Carrier Global

Track record in 2023–2025 is disciplined: acquire Viessmann Climate Solutions for strategic European heat pump exposure, exit non‑core Access Solutions, Commercial Refrigeration and Fire, and recycle proceeds to delever and repurchase stock.

Management targets synergy capture (~€200m run‑rate) and a medium‑term framework of margin expansion and mid‑teens adjusted EPS growth. Dilution from SBC is moderate but CEO pay in 2024 was elevated. Overall, strategy coherence and portfolio shaping are strong, with continued focus on services and higher‑return applied markets.