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Carrier Global Corporation's Strategic Stock Purchase and Industry Leadership
Financial Modeling Prep· 2025-11-25 22:03
Core Insights - Carrier Global Corporation is a leading company in intelligent climate and energy solutions, with a significant stock purchase by CEO David Gitlin indicating confidence in the company's future [1][4]. Company Overview - Carrier Global is known for its innovations in climate solutions, including temperature control, air quality, and transportation, and has been a leader in the industry since inventing modern air conditioning in 1902 [2]. Stock Performance - The current stock price of Carrier is $53.74, reflecting a 3.85% increase or $1.99, with a trading range today between $52.14 and $53.85. Over the past year, the stock has reached a high of $81.09 and a low of $50.30. The company's market capitalization is approximately $45.26 billion, with a trading volume of 3,703,977 shares on the NYSE [3]. Leadership Engagement - Carrier's leadership, including CEO David Gitlin and Senior VP & CFO Patrick Goris, actively engages with investors and stakeholders, recently participating in the Baird 55th Annual Global Industrial Conference, providing insights into the company's strategic directions [4]. Upcoming Events - David Gitlin is scheduled to speak at the Goldman Sachs Industrials and Materials Conference on December 4, 2025, with the event being broadcast live and a webcast replay available on Carrier's investor relations website, highlighting the company's commitment to transparency and communication [5].
15 Best 52-Week Low Dividend Stocks to Invest In
Insider Monkey· 2025-11-17 04:52
In this article, we will take a look at some of the best 52-week low stocks to buy now.Divid⁠end stocks have traditionally attracted long-term investors, but they are often⁠ oversh⁠adowed‌ by flashy growth stocks in terms of popularity. The Dividend Aristocrat Index, w⁠hic⁠h tracks comp‌anies that hav‍e inc⁠rease‌d their​ dividends fo‍r at least 25 co‌nsecutive years, h‍as rise⁠n by near‍ly 4% since‍ the s​tart‌ of 2025, compared​ with a rou‍ghly 15% ga​in for the br‍oad‌er mar‍ke‍t. This is not‌ a new tren ...
Carrier Reports Third Quarter 2025 Results
Prnewswire· 2025-10-28 10:05
Core Insights - Carrier Global Corporation reported a 7% decline in net sales for Q3 2025, totaling $5.6 billion compared to $5.98 billion in Q3 2024, with organic sales down 4% [3][4] - The company experienced strong growth in Commercial HVAC, which increased by 30% in the Americas, but this was offset by a significant decline in the Residential segment [2][5] - Carrier announced a $5 billion share repurchase authorization, reflecting confidence in its strategy and commitment to shareholder value [2] Financial Performance - Total net sales for Q3 2025 were $5,579 million, down from $5,984 million in Q3 2024, marking a 7% decrease [3] - Operating profit decreased by 29% to $539 million, with an operating margin of 9.7%, down from 12.8% the previous year [3][4] - Adjusted operating profit was $823 million, a 21% decline year-over-year, with an adjusted operating margin of 14.8% [4][8] Segment Performance - Climate Solutions Americas (CSA) reported net sales of $2,711 million, an 8% decrease, with organic sales also down 8% [5][6] - Climate Solutions Europe (CSE) saw a 4% increase in net sales to $1,290 million, although organic sales declined by 3% [7][8] - Climate Solutions Asia Pacific, Middle East & Africa (CSAME) experienced a slight decline in net sales by 1% to $833 million, with organic sales down 2% [9][10] - Climate Solutions Transportation (CST) reported a significant 20% decline in net sales to $745 million, although organic sales increased by 6% [11][12] Cash Flow and Shareholder Returns - Net cash flows from operating activities were $341 million, with free cash flow of $224 million for the quarter [13][27] - The company returned $3 billion to shareholders year-to-date, including $2.4 billion in share repurchases [8][14] - Carrier expects full-year 2025 sales to be approximately $22 billion and adjusted EPS around $2.65 [8][14] Guidance and Future Outlook - Carrier anticipates a revenue headwind of approximately $750 million from the exit of Commercial Refrigeration [14] - The company projects organic sales to be flat for the full year, with adjusted operating margin guidance of 15.0% to 15.5% [14]
Carrier's Board Approves $5 Billion Share Repurchase Authorization
Prnewswire· 2025-10-28 10:00
Core Viewpoint - Carrier Global Corporation has announced a $5 billion share repurchase authorization, reflecting confidence in its strategy and commitment to shareholder value [1]. Summary by Sections Share Repurchase Authorization - The new share repurchase authorization amounts to $5 billion, in addition to the remaining balance of approximately $800 million as of September 30, 2025, bringing the total current repurchase authorization to approximately $5.8 billion [2]. Company Overview - Carrier Global Corporation is a global leader in intelligent climate and energy solutions, focusing on innovations that enhance comfort, safety, and sustainability [4]. - The company has a history of leadership in climate solutions, including temperature control and air quality, and aims to improve lives and empower critical industries [4].
