Carrier Gb Cp Stock Price, News & Analysis

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.

Kidde, a leader in fire safety, unveiled its new Smoke + Carbon Monoxide Alarm with smart features and an integrated mobile app, enhancing home safety through Wi-Fi connectivity. This innovative system allows users to convert existing hardwired Kidde alarms into smart devices, providing real-time alerts and notifications via mobile. Key features include double detection for smoke and carbon monoxide, a 10-year battery guarantee, voice control compatibility, and the ability to notify others in case of emergencies. This launch supports Carrier Global Corporation's Healthy Homes initiative.

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.