2021 Guidance Update
Q3 2021 ORGANIC BOOKINGS AND REVENUES
Robust Bookings w/ Broad-Based Growth in All Segments / Businesses;
~$150M in Revenues Impacted by Tight Supply Chain
Q3 Organic Y-O-Y Change
Bookings
Revenue
+ 20%
+ 4%
Enterprise
flat
+
Americas
+ 20%
+ 4%
Commercial HVAC
+
+
Residential HVAC
Transport
+ +
EMEA
+ 25%
Commercial HVAC
+
Transport
+
Asia Pacific
Commercial HVAC
Transport
+ 8%
flat
+
Americas
CHVAC bookings up 30+% vs down LSD comp PY; Revs up MSD
led by HSD svcs rev growth; Equip revs up LSD; IAQ demand
remains healthy
• Res HVAC bookings up LSD and revs flat on tough PY comps (30+%
/ high-teens, respectively); Record backlog entering Q4
Transport bookings up 20+%; reflects orders for 1Q 2022, 2021
shipments largely in backlog; revs up low to mid-teens, YTD bookings
up 80+%, YTD revs up 30+%, outpacing transport end mkts
• Americas - record backlog entering Q4
EMEA
•
• CHVAC bookings strong; Revs flat on strong HSD svcs revs growth
Transport bookings strong; Revs up high-teens; YTD bookings up
50+%, YTD revs up 20+%, outpacing transport end mkts
EMEA
record backlog entering Q4
Asia Pacific
+ 11%
+ 1%
+
+
+
•
Note: Information as of November 3, 2021
⚫ CHVAC bookings up low-teens; Revs up LSD led by China growth
•
Transport bookings up MSD and revs down MSD
COVID-19 pandemic remains a challenge in the region overall
• Asia Pacific- record backlog entering Q4
- NOT AN UPDATE OR REAFFIRMATION
*Organic bookings and organic revenues exclude acquisitions and currency
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