Carrier Global (CARR) reported $5.15 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 0.9%. EPS of $0.54 for the same period compares to $0.53 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $5.33 billion, representing a surprise of -3.48%. The company delivered an EPS surprise of +5.88%, with the consensus EPS estimate being $0.51.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...

Exhibit 99 1 • Sales of $5.1 billion, up 19% compared to 2023 including 6% organic growth • GAAP EPS from continuing operations of ($0.05); adjusted EPS from continuing operations of $0.54, up 50% • Operating margin expansion of 250 basis points and adjusted operating margin expansion of 370 basis points • Sales of $22.5 billion, up 19% compared to 2023 including 3% organic growth • GAAP EPS from continuing operations of $1.22; adjusted EPS from continuing operations of $2.56 up 16% • Operating margin expan ...

Core Insights - Carrier Global Corporation reported strong financial results for Q4 and full year 2024, highlighting a transformational year with significant growth and strategic acquisitions [2][3][7] Q4 2024 Highlights - Q4 sales reached $5.1 billion, a 19% increase year-over-year, driven by 6% organic growth and a 13% contribution from acquisitions and divestitures [3][4] - The HVAC segment saw an 11% organic sales increase, with high-teens growth in the Americas, while refrigeration sales declined by 6% organically [4][5] - Adjusted operating profit for Q4 was $678 million, a 65% increase, attributed to the integration of Viessmann Climate Solutions and organic growth [5][6] Full Year 2024 Highlights - Total sales for 2024 were $22.5 billion, up 19% from the previous year, with 3% organic growth and a 16% impact from acquisitions and divestitures [7][8] - GAAP operating profit increased by 23% to $2.6 billion, while adjusted operating profit rose 34% to $3.5 billion [7][8] - The company returned approximately $2.6 billion to shareholders, including $0.7 billion in dividends and $1.9 billion in share repurchases [11] 2025 Guidance - Carrier projects accelerated organic growth in 2025, supported by ongoing innovation and a commitment to double-digit aftermarket growth [9][12] - Expected sales for 2025 are projected between $22.5 billion and $23.0 billion, with adjusted EPS anticipated to be between $2.95 and $3.05, reflecting a mid to high-teens growth [12][13]

Carrier Global (CARR) is scheduled to report its fourth-quarter 2024 results on Feb. 11.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 51 cents per share, which has increased by a penny over the past 30 days, suggesting a year-over-year decline of 3.77%The Zacks Consensus Estimate for revenues is pegged at $5.43 billion, indicating 6.42% year-over-year growth.Carrier Global’s earnings surpassed the Zacks Consensu ...

Core Insights - Carrier Global Corporation has launched Carrier QuantumLeap™, a suite of solutions aimed at the growing data center industry, with the global data center cooling market expected to reach $20 billion by 2029 [1][4] - The QuantumLeap solution integrates advanced cooling technologies, including AI-driven systems, to enhance efficiency and reliability in data center operations [2][3] Group 1: Product Offerings - Carrier QuantumLeap provides an end-to-end thermal management system, ensuring real-time optimization and adaptability across data center operations [3] - The company offers next-generation chiller solutions that are 30% more efficient than previous models, featuring integrated free cooling and optimized energy use [5] - Carrier's Cooling Distribution Unit (CDU) facilitates integration into direct-to-chip liquid cooling systems for high-density environments [5] Group 2: Strategic Investments - Carrier Ventures invested in Strategic Thermal Labs (STL), a leader in liquid cooling technologies, to enhance its capabilities in data center cooling [4] - The company is expanding its manufacturing capacity in North America, aiming to double its commercial HVAC manufacturing capacity by the end of the year [6] Group 3: Technology and Services - Carrier's advanced building management system and digital platform provide operators with enhanced control and transparency in managing data center environments [5] - The Nlyte® data center management solutions are currently deployed in over 300 data centers, managing more than one million racks and 10 million data points [5] - Carrier's digital platform, Abound™, offers real-time insights and predictive maintenance capabilities to improve operational reliability and minimize downtime [5]

Analysts on Wall Street project that Carrier Global (CARR) will announce quarterly earnings of $0.51 per share in its forthcoming report, representing a decline of 3.8% year over year. Revenues are projected to reach $5.43 billion, increasing 6.4% from the same quarter last year.The consensus EPS estimate for the quarter has undergone a downward revision of 3.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimat ...

Wall Street expects a year-over-year decline in earnings on higher revenues when Carrier Global (CARR) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 11, 2025, might help the stock move higher if these key numbers are better th ...

Company Recognition - Carrier Global Corporation has been named to Fortune's 2025 list of the World's Most Admired Companies for the fourth consecutive year [1] - The recognition is based on surveys of executives, directors, and analysts evaluating companies on nine criteria, including investment value, quality of management and products, social responsibility, and ability to attract talent [1] Leadership and Workforce - Carrier's Chairman & CEO David Gitlin attributes the recognition to the passion and innovation of the company's 50,000 employees [2] - The company emphasizes its commitment to delivering for customers, creating value for shareowners, and building a workplace that champions employee growth and contributions [2] Company Overview - Carrier Global Corporation is a global leader in intelligent climate and energy solutions [3] - The company is committed to creating solutions that matter for people and the planet, with a focus on inventing new technologies and industries [3] - Carrier's world-class, diverse workforce places the customer at the center of everything they do [3]

Group 1 - Carrier Global Corporation will release its fourth quarter 2024 earnings on February 11, 2025, and will host a conference call and webcast at 7:30 a.m. ET [1] - The webcast and presentation will be available on the company's investor relations website, and participants must pre-register to listen to the earnings call by phone [2] - Carrier is recognized as a global leader in intelligent climate and energy solutions, committed to creating impactful solutions for people and the planet [3] Group 2 - The company emphasizes its history of innovation and leadership in developing new technologies and industries [3] - Carrier boasts a diverse workforce that prioritizes customer-centric approaches in its operations [3] - For further information, the company can be followed on social media and its corporate website [3]

PALM BEACH GARDENS, Fla., Jan. 13, 2025 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced the launch of its Carrier TechVantage Initiative. This transformational initiative involves hiring 1,000 service technicians in the United States and providing additional training to over 100,000 Carrier and Carrier partner HVAC technicians within five years. By addressing the growing demand for technical expertise in the commercial HVAC ...