Carrier Gb Cp Stock Price, News & Analysis

Carrier Global Corporation (NYSE: CARR) announced a collaboration with Marriott International on Feb. 16, 2022, to innovate hotel technologies. This partnership aims to enhance in-room environments and streamline hotel construction using modular building and IoT solutions. Carrier will form a dedicated team under a multi-year agreement to focus on sustainable construction practices. Both companies emphasize improving guest experiences and operational efficiencies in the hospitality sector.

Carrier Global Corporation (NYSE:CARR) reported robust fourth quarter results, with sales reaching $5.1 billion, up 12% year-over-year, and organic sales rising 11%. Full-year 2021 sales increased 18% to $20.6 billion. The adjusted operating profit for Q4 rose 14% to $517 million, while net income stood at $324 million. The company anticipates solid organic growth in 2022, projecting sales around $20 billion and adjusted EPS of $2.20 to $2.30. Key strategic progress includes the divestiture of Chubb and pending acquisition of Toshiba Carrier Corporation.

Carrier Global Corporation (NYSE: CARR) has signed a binding agreement to acquire Toshiba Corporation's stake in Toshiba Carrier Corporation (TCC), a leading player in variable refrigerant flow (VRF) and light commercial HVAC solutions. This strategic acquisition aims to enhance Carrier's position in the rapidly growing HVAC market and double its sales in the VRF segment. The deal will include TCC's research & development centers, manufacturing operations, and the Toshiba brand, contributing to Carrier's sustainability goals and expanding its product portfolio. Closing is expected by Q3, subject to regulatory approvals.

Carrier Global Corporation (NYSE:CARR) will conduct an in-person investor meeting on February 22, 2022, at its headquarters in Palm Beach Gardens, Florida, starting at 8:30 a.m. ET. The meeting will feature presentations from the executive leadership team, including Chairman & CEO David Gitlin and CFO Patrick Goris, focusing on the company's strategic priorities and growth prospects. A live Q&A session is included, and a webcast of the event will be available on ir.carrier.com for those unable to attend.

Carrier is enhancing its electrification initiatives by partnering with ConMet to introduce wheel-based power generation that captures energy lost during braking. This collaboration aligns with Carrier's goal of providing zero-emission transport refrigeration solutions for trailers, trucks, and light commercial vehicles by the end of 2022. The strategic alliance supports Carrier's ESG objectives, aiming to reduce carbon emissions significantly. ConMet's technology, combined with Carrier's systems, promises to deliver a sustainable, zero-emissions solution in the commercial vehicle sector.

Carrier Global Corporation (NYSE:CARR) will announce its fourth quarter 2021 earnings on February 8, 2022, at 8:30 a.m. ET, followed by a conference call and webcast. Investors and stakeholders can listen to the call by dialing (877) 742-9091 or accessing the webcast on the carrier investor relations page. Recorded replays will be available from 12:00 p.m. ET on February 8 until February 15, 2022. Carrier continues to emphasize its commitment to innovative building and cold chain solutions, enhancing safety and sustainability.

Marioff has renewed its BluEdge Elite service agreement with Carnival Corporation for an additional five years, focusing on preventive maintenance for HI-FOG water mist fire protection systems installed on 75 cruise ships. This agreement enhances collaboration, ensuring safety for passengers and crew, while optimizing Carnival's maintenance costs. Key components include 24/7 emergency support, crew training, and delivery of original spare parts, strengthening their long-term partnership.

Automated Logic has acquired Integrated Control Systems Inc (ICSI), enhancing its building management solutions. This acquisition enables geographical expansion and the growth of services, creating recurring revenue opportunities. ICSI, established as an Automated Logic dealer in 1996, specializes in automated building controls for various sectors including education and healthcare. The financial terms of the deal remain undisclosed. This strategic move aims to bolster customer value with a focus on sustainability and innovative solutions.