Carrier Gb Cp Stock Price, News & Analysis

Carrier Global Corporation (NYSE: CARR) has announced its inaugural set of Environmental, Social, and Governance (ESG) goals post-independence. The company aims for carbon neutrality by 2030 and plans to reduce customers' carbon footprints by over one gigaton. Carrier will invest more than $2 billion over the next decade to enhance building and cold chain solutions. Key goals include establishing a responsible supply chain, achieving gender parity in leadership, and maintaining world-class safety metrics.

Carrier Global Corporation (NYSE:CARR) will participate in the Credit Suisse 8th Annual Virtual Industrials Conference on December 3 at 1:50 p.m. Eastern Time. The event features insights from Dave Gitlin, President & CEO, and Patrick Goris, CFO. It will be available for live streaming at ir.carrier.com, with a replay accessible afterward. Carrier is a leader in sustainable building and cold chain solutions, dedicated to innovation and customer satisfaction.

Carrier Global Corporation (NYSE: CARR) announced that its OptiClean™ Dual-Mode Air Scrubber & Negative Air Machine has been recognized in TIME's 100 Best Inventions of 2020. Developed rapidly to aid hospitals during the pandemic, OptiClean enhances indoor air quality in various environments by using a HEPA filter to scrub air and reduce contaminants. This innovation is part of Carrier's Healthy Buildings Program aimed at providing safer and cleaner indoor environments. The recognition emphasizes Carrier's commitment to creating effective and sustainable solutions amid public health challenges.

Carrier Global Corporation (NYSE: CARR) reported solid third-quarter results, achieving sales of $5 billion—a 4% increase year-over-year. Growth was notably driven by a 46% surge in North American residential HVAC demand. GAAP operating profit rose 72% to $1.08 billion, with adjusted operating profit up 6% to $867 million. The company raised its full-year sales outlook to approximately $17.3 billion and projected free cash flow of $1.5 billion. Strong cash flow is expected to facilitate a $1.5 billion debt reduction in Q4 2020.

Carrier Global Corporation has introduced new Carrier Pods monitored by Sensitech to enhance cold storage solutions for COVID-19 vaccine distribution. This innovative technology combines advanced refrigeration with cargo monitoring to ensure vaccine integrity. The Pods offer flexibility for pharmaceutical companies and comply with regulatory standards. The Lynx digital platform will enhance connectivity, providing real-time data analytics and remote monitoring capabilities. This solution is part of Carrier's broader Cold Chain Program aimed at supporting the distribution of essential pharmaceuticals.

Carrier has been awarded an HVAC modernization project for the One Court Square building in Long Island City, NY, managed by Cushman & Wakefield. The project includes installing two 1,100 ton AquaEdge® 19XR-E Water-Cooled Centrifugal Chillers and a new Carrier i-Vu® Building Automation System. This upgrade is expected to save up to 20% in energy costs annually and enhance air quality and occupant comfort. Carrier, a part of Carrier Global Corporation (NYSE: CARR), specializes in sustainable building solutions.

Carrier Global Corporation (NYSE: CARR) announced the appointment of Patrick Goris as Senior Vice President & Chief Financial Officer, effective November 16, 2020, succeeding Timothy McLevish, who will remain as Special Advisor until his retirement on February 15, 2021. Goris, with over 20 years in finance and prior role as CFO at Rockwell Automation, aims to drive Carrier's growth strategy. McLevish highlights the company’s strong performance and readiness for the transition, noting their positive trajectory amid an unprecedented external environment.

Carrier Global Corporation (NYSE: CARR) declared a quarterly dividend of $0.08 per share, payable on November 23, 2020, to shareholders of record as of October 30, 2020. The company emphasizes its commitment to sustainability and innovation in building and cold chain solutions, aiming to improve global safety and comfort. The announcement highlights ongoing financial stability amid various market conditions and uncertainties, including the COVID-19 pandemic and economic fluctuations.