Quarter Details Fire & Security revenues of $871 million were down 6.5% year over year and contributed 13% to net sales. The reported figure missed the consensus mark by 4.70%. Carrier Global (CARR) reported second-quarter 2024 adjusted earnings of 87 cents per share, which surpassed the Zacks Consensus Estimate by 2.35%. The figure increased 10.1% year over year. Product sales (89.8% of net sales) of $6 billion increased 12.1% year over year. Service sales (10.2% of net sales) of $685 million were up 7.5% ...

Carrier Global Corporation (NYSE:CARR) Q2 2024 Earnings Conference Call July 25, 2024 7:30 AM ET Company Participants Sam Pearlstein - Vice President of Investor Relations, CFO, Fire & Security Segment David Gitlin - Chairman & Chief Executive Officer Patrick Goris - Senior Vice President & Chief Financial Officer Conference Call Participants Andrew Kaplowitz - Citigroup Jeffrey Sprague - Vertical Research Partners Julian Mitchell - Barclays Noah Kaye - Oppenheimer Joseph Ritchie - Goldman Sachs Nigel Coe - ...

1. See appendix for additional information regarding non-GAAP measures Carrier-branded AC units sold through Viessmann channel and order of 4,000 Beretta-branded units placed through the Viessmann channel Residential #1 Scale best-in-class technologies and operations to drive differentiated platforms and performance Highlights 1. See appendix for additional information regarding non-GAAP measures 2. Excludes NORESCO July 25, 2024 This communication contains statements which, to the extent they are not state ...

For the quarter ended June 2024, Carrier Global (CARR) reported revenue of $6.69 billion, up 11.6% over the same period last year. EPS came in at $0.87, compared to $0.79 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $7.05 billion, representing a surprise of -5.13%. The company delivered an EPS surprise of +2.35%, with the consensus EPS estimate being $0.85. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...

| --- | --- | --- | --- | |--------------------------------------------------|-------|-----------------|---------------------| | (In millions) | | June 30, \n2024 | December 31, \n2023 | | Assets | | | | | Cash and cash equivalents | $ | 2,919 $ | 10,015 | | Accounts receivable, net | | 3,187 | 2,481 | | Contract assets | | 333 | 306 | | Inventories, net | | 3,045 | 2,217 | | Assets held for sale | | 1,601 | 3,314 | | Other current assets | | 488 | 447 | | Total current assets | | 11,573 | 18,780 | | Future ...

Ahead of this earnings release, the estimate revisions trend for Carrier Global: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The sustainability of the stock's immediate price movement base ...

Exhibit 99 Carrier Reports Strong Second Quarter 2024 Results • Net sales of $6.7 billion up 12% versus second quarter 2023; organic sales up 2% • GAAP EPS of $2.55 up significantly and adjusted EPS of $0.87 up double-digits • GAAP operating margin expanded significantly year over year; adjusted operating margin expanded 200 bps • Reaffirming full year 2024 adjusted EPS guidance range • Closed two of four business exit transactions; remaining two on-track • Expect to repurchase about $1 billion worth of sha ...

PALM BEACH GARDENS, Fla., July 9, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, will release its second quarter 2024 earnings on Thursday, July 25, 2024 and host a conference call and webcast at 7:30 a.m. ET. About Carrier CARR-IR Contact: 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 ...

Net proceeds of approximately $1.1B expected to be used to pay down debt Global Commercial Refrigeration sale expected to close by the end of Q3 Sale process of Commercial and Residential Fire progressing as expected PALM BEACH GARDENS, Fla., July 2, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced it has completed the sale of its Industrial Fire business to Sentinel Capital Partners for an enterprise value of $1.425 bil ...

About Sentinel Capital Partners Headquartered in Stamford, Connecticut, Spectrum is a leading manufacturer of branded industrial fire detection and suppression products and services in mission-critical and high-hazard environments. Spectrum's four highly recognized industrial safety brands are Det-Tronics, Marioff, Autronica, and Fireye. Spectrum serves companies in critical infrastructure, marine, clean energy, and other industrial markets in more than 20 countries. Spectrum has approximately 1,400 employe ...