Carrier Global Corporation, recently upgraded to a Buy rating by UBS, specializes in heating, ventilation, air conditioning, and refrigeration systems for both industrial and residential markets. The company also provides security and fire protection systems under various well-known brands. Its net sales are primarily derived from product sales (88.5%), with a geographical distribution of 55.2% in the United States, 21.4% in Europe, 19.7% in Asia/Pacific, and 3.7% in other regions.