and an you, Sam, Europe's your flexibility company Well, appreciate A in notice. on this a morning Carrier, a for us Today a the we and short day game-changing new exciting opportunity everyone. premier thank on market us are and to joining announcing our transition most acquire attractive to allowing Europe. in transformation, in space, capitalize direction us energy good morning, new we the big
a will superior energy Combined focused, we solutions with Carrier and higher also leader become generates growth shareholder simpler, the in planned that climate that exits pure-play announcing, returns. intelligent and are
our aftermarket short, top X% our commercial global results well. the QX we and commercial projections more positive cash on truck high and Based improving progressed. will forecast team more significantly EPS and performance executed adjusted beat confidence in QX range. very highlights exceeded free modestly light our controls organic double-digit have our this as in on good quarter we discuss with flow Before the transformation cover Orders in Adjusted we growth results, trailer. with strong with the news, we of slide now HVAC growth in line full two. year the In the our We of detail, $X.XX generated guidance were the year-over-year. year year-over-year EPS of orders end on
Before about we slide exciting do. discuss we've take we come say on announcement on since far In short, a future, we our look accomplishments our three. me proud so to let I how do brief am what our going team's already spin. we're of back
deliver margins increased to rigorous were teams improved sustained and energize flow, our culture loyalty, reduction, commitments drive aftermarket cost cash through innovate growth, and portfolio ensure balance and sheet. our Our revenues, strong and strengthen free customer
grown margins basis sales XXXX, and adjusted driven an XXX at CAGR an EPS since And have We by have XXXX. since X% have expanded XX%. we CAGR of points
We have the introduced and digits over effectively driven XXX over have significant productivity, annually products three years. growing our past aftermarket new double
ourselves with and in our sale our acquisition traction launched business Toshiba's building customers. the We of cold VRF positioning our the improved with with Giwee, new ecosystems Lynx, dramatically our getting the completing while of for platforms and Abound superb We Chubb important bearer chain portfolio, and both fast-growing market shares. and HVAC
by increasing debt improved our XXXX XX% billion $X by $X workforce $XX from share ratio in made doing dividend possible our sheet, new targeted culture. agile our of a year. this outstanding XX% performance reducing balance net our has billion to while world-class and to We and all stand-alone XX% billion been payout This from buyback
since the spin to our As XX% has a result stock Carrier for compared of appreciation that, price of XXX. XXX% S&P all date appreciated
see in our on our of slide we a what you execution, foundation record are purposeful which in now track announcing a with firmly four. shift So is and place strategy,
fastest-growing We differentiated vision, very comprehensive services. positioning clear highly channel solutions. compelling in climate sustainable technology Strategically, we have the intelligent leader suite are with of and and ourselves most energy and be a and the world the geographies, to in and differentiated access
cycle revenues. increase recurring will aftermarket Digitally enabled life and solutions
customer faster-growing team to superior will to decision today making energized shareholder slide has vision focus that five. in we're the further which and strategic to Our continue markets, leads align portfolio shift drive This led loyalty it unparalleled and our us announcement to returns. the on our with end
as the for capabilities Viessmann also company the will of our in climate the business, in one-stop expand first growth pump markets. Group's Climate The and heat and shop is renewable segment This highest premier acquisition solutions. a transition the Solutions energy management
that announcing security of are businesses. the and commercial also our are initiating and refrigeration exiting process We we fire
was the decision love could easy, latter asset them. our in not decision exciting. compelling with We former people the more be best market tough. best these and in combining and The The businesses was
focus We with have are The and globally we a saw further focus customer positions confident a create company portfolio and revenue tremendous tremendous from brands, additional higher the spun benefit positions the of as growth with we value. we will be market Carrier, in margins, any new leading will gross world. market EBITDA other unlike stickiness. and UTC result that But profiles,
offerings. shift state-of-the-art of heat battery consists offerings. made pumps, now XX% XX,XXX Climate have a with let Group, Climate the that of has Viessmann services, overview slide boilers, highly members business its over also So Solutions history. and who company PV its solar part It with on leadership Solutions boiler start Viessmann market that of me team from has purposeful such an premier differentiated fuel XXX-year-old portfolio enabled Viessmann as The established family-owned includes of digitally six. hydrogen-ready fossil business
Directors. in very heat combination XX% family Climate Those in purchase and sales Viessmann's of which Board equity four founding result, creates XX% strong is and fixed been positions Viessmann forward make base more to with And of Poland has of opportunity. installed And look we pump showing confidence the entity, rates. Europe Viessmann Italy. XX% are at XX% combined of game-changing the than the growth great a price the Carrier tremendous France, Germany, its About annual Max signing. in in joining pump a with countries taking The heat our Solutions up and of as
