Carrier Global Corporation’s Address at the Barclays 42nd Annual Industrial Select Conference
On February 20, 2025, at 9:15 AM ET, Carrier Global Corporation (NYSE: CARR) participated in the Barclays 42nd Annual Industrial Select Conference. The conference call was moderated by Julian Mitchell of Barclays, and the participants from Carrier were David Gitlin, Chairman & CEO, and Michael Rednor, Vice President, Investor Relations.
Company Overview
David Gitlin began by providing an overview of Carrier Global Corporation. He highlighted the company’s position as a leading global provider of heating, ventilating, and air conditioning (HVAC) solutions. Carrier’s portfolio includes residential and commercial systems, refrigeration systems, and building controls. The company operates in over 170 countries and has a strong presence in the industrial, residential, and transportation markets.
Financial Performance
Michael Rednor then discussed Carrier’s financial performance. He reported that the company had delivered strong results in 2024, with revenue growth of 7% and adjusted EBITDA growth of 10%. He attributed this growth to the company’s focus on profitable growth initiatives, cost savings, and operational excellence. Rednor also highlighted Carrier’s strong cash flow generation and solid balance sheet.
Investment in Innovation
David Gitlin then spoke about Carrier’s investment in innovation. He noted that the company had made significant investments in research and development (R&D) to develop new technologies and solutions. Gitlin highlighted Carrier’s focus on sustainability and energy efficiency, with a particular emphasis on carbon reduction. He mentioned the company’s partnership with Microsoft to develop a digital platform for optimizing HVAC systems and reducing energy consumption.
Market Trends
Julian Mitchell asked about market trends and the impact of regulations on Carrier’s business. Michael Rednor responded by discussing the growing demand for energy efficiency and sustainability in the HVAC market. He also noted that regulations, such as the European Union’s F-Gas Regulation, were driving the transition to low-global-warming-potential (GWP) refrigerants. Rednor expressed confidence that Carrier was well-positioned to meet these trends and regulations with its innovative solutions.
Impact on Individuals
The transition to low-GWP refrigerants and the focus on energy efficiency and sustainability in the HVAC market will have a significant impact on individuals. Homes and buildings will become more energy-efficient, leading to lower utility bills and a reduced carbon footprint. Additionally, the use of smart HVAC systems will provide greater comfort and convenience for occupants.
Impact on the World
The transition to low-GWP refrigerants and energy-efficient HVAC systems will also have a positive impact on the world. The reduction in greenhouse gas emissions from the HVAC sector will contribute to global efforts to mitigate climate change. Additionally, the use of smart HVAC systems will lead to increased energy efficiency and cost savings, reducing the strain on energy resources and improving overall sustainability.
Conclusion
Carrier Global Corporation’s participation in the Barclays 42nd Annual Industrial Select Conference provided insight into the company’s strong financial performance, focus on innovation, and investment in sustainability. The transition to low-GWP refrigerants and energy-efficient HVAC systems will have a significant impact on individuals and the world, with benefits including lower utility bills, reduced carbon footprints, and increased energy efficiency. Carrier is well-positioned to meet these trends and regulations with its innovative solutions, making it an attractive investment opportunity for those focused on profit, education, and sustainability.
- Carrier Global Corporation reported strong financial performance in 2024, with revenue growth of 7% and adjusted EBITDA growth of 10%.
- The company has made significant investments in research and development to develop new technologies and solutions.
- The transition to low-GWP refrigerants and energy-efficient HVAC systems will have a significant impact on individuals and the world.
- Carrier is well-positioned to meet these trends and regulations with its innovative solutions.
