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Carrier Global Corporation reports developments across intelligent climate and energy solutions, including HVAC equipment, air quality, temperature control and transportation refrigeration. Company news commonly covers operating results, order trends, shareholder returns, sustainability recognition and presentations at industrials conferences.
Recurring updates also include Carrier Ventures activity tied to thermal management, data center liquid cooling and European heat pump adoption. The company’s releases describe product and service themes across commercial and residential climate systems, transportation cold chain applications, and energy-efficient building and infrastructure solutions.
Carrier Global Corporation (NYSE: CARR) has declared a quarterly dividend of $0.12 per share, payable on August 10, 2021, to shareholders on record as of June 24, 2021. This announcement highlights Carrier's commitment to returning value to its shareholders. The company positions itself as a leader in providing sustainable building and cold chain solutions, aiming for long-term growth and stability in fluctuating market conditions.
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Carrier has successfully acquired a controlling stake in Guangdong Giwee Group and its subsidiaries, including Guangdong Chigo Heating & Ventilation Equipment Co., Ltd, enhancing its presence in the growing variable refrigerant flow (VRF) and light commercial market projected to reach $20B by 2025. The strategic acquisition aligns with Carrier's goals to expand its geographic footprint and leverage Giwee Group's strengths in HVAC solutions. Completion of the acquisition is anticipated in Q3 2021, subject to regulatory approvals.
Carrier Global Corporation (NYSE:CARR) will participate in a virtual Wolfe Research Global Transportation and Industrials Conference on May 25, 2021, at 11:10 a.m. ET. Senior VP and CFO Patrick Goris is set to speak during the event. The conference will be streamed live on ir.carrier.com, with a replay accessible afterward. With a commitment to sustainable building and cold chain solutions, Carrier aims to enhance safety and comfort worldwide.
Carrier Global Corporation (NYSE: CARR) announced that LU-VE Group has joined its Carrier Alliance program through a strategic long-term agreement. This partnership will allow LU-VE Group to supply engineered components such as heat exchangers and glass doors for Carrier's Commercial HVAC and Refrigeration portfolios. The collaboration aims to enhance heat exchanger technology and focus on sustainable refrigerant solutions. Carrier's Alliance program intends to optimize the supply chain, driving cost savings and growth opportunities for both companies.
Carrier Global Corporation (NYSE:CARR) will participate in the Goldman Sachs 2021 Industrials & Materials Virtual Conference on May 11, 2021, at 1:50 p.m. ET. The event will feature comments from Chairman & CEO Dave Gitlin and SVP & CFO Patrick Goris. Interested parties can listen to the live broadcast at ir.carrier.com, with a replay available afterwards. Carrier focuses on providing healthy, safe, and sustainable building and cold chain solutions, fostering innovation for a better future.
Carrier Global Corporation (NYSE: CARR) reported a strong first quarter of 2021 with sales reaching $4.7 billion, marking a 21% year-over-year increase. The growth was driven by a 48% surge in North American residential HVAC and positive trends in transport refrigeration and commercial HVAC. Operating profit rose 82% to $571 million, with adjusted net income at $427 million. Carrier updated its full-year outlook, projecting sales growth of 7% to 10% and adjusted EPS of $1.95 to $2.05. The company remains focused on strategic growth initiatives and expanding its service offerings, particularly with the acquisition of Guangdong Giwee Group.
Carrier Global Corporation (NYSE: CARR) launched Abound, a new cloud-native digital platform designed to enhance indoor environment health and safety. This platform provides real-time data on air quality and building performance, optimizing conditions for occupants. It integrates seamlessly with existing systems without requiring upgrades, and benchmarks against the WELL Building Standard. Abound is currently piloted across various sectors, including commercial and educational buildings. Carrier emphasizes its commitment to digital innovation with this comprehensive platform aimed at improving user experience and operational transparency.
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Carrier, a leader in HVAC solutions, has launched BluEdge™ Digital, a new service tier enhancing its existing BluEdge service platform. This digital offering connects customer equipment to Carrier's IoT platform, providing advanced analytics and insights to improve machine health and life cycles. The BluEdge Digital tiers include features like real-time monitoring, prioritized alerts, and vibration analysis through a partnership with Augury. The service aims to reduce unplanned maintenance costs and deliver customized digital solutions across sectors such as healthcare and hospitality.