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Carrier Global Corporation (CARR) Stock News, Feb-Mar 2021

CARR NYSE

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.

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Carrier has launched a new website targeting small-business owners seeking indoor air quality solutions. The site features the OptiClean Air Scrubber for direct purchase. This device effectively cleans air using HEPA filters and is designed for various room sizes, supporting optimal indoor environments. Notably, the OptiClean was recognized by TIME in its 100 Best Inventions of 2020. Carrier aims to simplify access to these technologies for businesses evaluating air quality.

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Carrier Global Corporation (NYSE:CARR) will present at the J.P. Morgan 2021 Industrials Conference on March 16, 2021, at 8:50 a.m. ET. President & CEO Dave Gitlin and CFO Patrick Goris will represent the company. The event will be broadcast live on ir.carrier.com, with a replay available afterward. Carrier is a leading global provider of healthy, safe, and sustainable building solutions, focused on innovation and customer satisfaction.

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Carrier Global Corporation (NYSE: CARR) is partnering with the American Hotel & Lodging Association (AHLA) to refine the Safe Stay Guidelines for the hospitality sector. This initiative aims to enhance air quality, ventilation, and contactless solutions in hotels, aiding the industry's recovery from the pandemic. Carrier will contribute its expertise in healthy building solutions and work collaboratively with industry leaders to create practical guidance for hotel operators. This partnership underscores Carrier's commitment to improving guest health and safety standards.

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Carrier Global Corporation (CARR) and the International WELL Building Institute (IWBI) are collaborating to enhance healthy building practices globally. This partnership aims to accelerate market transformation through education and the adoption of health-oriented building solutions. Carrier has achieved the WELL Health-Safety Rating for its Shanghai factory and offices in major Chinese cities. The initiative is designed to improve indoor environments, critical during the pandemic. Key efforts will include research, new solutions for safe indoor spaces, and policy work to enhance accessibility to healthier residences.

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Carrier Global Corporation (NYSE: CARR) announced that Alfa Laval has joined its Carrier Alliance program through a strategic long-term agreement. This partnership will allow Alfa Laval to supply engineered heat exchangers for Carrier's Commercial HVAC and Refrigeration portfolios globally. The collaboration aims to enhance sustainability and reduce environmental impacts through improved thermal efficiency. This agreement strengthens Carrier's supply chain, driving cost savings and future growth opportunities for both companies.

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Automated Logic has partnered with Valencia College to create a hands-on degree program in Energy Management and Control (EMCT) to tackle the shortage of skilled technicians in the building automation industry. The initiative includes a grant for curriculum development, scholarships, and paid internships to enhance student employability. Automated Logic's president highlighted the need for talent in Florida and plans to expand the program nationally. This collaboration is designed to support a robust talent pipeline in building automation.

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Carrier Global Corporation (NYSE: CARR) will be represented by President & CEO Dave Gitlin and CFO Patrick Goris at the Barclays Industrial Select Conference on February 16, 2021, at 12:50 p.m. EST. The conference will be broadcast live and will allow investors and stakeholders to gain insights into the company's strategies and performance. A replay of the webcast will be available afterward on their website. Carrier is a leading provider of sustainable building and cold chain solutions, emphasizing innovation and a customer-centered approach.

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Carrier Global Corporation (NYSE: CARR) reported 2020 results with sales of $17.5 billion, a 6% decline, and a GAAP operating profit of $3.1 billion, up 24%. The company experienced strong performance in North American residential HVAC in Q4, contributing to a sales growth of 2% year-over-year. For 2021, Carrier forecasts 6-8% sales growth, 13.5% adjusted operating margin, and adjusted EPS between $1.85 and $1.95. Additionally, a $350 million share repurchase program was authorized by the Board to enhance shareholder value.

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Carrier has launched its first e-commerce website, CarrierAtHome.com, allowing consumers to purchase indoor air quality products. The site features Carrier's new room air purifiers, which capture over 99% of airborne contaminants. These purifiers come in two sizes, suitable for rooms up to 400 and 550 square feet. Additionally, customers can find replacement filters and a quiz to find suitable air quality solutions. Carrier is part of Carrier Global Corporation (NYSE: CARR), focusing on providing sustainable building solutions.

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FAQ

What is the current stock price of Carrier Global (CARR)?

Carrier Global (CARR) last closed at $54.20.

What is the market cap of Carrier Global (CARR)?

The market cap of Carrier Global (CARR) is approximately $44.3B.