climate-focused, same. XXX-year-old is are vision. we businesses you of the our to Both have Viessmann help welcome Carrier us industrial and realize on leaders. much markets our a who had that slide and Viessmann team describe share innovation, is into A see agile, created Carrier as companies and both startup. that shared the largely to lot tremendous very excited evolved very founders, visionary family journey we're a Viessmann in to the phrase the used Carrier Furthermore, a Interestingly, shaped to seven. digital we have similar rapid
of with are transformative with strategic premier we Together, heating, to that and we fits before the globally. champion reasons as the Climate and eight. are the and positions residential we have now Solutions gaps, of just we now addressed space. moves which positions asset came a BRF, acquisitions the spun, is globally. Giwee Toshiba addressing which now many see market-leading These that position established when climate establishing two the commercial Carrier a a one have why generations we Carrier, with market-leading in had like slide glove, European we Thanks as Viessmann new global on light you But
exciting nine, for this slide we see as primary the acquisition. you rationales at tremendously three So look
it space the attractive in First, globally. our market is most
is Climate in to the offerings Viessmann third, expand a differentiated Second, that asset positions into it renewable Solutions unique our And premier and market. integrated portfolio in way.
The our market why itself adoption acute the Climate elements sustainability, industry. indeed but each been Ukraine. European these units years. also EU target reduction deal the in rapid by energy starting green to These heat to XX, Europe the XX%, out when So the Europe. recently for XXXX. million of targeted on clearly Green five is XX% see security three following I'll The attractive. most gas front sustainability. solutions the XXXX, explaining invasion slide over of regulations individual in accelerated rate for aims you double current incentives. of greenhouse pumps REPowerEU which XX Paris reach REPowerEU are renewable the additional raised by Agreement Europe address of and XX, reshaping in megatrends and by next has energy, and trends to change the secular a Russian in passed that Fit are XX% set here so was on energy emissions are global and government, long a
government time announced the subsidies. There implemented Likewise, The see countries homes, by as is bans are increase XX has frame XXXX. also in on to increase XX% or heat pumps annually heating over residential well. homes, for annually systems on XX. XX which fuel result that a during European X.X supported Slide been XX% PV are this which battery sales million expected annual European Residential double-digit you million fossil growth massive to solar projected have sales installed newly increase in is with by to
Carrier does today. offer battery PV not home solar and solutions
given the see to shift is to So heat annual and offering pumps Solutions Viessmann provide The opportunity opportunity pursue mix-up of an you billion. incremental XX. TAM perfect that the $XX Climate fast-growing unique on Carrier compelling Slide
to one rapid going million the selling from per up year is adoption heat year, XX First XXXX. pumps, per in about of million
revenues pump is for the residential compared XX% for annually mix Xx expected The that The result the impact to years. in with to per as factor positive boilers. is much market tremendous. EU unit opportunity grow combination selling that Now heat pump heat as coming of is the
So Slide turning to XX.
the additional some years and represents move to Climate his Professor this why space. Viessmann, founding generation color Dr. is provide the premier family Viessmann Martin of on Solutions who Thanks in ago. the third me Let company courageous XX
in trusted the deep, primarily Europe. response whom Viessmann in iconic channel them, been one very allows relationships. desires directly best-in-class customer the customer companies often is they that to of compared XX,XXX few This as to of and brand for the to digital of Likewise, residential Climate sells is highly installers. Solutions brands. has rapid heating intimacy, differentiated It have with Viessmann Europe highly Mercedes innovation connectivity. and the across long-standing
recent shining by it. singled of ranked Olaf thousands solutions to reputation and track been climate Slide is has product largely the result, Germany. New Year's are Chancellor and pay has most XX. leadership recognize highest two on side Viessmann driven demand example It the customers a Viessmann you of as decades. see of its in Scholz's almost and and address, German of Germany he energy for excellent heating innovative and The OEM a innovation premier out During brand for most trusted as record premium Its willing the
Solutions a and XX. heat by patented into a Invisible, has new as as concept in pumps generating floor and natural as decorative require panel. accessories integrated and see aesthetics the heat developed to also and They optimizes bottom a and called offerings installation time. which use outside leaned XX% Viessmann at the space a handler, Climate service indoor pump, They less The solution refrigerants of Viessmann air providing result, you heating forefront integrating digital revenues. on growth Slide recurring line heating are innovative water tank the top and subscription-based space
expect billion and forward. €X expect in XXXX, and approximately on going done new of we nothing in those continue few top we forward million €X numbers of and for it them. years last respectively. Fast to to €XXX to growth the to and EBITDA They've it sales million expect double-digit We bottom over line it's €XXX XXXX. billion That's increase
best So best the asset in market.
