Carrier Gb Cp Stock Price, News & Analysis

Carrier Global Corporation (NYSE: CARR) announced the election of Susan N. Story to its Board of Directors, effective January 15, 2023. Story, former CEO of American Water Works, brings extensive experience in finance, operations, and sustainability, which aligns with Carrier's ESG initiatives. Her previous roles include Senior VP and CFO at Southern Company and various director positions at other companies. Carrier aims to drive its sustainability growth strategy further with Story's leadership.

Carrier Global Corporation (NYSE: CARR) has announced investments in three innovative startups—Archilogic, Butlr, and Transaera—aimed at supporting decarbonization and sustainability in building technologies. Through Carrier Ventures, these investments focus on advanced tech that enhances building efficiency and occupant health. Archilogic provides a digital platform for spatial data; Butlr develops a sensing platform to improve energy efficiency; and Transaera creates energy-efficient cooling systems. Carrier plans to invest over $2 billion by 2030 as part of its commitment to reduce carbon footprints.

Carrier Global Corporation (NYSE:CARR) will be represented by Chairman & CEO David Gitlin at the 10th Annual Morgan Stanley Laguna Conference on September 14, 2022, at 3:50 p.m. ET. The event aims to discuss the company's initiatives in healthy and sustainable building solutions. The conference will be accessible via live webcast at ir.carrier.com, with a replay available post-event. Carrier continues to lead in innovation within the industry, enhancing customer focus and sustainability.

Carrier Global Corporation (NYSE:CARR) has announced a partnership with NFL quarterback Russell Wilson to enhance its Abound Ventures™ platform, focusing on sustainable indoor air quality solutions. The collaboration will promote Carrier's line of air purifiers designed to reduce carbon emissions and improve health in various environments, including homes and commercial buildings. Wilson's involvement aims to raise awareness of the importance of indoor air quality among consumers. This initiative aligns with Carrier's commitment to providing safe and healthy building solutions.

Carrier has launched its EcoHome Program to promote energy-efficient HVAC solutions amid the Inflation Reduction Act's incentives. The program offers consumers low-rate financing, potentially saving up to $3,750 through federal programs and Carrier Cool Cash. Carrier will invest $2 billion by 2030 to enhance energy-efficient technologies, with its Collierville, Tennessee facility becoming a Center of Excellence for heat pump production. This initiative aims to significantly reduce emissions and improve sustainability for homeowners.

Carrier Global Corporation (NYSE: CARR) has successfully acquired substantially all of Toshiba's ownership stake in Toshiba Carrier Corporation (TCC) for approximately $900 million. This acquisition enhances Carrier's capabilities in the variable refrigerant flow (VRF) and heat pump markets, which are key for sustainable energy solutions. TCC, which generated $2 billion in sales in 2021, will be integrated into Carrier's Global Comfort Solutions business unit, headquartered in Tokyo. CEO David Gitlin noted the strong growth opportunities this acquisition presents for Carrier.

Carrier Global Corporation (NYSE:CARR) reported a 4% decline in net sales for Q2 2022, totaling $5.2 billion, with organic sales up by 7%. The company raised its full-year adjusted EPS guidance to $2.25 - $2.35, from $2.20 - $2.30. Notably, operating profit increased by 5% year-over-year to $819 million, supported by strong price realization despite supply chain challenges. Carrier is set to finalize its acquisition of Toshiba Carrier Corporation in early August 2022, adding $800 million in incremental sales.

NORESCO, a unit of Carrier Global Corporation (NYSE: CARR), has secured a three-year contract with the California Energy Commission (CEC) to develop the state's 2025 building energy code. This partnership aims to further California's clean energy objectives, with NORESCO leveraging over 15 years of experience in enhancing energy standards. The upcoming code cycle will promote decarbonization and support the installation of 6 million heat pumps by 2030. NORESCO will deliver essential technical expertise to help meet the evolving energy priorities of California's building sector.

Carrier Global Corporation (NYSE: CARR) has partnered with Office Partners XXIII Block G1 LLC to design and operate a high-efficiency heating and cooling plant for the new FNB Financial Center in Pittsburgh. This 26-story, 475,000-square-foot mixed-use tower aims for a targeted LEED Silver rating. Carrier's Cooling-as-a-Service model will enhance energy efficiency and reduce operational costs. Construction is expected to complete by late 2023, positioning the FNB Financial Center as a key development in the Lower Hill District redevelopment.