Some of the revenue synergies that the team’s worked on between Toshiba and Giwee to really introduce some new products into the China market, we think as we know and we anticipate that we’ll continue to spend helping us a lot. And I think the big thing is this pivot between what was real estate and property now to some of the more industrial pieces like EV, electronics, infrastructure, manufacturing, strong. So we actually have China for us up in 2024, I think it’s in the high single-digit range. Obviously, we all know China will have to continue to watch. But if we feel like if we play in the right spaces in China, we’re well positioned.
Brett Linzey: Okay. Great. And then just a follow-up to that. You identified the significant synergies at Viessmann. You’ve had some time for the integration here, maybe put a finer point on the sizing and the timing of those and what really is that new branding, new products and so on? Any context would be great.
David Gitlin: Yes. We — what I would do is, I would put the revenue synergies, and we’ll start to dimensionalize those for our investors here over time. But — it’s a little bit early. But what I would do is, put the — I would put the revenue synergies in three categories. One is multichannel, multi-brand. Viessmann has — I think everyone would agree, the single best channel for the residential market in Europe. So direct to installers, more than 80,000 installer relationships, and we’re looking at introducing a secondary brand, potentially the Carrier brand into that channel. And then there’s more we can do with the Toshiba brand in Europe as well. So that’s an example. And is there more we can do with the Viessmann brand in places like China or in India or in the United States and North America.
So multi-channel, multi-brand. The second one is just pure innovation. They have — Viessmann has a phenomenal digital tool that they use with their installers. Is there more that we can do to drive services growth through the digital tools that we have within Carrier or that we have within Viessmann or even some of that heat pump technology, could you see more air to water in the United States, especially for homes in places like New England that have radiated heat today or might we see more of a trend even though it’s a bit of a niche market around geothermal in the United States. And then the last is what I would call integrated offerings like complete home energy management systems, which Viessmann does very well today in Europe, and that an opportunity for us in the United States, and things like district heating, where we could do a commercial heat pump combined with the apartment transfer units that Viessmann has.
So we see a lot of opportunity. We’ve given a very kind of audacious aggressive target for ourselves internally. And as we get some wins on the board, we’ll start to more dimensionalize that for our investors.
Brett Linzey: Okay. And that’s not baked in this year, right? Back half?
David Gitlin: Correct.
Brett Linzey: Thank you.
David Gitlin: Okay. Well, let me — let me wrap things up. First of all, thank you all for joining. For us, it’s a big day. We’re actually here in the New York Stock Exchange. We will be a little bit overdue because we were going to ring the bell when we spun as a public company back in in 2020, but it was COVID, the New York Stock Exchange, which was shut down. So we’re excited to have our — many of our key leaders here with us, and we’ll be ringing the bell here shortly. We have customers with us in the building today, which we’re excited to spend time with them. And we are so excited about not only 2024, but the future of this company. We are so well positioned around the sustainability trend, and I’m so proud of what this team has accomplished since our spin, but I assure you that our best days are ahead. So thank you all for joining, and Sam, as always, available for questions.
Operator: Thank you for participating. This does conclude the program. You may now disconnect. Everyone have a great day.
