Carrier Gb Cp Stock Price, News & Analysis

Carrier Global Corporation (NYSE: CARR) has reported strong momentum for its newly launched BluEdge service platform, securing over 300 service agreements across three business segments within six weeks. The HVAC segment alone accounted for more than 200 agreements, while refrigeration contracts covered over 900 refrigerated units in North America. The platform offers a tiered-service model, including Core, Enhance, and Elite options to cater to various customer needs. Notably, the Marioff Marine division won a multiyear service contract for the world’s largest heavy lift vessel, showcasing the platform's capabilities.

Carrier Global Corporation (NYSE:CARR) reported second quarter sales of $4.0 billion, a 20% decline from last year, primarily due to COVID-19 impacts. The GAAP operating profit was $442 million, down 45%, with adjusted operating profit at $476 million, a 42% decrease. Despite these declines, the company achieved free cash flow of $463 million, representing 177% of net income. Carrier has revised its full-year 2020 outlook upwards, projecting sales between $15.5 to $17.0 billion and adjusted operating profit of $1.8 to $2.0 billion, indicating a focus on strategic recovery and investment.

On July 23, 2020, LenelS2 announced its enhanced solutions within Carrier's Healthy Buildings Program, aiming to optimize building health and efficiency. These solutions include Touchless Access with BlueDiamond technology, Occupancy Management, and Proactive Screening Solutions. Designed for businesses and schools reopening post-pandemic, these tools support safe entry and occupancy management, ensuring healthier environments. LenelS2 seeks to empower organizations with customized packages aligned with their specific operational needs across various industries.

Carrier Global Corporation (NYSE: CARR) has launched a webinar series titled A Healthier Future Starts Indoors, in collaboration with Dr. Joseph Allen from Harvard, focusing on ensuring safe building operations amid COVID-19. The series will address various sectors including education and healthcare, with practical guidelines for reopening. Carrier emphasizes the importance of healthy indoor environments for long-term health benefits, highlighting their expertise in optimizing HVAC and safety systems. The first session is set for July 21, 2020.

Kidde, part of Carrier Global Corporation (CARR), has launched an awareness campaign for Pet Fire Safety Day to educate pet owners about keeping their pets safe from home fires. Each year, 500,000 pets suffer from smoke inhalation, with 40,000 fatalities attributed to such incidents. The campaign emphasizes the importance of pet training, providing window clings for emergency responders, including pets in fire escape plans, and ensuring smoke alarms are functional. To support this initiative, Kidde is offering 25% off online orders through July 31, 2020.

Carrier Global Corporation (NYSE: CARR) announced the launch of Carrier Alliance, a program aimed at optimizing its supply chain by enhancing relationships with suppliers. This initiative is expected to provide growth opportunities and cost savings, contributing to the company's $600 million cost-saving target over three years. The Alliance will facilitate long-term engagements with suppliers, minimizing risks in the supply chain while enabling Carrier to focus on R&D and digital solutions.

Carrier announced the launch of the OptiClean™ 1500-cfm Dual-Mode Air Scrubber & Negative Air Machine, designed for improving indoor air quality in K-12 schools. This new model follows the previously launched 500-cfm unit and is aimed at larger spaces such as libraries and gyms. Both units utilize a HEPA filter to remove contaminants with over 99.97% efficiency, aligning with ASHRAE school reopening recommendations. These portable units help reduce the spread of diseases like COVID-19, making them suitable for classrooms and public spaces.

Carrier Global Corporation (NYSE: CARR) announced the launch of its new service platform, BluEdge, aimed at enhancing service offerings across HVAC, Refrigeration, and Fire & Security segments. The BluEdge platform features a tiered model with options including Core, Enhance, and Elite services, providing customizable and comprehensive solutions to maximize uptime and performance. The initial rollout targets select businesses with a broader launch anticipated in late 2020, reflecting Carrier's commitment to innovation and improving customer value through connected technology.

Carrier Global Corporation (NYSE:CARR) is implementing solutions to enhance indoor air quality (IAQ) as New York malls prepare for reopening amid COVID-19. Their offerings include Safe Start Service for HVAC recommissioning and the OptiClean air scrubber for improved filtration. Carrier aims to ensure compliance with new air filtration guidelines, enhancing the safety of indoor environments. The company also provides various filtration technologies, such as HEPA and UVC light devices, supporting businesses in creating healthier spaces.