Carrier Global (CARR) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.92%. A quarter ago, it was expected that this company would post earnings of $0.78 per share when it actually produced earnings of $0.89, delivering a surprise of 14.10%.Over the last four quarters, the company ha ...

Q4 2023 EARNINGS CONFERENCE CALL Cautionary Statement 1 | --- | --- | --- | |--------------------|--------------------------|--------------------------------------------------------------------------------------------------------------------------| | Sales | $5,102M Organic* +0% Y/Y | Highlights | | Adjusted Operating | $557M | Commercial HVAC and Refrigeration sales up HSD organically | | Profit* | +8% Y/Y | Weaker than expected North America residential HVAC sales as distributors reduced inventory levels ...

Fourth Quarter 2023 Highlights Sales of $5.1B Operating margin expansion of 340 basis points and adjusted operating margin expansion of 80 basis points GAAP EPS of $0.49, up 53% vs. 2022 and adjusted EPS of $0.53, up 33% vs. 2022 Net cash flow from operating activities of $1.1B and free cash flow of $829M Full Year 2023 Highlights Sales of $22.1B, up 8% compared to 2022 including 3% organic growth Gross margins up 210 basis points compared to 2022 GAAP EPS of $1.58 and adjusted EPS of $2.73 Net cash flow ...

Financial Performance - Carrier Global Corporation reported net sales of $2,217 million for 2023, a decrease from $2,640 million in 2022, reflecting a decline of approximately 16%[27]. - The company has significant indebtedness, with a need for substantial cash flow to service its debt obligations, which may be impacted by various economic and competitive factors[39]. - Future amortization of intangible assets is projected to be $175 million in 2024, decreasing to $75 million by 2028[45]. - The company is subject to various indemnity obligations related to taxes from the Separation, which could have a material impact on financial results[88]. - The company may incur unanticipated costs related to asset impairment and other charges associated with acquisitions, which could affect financial results[68]. - The company may recognize impairment charges for goodwill and intangible assets, which could adversely affect financial results[114]. - The company is subject to income taxes in the U.S. and various international jurisdictions, with changes in tax laws potentially impacting tax receivables and liabilities[135]. Operational Efficiency and Strategy - The HVAC segment continues to focus on enhancing building performance, health, energy efficiency, and sustainability, with a strong emphasis on environmentally-friendly refrigerants and energy-efficient technologies[12]. - The company emphasizes operational excellence through its Carrier Excellence framework, aiming to drive sales and earnings growth while managing costs effectively[17]. - Carrier's strategy includes a focus on digitalization and automation to enhance operational efficiency and meet the evolving needs of customers[12]. - The company plans to grow through strategic acquisitions, having completed the acquisition of the VCS Business on January 2, 2024, and expects to continue pursuing similar opportunities in the future[37]. Risk Factors - The company’s operations are subject to various financial risks due to climate change, which may impact material costs and operational decisions[62]. - The company’s business performance is dependent on substantial investments in information technology infrastructure, which may be vulnerable to cyber-attacks[65]. - The company’s operations and those of its suppliers are subject to disruptions from various factors, including health-related shutdowns and natural disasters[72]. - The company’s competitive position may be adversely impacted by limitations on obtaining necessary licenses concerning data important to product development[71]. - Changes in global economic conditions and geopolitical risks could adversely affect the company's business, operating results, cash flows, and financial condition[133]. Shareholder Considerations - The company issued 58,608,959 shares of common stock to Viessmann as part of the acquisition of the VCS Business, which may lead to dilution of existing shareholders' ownership[93]. - The company’s shareowners' percentage of ownership in common stock may be diluted in the future[125]. - Quarterly cash dividends may be discontinued or modified, which could affect the price of the company's common stock[126]. - The company’s quarterly cash dividends are subject to the discretion of the Board of Directors and may be changed or discontinued based on various factors[94]. Compliance and Governance - The company accounts for leases in accordance with ASC 842, requiring the recognition of right-of-use assets and lease liabilities for leases longer than 12 months[63]. - Cybersecurity risk oversight is a top priority for the Board of Directors, with the Audit Committee maintaining primary responsibility through the ERM program[144]. - The company is subject to compliance with various laws and regulations regarding the import and export of products, which could adversely affect its competitive position[112]. - The company may face potential liabilities due to fraudulent transfer considerations, which could adversely affect its financial condition and results of operations[121]. Market and Economic Conditions - The trading price of the company's common stock has been volatile, and trading volume may fluctuate[122]. - The company’s credit ratings from Moody's, S&P, and Fitch Ratings could be downgraded, increasing borrowing costs and impacting liquidity[115]. - Approximately 35% of Carrier's inventory utilized the last-in, first-out (LIFO) method as of December 31, 2023, with a potential increase in net book value of $226 million if valued under the first-in, first-out (FIFO) method[28]. - The company has operations worldwide, exposing it to foreign currency exchange rate movements, which can affect reported results[348]. - Substantially all of the company's long-term debt has fixed interest rates, minimizing the impact of market interest rate fluctuations on operations[350].

Investors are always looking for stocks that are poised to beat at earnings season and Carrier Global Corporation (CARR) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Carrier is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty ...

The upcoming report from Carrier Global (CARR) is expected to reveal quarterly earnings of $0.51 per share, indicating an increase of 27.5% compared to the year-ago period. Analysts forecast revenues of $5.25 billion, representing an increase of 2.8% year over year.The consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior ...

PALM BEACH GARDENS, Fla., Jan. 16, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, will release its fourth quarter 2023 earnings on Tuesday, February 6, 2024 and host a conference call and webcast at 7:30 a.m. ET. The webcast and presentation will be available at ir.carrier.com. To listen to the earnings call by phone, participants must pre-register at Carrier Earnings Call Registration. All registrants will receive dial-in information ...

Carrier Global Corporation (NYSE:CARR) Baird’s Global Industrial Conference Call November 7, 2023 12:25 PM ET Company Participants Dave Gitlin - Chairman and Chief Executive Officer Conference Call Participants Tim Wojs - Baird Tim Wojs I am Tim Wojs. I cover building products here at Baird. And we are absolutely delighted to have Carrier Global join us again at our Global Industrial Conference this year. Carrier is a leading manufacturer of residential and commercial HVAC. They have got a transport in a co ...

Carrier Global Corporation (NYSE:CARR) Q3 2023 Results Conference Call October 26, 2023 7:30 AM ET Company Participants Sam Pearlstein - VP, IR David Gitlin - Chairman, CEO Patrick Goris - CFO Conference Call Participants Matthew Clark - Piper Sandler Andrew Obin - Bank of America Brett Linzey - Mizuho Deane Dray - RBC Capital Markets Gautam Khanna - TD Cowen Jeffrey Sprague - Vertical Research Partners Joe Ritchie - Goldman Sachs Julian Mitchell - Barclays Nigel Coe - Wolfe Research Noah Kaye - Oppenheime ...

Table of Contents FORM 10-Q Commission file number 001-39220 ____________________________________ (Exact name of registrant as specified in its charter) ____________________________________ Delaware 83-4051582 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 13995 Pasteur Boulevard, Palm Beach Gardens, Florida 33418 (Address of principal executive offices, including zip code) (561) 365-2000 (Registrant's telephone number, including area code) Securities reg ...