Carrier (CARR)

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Carrier (CARR) - 2024 Q3 - Quarterly Results
2024-10-24 10:58
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 ...
Carrier Reports Strong Third Quarter 2024 Results
Prnewswire· 2024-10-24 10:00
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 ...
Seeking Clues to Carrier Global (CARR) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
ZACKS· 2024-10-21 14:21
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 ...
Here's Why Carrier Global (CARR) is a Great Momentum Stock to Buy
ZACKS· 2024-10-15 17:00
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 ...
Are Computer and Technology Stocks Lagging Carrier Global (CARR) This Year?
ZACKS· 2024-10-15 14:46
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 ...
Carrier Third Quarter 2024 Earnings Advisory
Prnewswire· 2024-10-08 20:15
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 ...
Can Carrier's Rebranding of EcoEnergy Insights Push the Stock Higher?
ZACKS· 2024-10-08 14:55
Core Viewpoint - Carrier Global (CARR) is rebranding its EcoEnergy Insights business to Carrier Abound, aiming to unify its offerings in intelligent climate and energy solutions, focusing on sustainability and asset management in building operations [1]. Group 1: Business Expansion and Strategy - Carrier is leveraging its expertise in energy-efficient HVAC systems, having saved over 6 billion kWh of energy globally, to enhance operational efficiency and sustainable building management [2]. - The company has seen a 40% increase in its shares year-to-date, contrasting with a 13.2% decline in the Zacks Electronics - Miscellaneous Products industry, driven by its focus on intelligent climate and energy solutions [3]. - A collaboration with Sibi was announced to transform the HVAC industry through data-driven efficiency and optimized supply-chain management [4]. Group 2: Acquisitions and Divestitures - Carrier's acquisition of Viessmann Climate Solutions has strengthened its position in sustainable climate and energy solutions, contributing 11% to sales growth in Q2 2024 [5]. - The sale of its security business, Global Access Solutions, to Honeywell for $4.95 billion is part of Carrier's strategy to reduce debt and focus on higher-growth areas [6]. - Divestitures will enable Carrier to introduce advanced products aligned with sustainability goals and contribute to decarbonization efforts [7]. Group 3: Financial Performance and Outlook - Carrier's earnings have consistently surpassed estimates, with an average surprise of 11.09% over the last four quarters [8]. - For Q3 2024, Carrier expects sales of approximately $6.6 billion, reflecting a year-over-year growth of 14.78%, while earnings are anticipated to be around 80 cents per share, indicating a decline of 7.87% year-over-year [9]. - The stock is currently viewed as overvalued, with a Value Score of D and a forward Price/Sales ratio of 2.92X, higher than its historical median [10].
Kidde Releases Powerful Plea from Child House Fire Survivors for Its Cause For Alarm Campaign
Prnewswire· 2024-10-08 13:05
Core Message - Kidde is launching the "Living Jingle" campaign to raise awareness about fire safety, emphasizing the importance of having conversations about the risks of home fires, which many parents underestimate [1][4]. Group 1: Campaign Overview - The "Living Jingle" features the voices of children who have survived house fires, aiming to remind families of the real risks associated with home fires [2][3]. - Kidde's Cause For Alarm campaign seeks to create safer homes and communities by promoting fire safety preparedness [4]. Group 2: Collaboration and Impact - Kidde has partnered with Jordin Sparks to elevate the conversation around fire safety, leveraging music as a tool to communicate important messages [3][4]. - The campaign encourages families to engage in discussions about fire safety and provides resources such as toolkits and children's books available on CauseForAlarm.org [2][4]. Group 3: Community Engagement - Kidde invites the public to share the "Living Jingle" on social media and participate in a program where purchasing Kidde alarms will contribute to community donations up to $1,000,000 [4]. - The campaign aims to inspire families to prioritize fire safety and avoid tragedies related to home fires [4]. Group 4: Company Background - Kidde has been a leader in fire safety for over 100 years, known for its innovative products such as smoke alarms and fire extinguishers [6]. - Kidde is part of Carrier Global Corporation, which focuses on intelligent climate and energy solutions [1][6].
Marking a Pivotal Step in Transformation Journey, Carrier Integrates its EcoEnergy Insights™ and Abound™ Digital Solutions
Prnewswire· 2024-10-07 14:45
Carrier aligns its EcoEnergy Insights' suite of solutions under Carrier Abound to accelerate positioning as a global leader in intelligent climate and energy solutions PALM BEACH GARDENS, Fla., Oct. 7, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, announced today that its EcoEnergy Insights™ business will now go to market globally as Carrier Abound™. EcoEnergy Insights, a leading provider of Artificial Intelligence (AI) and Internet ...
Haier Smart Home Successfully Completes Acquisition of Carrier Commercial Refrigeration
Prnewswire· 2024-10-02 12:34
Core Insights - Haier Smart Home Co., Ltd. has successfully completed the acquisition of Carrier Commercial Refrigeration for an enterprise value of approximately $775 million, enhancing its strategic positioning in the global commercial refrigeration market [1][2][3] Company Overview - Haier Smart Home is a leading manufacturer of household appliances, focusing on smart home solutions and customized production, with a diverse product range including refrigerators, washing machines, and air conditioners [4] Acquisition Details - The acquisition follows the signing of definitive agreements on December 12, 2023, and was finalized after obtaining all necessary regulatory approvals, ensuring a smooth transition for the business [2] - The acquisition includes over 4,000 employees from Carrier Commercial Refrigeration, which will broaden Haier's product portfolio and enhance its ability to provide comprehensive refrigeration solutions [3] Strategic Implications - This acquisition allows Haier to expand its reach from home refrigeration to the commercial refrigeration market, targeting sectors such as industrial, food retail, and cold storage [3]