Financial Data and Key Metrics Changes - Reported sales of $6 billion were up 21% year-over-year, with organic sales growth of 4% [18] - Adjusted operating profit increased by 19% to over $1 billion, driven by organic growth and productivity [18] - Adjusted EPS from continuing operations was $0.77, up 3% year-over-year [19] - Preliminary free cash flow was an outflow of about $370 million, with underlying performance of approximately $700 million [20] Business Line Data and Key Metrics Changes - HVAC reported sales growth of 26%, reflecting organic sales growth of 6% and contributions from Viessmann Climate Solutions [21] - Refrigeration segment saw reported and organic sales up 1%, with transport refrigeration up 3% [22] - Commercial refrigeration sales were about $750 million for the year-to-date, with immaterial adjusted operating profit contribution [23] Market Data and Key Metrics Changes - Organic orders were up close to 20%, with North America residential HVAC orders up 30% year-over-year [22] - Orders for data centers increased more than 3x year-to-date, indicating strong demand in that vertical [8] - In Europe, heat pump subsidy applications were up about 50% sequentially and doubled compared to last year [15] Company Strategy and Development Direction - The company aims to be the global leader in intelligent climate and energy solutions, focusing on differentiation and customer solutions [7] - Continued emphasis on aftermarket growth, with expectations for double-digit growth for the fourth consecutive year [6] - The company is on track to eliminate $200 million of run-rate costs throughout 2024, contributing to improved profitability [27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about 2025, highlighting strong backlog and expected double-digit adjusted EPS growth from organic revenue growth [42] - The company is confident in its ability to manage peak hour demand and introduce new energy management solutions [10] - Management noted that the transformation process is largely behind them, allowing a focus on customer growth and innovation [30] Other Important Information - The company closed the sale of its commercial refrigeration business on October 1 and is on track to finalize the divestiture of the fire and security segment by year-end [7] - Settlements related to AFFF liabilities are expected to resolve most current and future claims, with cash settlement payments amounting to $615 million [29][30] Q&A Session Summary Question: Can you share your view on the bottoming process for Viessmann and revenue expectations into 2025? - Management indicated that recent order trends have shown improvement, suggesting a potential turning point, especially with subsidies starting to be paid [33] Question: What are the expectations regarding the pre-buy of 410A? - Management confirmed they have the capacity to meet demand and are building inventory to support underlying demand for the first quarter of next year [34] Question: Can you clarify the differences in adjusted EPS guidance? - Management explained the $0.10 delta between the core and continuing operations guidance is due to the allocation of headquarter charges and interest expense treatment [38] Question: What are the expectations for the light commercial business next year? - Management noted that while it is early to predict, they aim to end the year with balanced inventory and expect continued strength from ESSER funding [62] Question: How do you view the aftermarket strategy moving forward? - Management described the new aftermarket strategy as more sophisticated, focusing on inventory management and value-added services, with expectations for higher margins [78]

Carrier Global (CARR) came out with quarterly earnings of $0.77 per share, missing the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.94%. A quarter ago, it was expected that this company would post earnings of $0.85 per share when it actually produced earnings of $0.87, delivering a surprise of 2.35%.Over the last four quarters, the company ha ...

Exhibit 99 Carrier Reports Strong Third Quarter 2024 Results • Fire & Security segment now reported as discontinued operations making prior guidance not comparable • Net sales of $6.0 billion up 21% versus third quarter 2023; organic sales up 4% • GAAP EPS from continuing operations of $0.62 and adjusted EPS from continuing operations of $0.77 • Total GAAP EPS of $0.49 and adjusted EPS of $0.83 • Final business exit on-track to close around year end • Board increases remaining share repurchase authorization ...

Fire & Security segment now reported as discontinued operations making prior guidance not comparableNet sales of $6.0 billion up 21% versus third quarter 2023; organic sales up 4%GAAP EPS from continuing operations of $0.62 and adjusted EPS from continuing operations of $0.77Total GAAP EPS of $0.49 and adjusted EPS of $0.83Final business exit on-track to close around year endBoard increases remaining share repurchase authorization to $4.7 billionUpdated full year guidance to reflect the impact of discontinu ...

In its upcoming report, Carrier Global (CARR) is predicted by Wall Street analysts to post quarterly earnings of $0.81 per share, reflecting a decline of 9% compared to the same period last year. Revenues are forecasted to be $6.61 billion, representing a year-over-year increase of 15.4%.Over the last 30 days, there has been an upward revision of 3.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...

For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Carrier Global (CARR) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question. Carrier Global is a member of our Computer and Technology group, which includes 621 different companies and currently sits at #4 in the Zacks Secto ...

PALM BEACH GARDENS, Fla., Oct. 8, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, will release its third quarter 2024 earnings on Thursday, October 24, 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 (CARR) is expanding its footprint in intelligent climate and energy solutions by rebranding its EcoEnergy Insights business as Carrier Abound. The global move unifies the company's offerings, with the CORTIX suite of AI and IoT solutions now operating under the Abound brand. Carrier Abound will provide a cohesive suite of digital solutions and services aimed at driving sustainability, health, well-being and asset management in building operations. With more than 6 billion kWh of energy saved ...

The brand is joining forces with Multi-Platinum Recording Artist and mom Jordin Sparks to champion the importance of fire safety with the "Living Jingle" MEBANE, N.C., Oct. 8, 2024 /PRNewswire/ -- Kidde, a trusted leader in fire safety for more than 100 years, has introduced the next phase of its Cause For AlarmTM campaign, focused on helping families prioritize fire safety. Candid conversations about fire safety are often dismissed because many parents find it hard to imagine they will ever experience a fi ...