Welcome to our dedicated page for Carrier Gb Cp news (Ticker: CARR), a resource for investors and traders seeking the latest updates and insights on Carrier Gb Cp stock.
Carrier Global Corporation (NYSE: CARR) delivers innovative climate and energy solutions through its HVAC, refrigeration, and building technologies. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments, financial performance, and strategic initiatives.
Access official press releases covering earnings announcements, product launches, sustainability milestones, and partnership agreements. Our curated collection enables efficient tracking of Carrier’s portfolio optimization efforts and technological advancements in intelligent building systems.
Discover updates across three core areas: quarterly financial results, energy efficiency innovations, and global market expansions. Content is sourced directly from company communications to ensure accuracy and timeliness while maintaining regulatory compliance.
Bookmark this page for streamlined access to Carrier’s latest operational updates. Combine these resources with market analysis tools to inform your understanding of this industrial technology leader’s evolving position.
Carrier announced its acquisition of Viessmann Climate Solutions for €12 billion, which includes significant cash and stock components. This strategic move aims to position Carrier as a premier player in the climate and energy transition market in Europe, where the heat pump segment is projected to triple to $15 billion by 2027. The acquisition enhances Carrier's portfolio, leading to greater growth opportunities and operational synergies. As part of this transformation, Carrier plans to exit its Fire & Security and Commercial Refrigeration divisions, streamlining operations and reducing complexity. The deal is expected to close by the end of 2023, subject to regulatory approvals, and will yield cost synergies of approximately €200 million. Carrier also projects modestly dilutive effects on adjusted EPS in 2024, but accretive thereafter.
Carrier Global Corporation (NYSE:CARR) reported a robust financial performance for Q1 2023, revealing a 13% increase in net sales compared to Q1 2022, totaling $5.3 billion. Organic sales rose 4%, with strong growth in commercial HVAC and controls. However, net income dropped 68% from the previous year to $373 million, while adjusted net income was $442 million. GAAP EPS stood at $0.44, with adjusted EPS at $0.52. The company generated $120 million in net cash from operations and achieved $50 million in free cash flow. Carrier reaffirmed its full-year 2023 guidance, expecting sales around $22 billion, adjusted EPS between $2.50 - $2.60, and free cash flow of $1.9 billion.
Carrier Global Corporation (NYSE: CARR) announced a quarterly dividend of $0.185 per share, payable on May 24, 2023, to shareholders on record by May 5, 2023. This payout reflects the company's commitment to providing value to its shareholders while maintaining a focus on healthy, safe, sustainable, and intelligent solutions for building and cold chain systems. Carrier continues to navigate industry challenges while delivering on its promise of innovation and customer-centric service.
FAQ
What is the current stock price of Carrier Gb Cp (CARR)?
What is the market cap of Carrier Gb Cp (CARR)?
