Quarter Details Fire & Security revenues of $871 million were down 6.5% year over year and contributed 13% to net sales. The reported figure missed the consensus mark by 4.70%. Carrier Global (CARR) reported second-quarter 2024 adjusted earnings of 87 cents per share, which surpassed the Zacks Consensus Estimate by 2.35%. The figure increased 10.1% year over year. Product sales (89.8% of net sales) of $6 billion increased 12.1% year over year. Service sales (10.2% of net sales) of $685 million were up 7.5% ...

Carrier Global Corporation (NYSE:CARR) Q2 2024 Earnings Conference Call July 25, 2024 7:30 AM ET Company Participants Sam Pearlstein - Vice President of Investor Relations, CFO, Fire & Security Segment David Gitlin - Chairman & Chief Executive Officer Patrick Goris - Senior Vice President & Chief Financial Officer Conference Call Participants Andrew Kaplowitz - Citigroup Jeffrey Sprague - Vertical Research Partners Julian Mitchell - Barclays Noah Kaye - Oppenheimer Joseph Ritchie - Goldman Sachs Nigel Coe - ...

1. See appendix for additional information regarding non-GAAP measures Carrier-branded AC units sold through Viessmann channel and order of 4,000 Beretta-branded units placed through the Viessmann channel Residential #1 Scale best-in-class technologies and operations to drive differentiated platforms and performance Highlights 1. See appendix for additional information regarding non-GAAP measures 2. Excludes NORESCO July 25, 2024 This communication contains statements which, to the extent they are not state ...

For the quarter ended June 2024, Carrier Global (CARR) reported revenue of $6.69 billion, up 11.6% over the same period last year. EPS came in at $0.87, compared to $0.79 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $7.05 billion, representing a surprise of -5.13%. The company delivered an EPS surprise of +2.35%, with the consensus EPS estimate being $0.85. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...

| --- | --- | --- | --- | |--------------------------------------------------|-------|-----------------|---------------------| | (In millions) | | June 30, \n2024 | December 31, \n2023 | | Assets | | | | | Cash and cash equivalents | $ | 2,919 $ | 10,015 | | Accounts receivable, net | | 3,187 | 2,481 | | Contract assets | | 333 | 306 | | Inventories, net | | 3,045 | 2,217 | | Assets held for sale | | 1,601 | 3,314 | | Other current assets | | 488 | 447 | | Total current assets | | 11,573 | 18,780 | | Future ...

Ahead of this earnings release, the estimate revisions trend for Carrier Global: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The sustainability of the stock's immediate price movement base ...

Carrier Reports Strong Second Quarter 2024 Results PALM BEACH GARDENS, Fla., July 25, 2024 – Carrier Global Corporation (NYSE:CARR), global leader in intelligent climate and energy solutions, today reported strong financial results for the second quarter of 2024 and reaffirmed its full year earnings guidance. Exhibit 99 "Carrier delivered another quarter of strong financial performance, while making great progress with our portfolio transformation," said Carrier Chairman & CEO David Gitlin. "We delivered so ...

PALM BEACH GARDENS, Fla., July 9, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, will release its second quarter 2024 earnings on Thursday, July 25, 2024 and host a conference call and webcast at 7:30 a.m. ET. About Carrier CARR-IR Contact: 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 ...

Net proceeds of approximately $1.1B expected to be used to pay down debt Global Commercial Refrigeration sale expected to close by the end of Q3 Sale process of Commercial and Residential Fire progressing as expected PALM BEACH GARDENS, Fla., July 2, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced it has completed the sale of its Industrial Fire business to Sentinel Capital Partners for an enterprise value of $1.425 bil ...

Company Overview - Spectrum is a leading manufacturer of industrial fire detection and suppression products, serving critical infrastructure, marine, clean energy, and other industrial markets in over 20 countries [2][4] - The company operates under four recognized brands: Det-Tronics, Marioff, Autronica, and Fireye, and has approximately 1,400 employees globally with manufacturing facilities in the US, Norway, and Finland [2][4] Acquisition Details - Sentinel Capital Partners acquired the industrial fire business from Carrier Global Corporation for an enterprise value of $1.425 billion, creating a new standalone platform named Spectrum Safety Solutions [8] - This acquisition marks Sentinel's eighth corporate carveout, showcasing its experience in the industrial sector [9] Strategic Focus - The partnership with Sentinel is expected to sharpen Spectrum's business focus, dedicate additional resources to its leading brands, and accelerate growth [3][6] - Spectrum's management team is recognized for its talent and is anticipated to leverage growth opportunities under Sentinel's support [6]