Core Insights - Carrier has made significant progress over the last five years since its spin-off, evolving into a focused and balanced world-class climate and energy solutions company [3] - The company has a geographically balanced portfolio, with 50% of its operations in the Americas, and a diversified vertical structure that includes strong growth from data centers without over-reliance on them [3] - The aftermarket business is a key growth driver, expected to continue growing at double digits annually [3] Future Outlook - By 2026, 40% of Carrier's portfolio, which includes aftermarket and commercial HVAC, is anticipated to maintain double-digit growth [4] - Shorter-cycle businesses, particularly residential and light commercial sectors, along with truck trailer operations, are expected to recover [4] - The company has strategically developed a differentiated portfolio, positioning itself to capitalize on future growth opportunities [4] Operational Strategy - Carrier emphasizes controlling overhead costs and driving operational efficiencies as part of its consistent themes for investor communication [5]