Welcome to our dedicated news page for Carrier Global Corporation (Ticker: CARR), a resource for investors and traders seeking the latest updates and insights on Carrier Global Corporation.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Carrier Global Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Carrier Global Corporation's position in the market.
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Alat and Carrier Global Corporation announced a partnership to build a cutting-edge manufacturing and R&D facility in Saudi Arabia, creating over 5,000 local jobs. The facility will focus on delivering advanced HVAC solutions to serve the Kingdom and its visionary projects like NEOM, tapping into a growing market expected to reach $10 billion in the MENA region by 2030.
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Carrier Global Corporation (CARR) executives to speak at Barclays Industrial Select Conference on February 22, 2024.
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Carrier Global Corporation (CARR) reported strong financial results for the fourth quarter and full year of 2023, with sales of $5.1B in Q4, $22.1B for the full year, and an outlook for 2024 projecting sales of ~$26.5B. The company saw an increase in operating margin and adjusted EPS, along with growth in net cash flow and free cash flow. The positive financial results are expected to be supported by solid organic growth, innovation, and secular tailwinds in 2024.
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Carrier Global Corporation (CARR) is set to release its fourth quarter 2023 earnings on February 6, 2024. The company will host a conference call and webcast at 7:30 a.m. ET, with the webcast and presentation available at ir.carrier.com. Participants can pre-register for the earnings call and will receive dial-in information and a PIN for access. A recording will be archived for replay later on the site.
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Carrier Global Corporation (NYSE: CARR) completes acquisition of Viessmann Climate Solutions, marking a significant milestone in the company's transformation as the global leader in intelligent climate and energy solutions. The transaction adds a premier brand with a differentiated direct-to-installer channel model and a key leading provider of highly efficient and renewable climate solutions to Carrier's existing portfolio. Thomas Heim, previously leading Viessmann Climate Solutions, will now lead Carrier RLC HVAC in Europe, the Middle East, and Africa, positioning Carrier in the fast-growing Residential and Light Commercial (RLC) space in Europe. Max Viessmann, CEO of Viessmann Group, joins Carrier's Board of Directors.
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Carrier Global Corporation (CARR) has received approval from the European Commission to proceed with its proposed acquisition of Viessmann Climate Solutions, with the transaction expected to close on January 2, 2024. This acquisition will provide Carrier with a comprehensive and differentiated suite of sustainable climate technologies and services in the industry's fastest growing segments and geographies.
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Haier Smart Home (NYSE: CARR) has entered into a stock purchase agreement with Carrier Global Corporation to acquire Carrier's Commercial Refrigeration Business for approximately USD 640 million. This acquisition will enable Haier Smart Home to expand into the commercial refrigeration business, creating additional growth opportunities. The transaction is expected to close in the second half of 2024, subject to regulatory approvals and customary closing conditions.
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Carrier Global Corporation (CARR) has entered into a definitive agreement to sell its global commercial refrigeration business to Haier (600690) for an enterprise value of $775 million, including $200 million of net pension liabilities.
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Carrier Global Corporation (CARR) has entered into a definitive agreement to sell its security business, Global Access Solutions, to Honeywell (HON) for an enterprise value of $4.95 billion. The sale represents approximately 17x 2023 expected EBITDA and is a part of Carrier's portfolio transformation strategy. The net proceeds from the transaction are expected to be approximately $4 billion, which Carrier plans to use to pay down debt and resume share repurchases as soon as its net leverage returns to approximately 2x EBITDA.
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Honeywell (HON) announced the acquisition of Carrier Global Corporation's (CARR) Global Access Solutions business for $4.95 billion in an all-cash transaction. The purchase price represents approximately 13x 2023E EBITDA, inclusive of tax benefits and run-rate cost synergies. The acquisition will enhance Honeywell's building automation capabilities, strengthening its strategic alignment to the megatrend of automation and will be immediately accretive to growth, gross margins, and operating margins. By the fifth full year of ownership, the acquisition is expected to achieve a double-digit cash-ROIC.
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Carrier Global Corporation
NYSE:CARR
CARR Rankings
CARR Stock Data
55.40B
837.52M
6.64%
86.05%
1.57%
Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing
Manufacturing
United States of America
PALM BEACH GARDENS
About CARR
pratt & whitney, a united technologies corp. company (nyse:utx), is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units. pratt & whitney's large commercial engines power more than 25 percent of the world's mainline passenger fleet. the company continues to develop new engines and work with its partners in international aero engines and the engine alliance to meet airline customers' future needs. pratt & whitney has built a long and distinguished record of providing top-of-the-line engines to 29 armed forces around the world. our military engines power front line fighters, such as the f-15 eagle, f-16 fighting falcon, f-22 raptor and f-35 lightning ii, as well as the c-17 globemaster iii military transport and boeing's kc-46, the u.s. air force's new airlift tanker. pratt & whitney canada has produced more than 75,000 engines, of which there are currently more than 49,000 engines in service on more than 28,000 aircraft operated by more th