Carrier Global Corp at Goldman Sachs Industrials & Materials Conference (Virtual) Transcript

May 10, 2022 / 05:00PM GMT
Joseph Alfred Ritchie - Goldman Sachs Group, Inc., Research Division - VP & Lead Multi-Industry Analyst

All right. Looks like we're ready to go with the next afternoon session. Excited to have Carrier here with us today. We've got Chairman and CEO, Dave Gitlin. Sam Pearlstein is also here with us today, Head of Investor Relations.

Dave, I know you have some prepared comments. So why don't you kick us off?

David L. Gitlin - Carrier Global Corporation - Chairman & CEO

Well, good afternoon, everyone. Joe, thank you so much for having us.

Quite briefly, we remain very confident in our ability to outgrow a growing market and to continue to execute despite supply chain and other macro challenges. We proved that last year, we had 15% top line growth last year, 36% adjusted EPS growth last year. And then that continued into the first quarter of this year. You guys saw what we announced a couple of weeks ago where sales were up double digits in the first quarter, and we expanded our margins by 110 basis points.

We remain on track for

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