Carrier Reports Strong 2023 Results and Announces 2024 Outlook

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 ...