Carrier Global Corporation (NYSE:CARR) Q4 2022 Earnings Call Transcript

David Gitlin : Sticky. Yes. We have very high confidence that, that 10% to 15% for the new units will be sticky. It’s been sticky thus far. We think it will remain sticky as we go through ’23 and beyond. And look, we’ve all taken slightly different approaches. We took the approach for the unit to do more redesign rather than less and look for more differentiation, and we’ve done that. We’ve driven more of a copper to aluminum shift. We’ve driven a microchannel heat exchanger. We’ve done a lot of aesthetic and fit and spacing and size. So we’ve done a lot to make that our new SEER unit, a very, very attractive and differentiated — And one of the big things will be some of the control features as well. So we think that because of the value we’re offering and because of what the customer is getting, we think the pricing will be sticky.

Gautam Khanna: Thank you.

Operator: I will now turn the call back over to management for any closing remarks.

David Gitlin : Okay. Well, thank you, everyone, for joining. We’re excited about how we closed last year and even more excited about ’23. And with that, we’ll close the call, and please reach out to Sam for any questions. Thank you all.

Operator: Ladies and gentlemen, that concludes our conference for today. Thank you for your participation. You may now disconnect.