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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 start of 2025, compared with a roughly 15% gain 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].