Carrier Gb Cp Stock Price, News & Analysis

Carrier Global Corporation (NYSE: CARR) has initiated a $500 million accelerated share repurchase (ASR) agreement with Goldman Sachs. This buyback is financed through proceeds from the Chubb business sale, part of a broader $1.6 billion repurchase program. The initial payment will allow the company to acquire approximately 7.6 million shares immediately, with final share counts determined by market conditions. This strategy reflects Carrier's commitment to enhancing shareholder value and indicates strong confidence in its long-term strategy.

Carrier Global Corporation (NYSE: CARR) has finalized the sale of its Chubb fire and security business to APi Group Corporation (NYSE: APG) for an enterprise value of $3.1 billion. This strategic sale allows Carrier to concentrate on its core operations and utilize the proceeds for growth initiatives, dividends, and share buybacks while maintaining a strong credit rating. The Chubb fire and security products business remains part of Carrier's portfolio. Carrier's CEO highlighted that the sale enhances growth, margin, and free cash flow.

APi Group Corporation (NYSE: APG) has successfully completed the acquisition of Chubb's fire and security business from Carrier Global Corporation (NYSE: CARR) for an enterprise value of $3.1 billion. This strategic move aims to enhance APi's position as a global leader in life safety services, with a focus on recurring revenue. Chubb, employing approximately 13,000 globally, operates in 17 countries, serving over 1.5 million customer sites. The acquisition is expected to drive revenue growth through cross-selling opportunities and synergies.

Carrier Global Corporation (NYSE: CARR) announced that director John V. Faraci will not seek re-election at the Annual Meeting on April 14, 2022. Faraci, who joined the board post the company's separation from United Technologies in April 2020, has been pivotal in transitioning Carrier to an independent public company. CEO Dave Gitlin praised Faraci's leadership and mentorship during his tenure. Faraci expressed confidence in Carrier's future growth under the current board and management.

Carrier Global Corporation (NYSE: CARR) announced that its Center for Intelligent Buildings in Palm Beach Gardens, Florida, has earned the WELL Platinum Certification, becoming the first commercial building in Florida to achieve this accolade. The facility, which is 224,000 square feet, also holds LEED Platinum certification, making it one of only six buildings in the U.S. with both designations. This underscores Carrier's commitment to health, sustainability, and innovative building solutions, demonstrating enhanced indoor air quality and employee well-being through advanced digital technologies.

Carrier Global Corporation (NYSE:CARR) has announced a quarterly dividend increase of $0.15 per share, marking a 25% rise from the previous dividend. This dividend will be paid on February 10, 2022, to shareholders recorded by December 23, 2021. Chairman & CEO Dave Gitlin highlighted the company's strong cash flow and improved balance sheet, indicating confidence in its financial strength and future outlook. The increase reflects a commitment to a balanced capital allocation strategy.

Carrier has achieved zero waste to landfill certification for its Indianapolis manufacturing site, a significant milestone as part of its 2030 Environmental, Social and Governance (ESG) goals. This facility is the first of Carrier Global Corporation (NYSE: CARR) to reach this designation, ensuring that waste is converted to energy and other uses. The company aims for all 50+ global manufacturing sites to achieve this status, contributing to sustainability initiatives such as carbon neutrality and a 10% reduction in energy intensity. The site partnered with Heritage Interactive Services to facilitate this achievement.

Carrier Global Corporation (NYSE: CARR) has joined the Amazon Web Services (AWS) Partner Network (APN) as part of its digital transformation strategy. This partnership enables Carrier to expand its reach and customer engagement through AWS's support. Carrier will leverage its partnership to offer innovative digital solutions like the smart building platform Abound and the Lynx cold chain operations platform. Both platforms aim to enhance transparency, connectivity, and data insights for customers in various sectors.

Carrier Global Corporation (NYSE:CARR) announced that its Senior VP and CFO, Patrick Goris, will speak at the Stephens Investment Conference on December 2, 2021, at 1:00 p.m. ET. The event will be broadcast live on ir.carrier.com, and a replay will be available afterward. Carrier is a leading provider of healthy, safe, sustainable, and intelligent building solutions, committed to innovation and customer service for a sustainable future.