Carrier Third Quarter 2025 Earnings Advisory
Prnewswire· 2025-10-07 20:15
Core Insights - Carrier Global Corporation, a leader in intelligent climate and energy solutions, will announce its Q3 2025 earnings on October 28, 2025, and will host a conference call at 7:30 a.m. ET [1][2] Company Overview - Carrier Global Corporation is dedicated to innovations that enhance comfort, safety, and sustainability, focusing on advancements in climate solutions such as temperature control and air quality [3] - The company has a long history, having invented modern air conditioning in 1902, and continues to prioritize customer-centric solutions through its inclusive workforce [3]
Carrier Honored on Fortune's 2025 Change the World List Changing the World, For the World We Share
Prnewswire· 2025-09-24 14:43
Core Insights - Carrier Global Corporation has been recognized on Fortune's 2025 Change the World list for its positive impact through business strategies [1] Company Overview - Carrier Global Corporation is a global leader in intelligent climate and energy solutions [1]
Carrier to Present at Morgan Stanley's 13th Annual Laguna Conference
Prnewswire· 2025-08-28 20:15
Core Insights - Carrier Global Corporation will participate in the 13th Annual Morgan Stanley Laguna Conference on September 10, 2025, with Chairman & CEO David Gitlin and Senior VP & CFO Patrick Goris speaking [1] Company Overview - Carrier Global Corporation is a global leader in intelligent climate and energy solutions, focusing on innovations that enhance comfort, safety, and sustainability [2] - The company has a history of advancements in climate solutions, including temperature control, air quality, and transportation, aimed at improving lives and ensuring the safe transport of essential goods [2] - Since its inception in 1902, Carrier has been committed to enhancing the quality of life and the environment through its inclusive workforce and customer-centric approach [2]
Carrier Reports Strong Second Quarter 2025 Results
Prnewswire· 2025-07-29 10:05
Core Insights - Carrier Global Corporation reported strong financial results for Q2 2025, with a reaffirmation of its full-year guidance, indicating robust growth and operational efficiency [1][2]. Financial Performance - The company achieved net sales of $6.113 billion, a 3% increase from $5.934 billion in Q2 2024, with organic sales growth of 6% [3][4]. - Adjusted operating profit rose to $1.166 billion, up 10% from $1.056 billion in the previous year, driven by strong organic growth and productivity [4][29]. - The diluted earnings per share (EPS) from continuing operations was $0.70, a 56% increase compared to $0.45 in Q2 2024, while adjusted EPS was $0.92, up 26% from $0.73 [4][29]. Segment Performance - Climate Solutions Americas segment reported net sales of $3.252 billion, a 14% increase, with organic sales growth also at 14%, driven by a 45% increase in Commercial1 sales [6][7]. - Climate Solutions Europe saw a 5% increase in net sales to $1.253 billion, while organic sales remained flat [8][9]. - Climate Solutions Asia Pacific, Middle East & Africa experienced a 2% decline in sales, with organic sales down 4%, primarily due to challenges in the Residential Light Commercial sector in China [10][11]. - Climate Solutions Transportation segment sales declined by 25% to $726 million, impacted by the divestiture of Commercial Refrigeration [13][14]. Cash Flow and Guidance - Net cash flows from operating activities were $649 million, with free cash flow reported at $568 million [16][27]. - The company reaffirmed its full-year 2025 guidance, expecting organic sales growth in the mid-single digits and adjusted EPS growth of approximately 17-21% [17][18].
Carrier Second Quarter 2025 Earnings Advisory
Prnewswire· 2025-07-08 20:15
Core Viewpoint - Carrier Global Corporation, a leader in intelligent climate and energy solutions, is set to release its second quarter 2025 earnings on July 29, 2025, and will host a conference call and webcast at 7:30 a.m. ET [1]. Company Overview - Carrier Global Corporation is recognized for its commitment to innovations that enhance comfort, safety, and sustainability [3]. - The company has a history of advancements in climate solutions, including temperature control, air quality, and transportation, which contribute to improving lives and empowering critical industries [3]. - Since its inception in 1902, Carrier has focused on enhancing the quality of life and the environment through its products and services [3]. - The company prides itself on having a world-class, inclusive workforce that prioritizes customer satisfaction [3].
Carrier Hosts 2025 Investor Day to Showcase Transformed Portfolio and Focused Strategy for Growth and Significant Value Creation
Prnewswire· 2025-05-19 10:30
Core Viewpoint - Carrier Global Corporation is focused on accelerating growth through a transformed portfolio and strategic initiatives aimed at enhancing shareholder value [2][6]. Company Strategy - The leadership team emphasizes a simplified, focused, and balanced portfolio that supports organic growth and margin expansion [2][6]. - The company aims for a medium-term financial framework that targets 6-8% organic sales growth, over 50 basis points of adjusted operating margin expansion, and mid-teens adjusted EPS growth [6][7]. Financial Performance - Carrier has a proven track record of expanding adjusted operating margins, generating strong free cash flow, and increasing adjusted EPS growth [2]. - The company has approximately $15 billion available for capital deployment over the medium-term to enhance shareholder value [6]. Investor Engagement - Carrier is hosting its 2025 Investor Day to share its growth strategies and financial framework with investors [1][3]. - The event is being webcast live, indicating a commitment to transparency and investor communication [1]. Portfolio Transformation - As part of its transformation, Carrier revised its reportable segments to better align with its business strategy and improve management reporting [10]. - The adjusted operating profit measure now excludes restructuring costs and amortization of acquired intangible assets, enhancing clarity for investors [10]. Non-GAAP Financial Measures - Carrier utilizes non-GAAP financial measures such as organic sales, adjusted operating profit, and free cash flow to provide additional insights into its financial performance [12][14]. - These measures are intended to supplement GAAP results and offer a clearer picture of the company's operational efficiency and liquidity [11][14].