approach has exciting effectively an entirely given XX. on market, combination Slide you enter to established equally as the is Solutions ecosystem Viessmann positions that that new and Carrier Climate What's see
distinctive product attached so to value-added its a interact portfolio, and across seamlessly has digital job the that with Viessmann ecosystem services. products, and creating designs masterful with all another consumer common of one done interoperable becomes multiple its
interconnected Max systems times, and implemented PV then strategy. heat have underpinned digital Viessmann are can team and one platform all all installed his base. their and but at common by seamlessly Its interoperable, pump solar be this effectively battery, different
their single electronic One and base the one to climate home. gives quick energy The and applications, customer for platform via and devices reliable solution energy the system app. easy, way an into bundles operate an
is the that and comprehensive solution a the the is channels, to XX, Solutions and in position to The global create with unique differentiated. Climate such customers only homeowner you combine for you Solutions value is breadth with and see other truly us Climate offering. industry the When market unique beauty Viessmann of Viessmann as offerings, Slide planet technology level importantly on Carrier's our and company opportunity
management €X,XXX energy by about could solar homeowners pumps average and with an storage, implemented those solution, and annual renewable PV, Homeowners Switching in gas Germany to heating complete pump, by heat on electric they with on year. spend to heating. key with boilers can XX% bills per effective per €XXX over to the solution reduce controls, same €X,XXX owner's year, XX% XX% per an to management a year. battery grid If -- cost
also carbon same would about Those footprint same owners homeowners reduce individual by their XX%.
electrified, continues in the be world planet. our step to change integrated to So solutions a benefit more customer and provide value
This the installed price to ability services, see as XX the boiler. broad to a you market fast-growing solar and XX installed XXx Carrier's PV, of of Carrier, addressable accessories can of When suite the offerings, as The a add pursue sells XX. a high battery on Heat now to market price price billion be introduces as new opportunity. result stand-alone Xx is Slide for boiler. and about pump a you
to The together integrating is one team. coming key effectively success and as
XX. again, no see Slide deep business. Climate a tremendous system, brand, Solutions innovation. and people, integrated that as it ERP have one I operations and is continue before, do a successful effectively well-run so it has channel done It a to well-established strong on doubt we we'll Viessmann here have highly one We and
and very Climate have with light residential We for will Solutions, his commercial Excellence been Center business, Thomas lead Thomas be to our Carrier Solutions Germany. Viessmann in which and CEO European Viessmann headquartered leadership combined Allendorf, and continue Climate Heim, team. will of impressed
be exits, business After HVAC. completing vast of will business the our and the acquisition majority
As a agreed and collaboratively streamline result, Chris I have the to organization. Nelson
wish business served but well, me will him will departing for directly Our we the Chris and years, Carrier leaders, company nothing report superb HVAC best. so now month. to He and XX next has the be
sustainability you for purpose, and important Another reason deep and as passion a is in Together, on cultures the achieve for XX. unwavering how passion A for innovation, results, well align confidence see compelling to commitment and we integration will Slide community the people and our customers values environment. targets. our
one are to team. as move cannot aligned wait and We forward together
includes you case, cost on synergies the business base Slide XX. that Our see
be We vast track achieved of a three majority the have we will which identified year our achieving €XXX synergies have over of million of and cost by record projections.
of we rapidly Solutions XXX Rather this million so about reductions. in-sourcing. On are to that. is committed meaningfully cost synergies Toshiba, the is do not Climate are procurement than a to XX% we growing and and better driven synergies employment business, Viessmann about by of tracking
Poland Viessmann Cost our rotary compressors anticipate Climate by example, inverter in-sourcing in as Spain we as components increase For to heat well from differentiated facilities drives Solutions expected other Toshiba, are from like basis over and margins vents. points synergies exchangers years. and XXX within three
also our channel. as were revenue Viessmann in opportunities, synergy offerings channel which ecosystem multi-tier technologies not There Solutions have more digital across such and its leveraging estimates, offerings introducing included broadly Carrier's and base into we Climate
you turn take Now it Patrick I itself XX. Slide through will on the to over transaction to