Welcome to our dedicated page for Carrier Gb Cp news (Ticker: CARR), a resource for investors and traders seeking the latest updates and insights on Carrier Gb Cp stock.
Carrier Global Corporation (NYSE: CARR) is described as a global leader in intelligent climate and energy solutions, and its news flow reflects that focus. Company announcements highlight climate solutions spanning temperature control, air quality and transportation, as well as building-management and connected cold chain technologies. Investors and observers following CARR news can see how Carrier communicates its strategy, portfolio actions and technology developments over time.
Recent news has included updates on next-generation rooftop heat pump technology participating in the U.S. Department of Energy’s Commercial Building HVAC Technology Challenge, with commercial field trials and independent testing by organizations such as Oak Ridge National Laboratory and the National Renewable Energy Laboratory. Other releases describe strategic investments by Carrier Ventures in areas like wireless IoT connectivity and vessel network technology to support real-time container visibility at sea, reinforcing the company’s emphasis on intelligent, connected cold chain solutions.
Carrier’s news feed also covers portfolio management and capital allocation decisions, such as a definitive agreement to sell its Riello business to Ariston Group, share repurchase authorizations approved by the Board of Directors and dividend declarations and increases. In addition, there are announcements about participation in investor conferences and acquisitions within its building-management activities, such as Automated Logic Contracting Services, Inc. acquiring assets of CCG Automation, Inc. to expand its building automation presence.
By reviewing the CARR news page, readers can track how Carrier presents its financial performance, including quarterly results furnished via press releases, as well as how it advances its climate and energy solutions strategy. The news stream provides context on developments in commercial HVAC, transportation climate solutions, building automation and corporate actions that shape the company’s long-term direction.
On July 27, 2021, Carrier Global Corporation's Board approved a $1.75 billion stock repurchase program, increasing its total buyback authorization to approximately $2 billion. This initiative is part of its capital allocation strategy aimed at enhancing shareholder value while positioning the company for growth. Following the completion of the Chubb sale, which generated $3.1 billion, Carrier reported holding $2.6 billion in cash as of June 30. The company plans to discuss further details in its earnings call on July 29, 2021.
Carrier Global Corporation (CARR) reported strong Q2 2021 results with sales of $5.4 billion, a 37% increase year-over-year. Organic sales rose 31%, driven by solid performance across commercial HVAC, transport refrigeration, and Fire & Security segments. Net income reached $487 million, with adjusted EPS of $0.64. The company raised its full-year sales growth forecast to 14%-16% and adjusted EPS to $2.10-$2.20, indicating positive momentum. Free cash flow is projected at $1.9 billion, enhancing shareholder value.
Carrier Global Corporation (NYSE:CARR) has announced a change in the schedule for its second quarter earnings call, now set for July 29, 2021, at 8:30 a.m. ET. The earnings will be discussed along with details regarding the sale of Chubb. Interested parties can access the webcast and presentation via ir.carrier.com. A replay of the earnings call will be available from 12:00 p.m. ET on July 29 until 12:00 p.m. ET on August 5, 2021.
Carrier Global Corporation (NYSE: CARR) has announced the sale of its Chubb fire and security business to APi Group Corporation (NYSE: APG) for an enterprise value of $3.1 billion. The transaction allows Carrier to focus on its core operations and redeploy proceeds towards growth initiatives, dividends, and share repurchases. The sale, which is subject to regulatory approvals, is expected to finalize in late Q4 2021 or early Q1 2022. Carrier asserts that its global fire and security products business remains integral to its strategy for sustainable building solutions.
Carrier Global Corporation (NYSE:CARR) will be represented by Senior VP & CFO Patrick Goris at the 2021 Jefferies Virtual Industrials Conference on August 4, 2021, at 9:00 a.m. ET. The conference will be available for live viewing on ir.carrier.com, with a replay accessible afterward. Carrier is committed to providing sustainable and intelligent solutions, enhancing safety and comfort globally. For more details, visit www.Corporate.Carrier.com.
The news release issued by ECIMOS on July 19, 2021, regarding Carrier Global, the largest air conditioner manufacturer, has been officially retracted. Journalists and readers are advised to disregard the contents of this release, indicating that the information may not be accurate or relevant.
Carrier Global faces significant legal challenges after being found in contempt of a court's Permanent Injunction order regarding software use, stemming from a 2015 lawsuit by ECIMOS, LLC.
ECIMOS previously won $7.5MM in damages, while Carrier is now liable for an additional $11.75MM in criminal sanctions and $14.66MM in profit disgorgement damages. CEO David Gitlin and Corporate Representative J.C. Stewart could face prison sentences for non-compliance. Investors should be aware of potential impacts on CARR stock performance.
Carrier Global Corporation (NYSE: CARR) has appointed Timothy N. White as President of the Refrigeration segment, effective August 16, 2021. He succeeds David Appel, who will focus on the Commercial Refrigeration business. White, previously CEO at General Electric's Onshore Wind Americas, brings extensive leadership experience in electrification and sustainability. CEO Dave Gitlin emphasized the company's strategy to lead in providing intelligent cold chain solutions. White expressed enthusiasm for driving sustained growth within the Refrigeration segment.
Carrier Global Corporation (NYSE:CARR) will announce its second quarter 2021 earnings on July 29, 2021, at 9:00 a.m. ET. A conference call and webcast will follow, available at ir.carrier.com. Phone participants can join by dialing (877) 742-9091. Replay options will be available starting 12:00 p.m. ET on the same day until August 5, 2021. Carrier is a leader in building and cold chain solutions, focused on sustainability and innovative technologies.
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