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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) will announce its third quarter 2020 earnings on Thursday, Oct. 29, at 9:00 a.m. ET. A conference call will follow where details will be discussed. Investors can access the webcast live on ir.carrier.com. A replay of the call will be available from 12:00 p.m. ET on Oct. 29 until 11:00 a.m. ET on Nov. 5. Carrier is recognized as a leader in providing healthy, safe, and sustainable building solutions.
Carrier's Infinity air purifier has been tested by the University of Colorado, demonstrating its ability to inactivate 99% of coronavirus on its filter. The technology also effectively eliminates various other viruses and bacteria. The purifier integrates into existing HVAC systems and employs a three-step process—charge, capture, and kill—to enhance indoor air quality. Carrier emphasizes the importance of maintaining a healthy home environment during increased indoor time, providing peace of mind for families with its innovative product. More details are available at carrier.com/purifier.
Carrier Global Corporation has launched its Healthy, Safe, Sustainable Cold Chain Program in response to the increasing demand for effective cold chain solutions essential for food, medicine, and vaccine preservation. This program aims to enhance cold chain resiliency by focusing on Food & Medicine Security, Safe Vaccine Distribution, Connected Cold Chain, and Sustainable Cold Chain methods. With an extensive installed base of 1.2 million transport refrigeration units, Carrier is positioned to tackle current and emerging cold chain challenges, emphasizing sustainability and efficiency in its offerings.
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Carrier Global Corporation (NYSE:CARR) will have its President and CEO, Dave Gitlin, and CFO, Tim McLevish, participate in a fireside chat at the Morgan Stanley Virtual Laguna Conference on Sept. 17, 2020, at 2:15 p.m. Eastern Time.
The event will be broadcast live and a replay will be available afterward. Carrier is a global leader in sustainable building and cold chain solutions, known for brands like Carrier and Kidde. For more details, visit www.corporate.carrier.com.
Carrier announced that California's Alvord Unified School District will install 1,500 OptiClean™ 1,500 cfm Dual-Mode Air Scrubber & Negative Air Machines to enhance indoor air quality across its 23 schools. This initiative aims to ensure the safety of nearly 20,000 students and staff as they return amid COVID-19 concerns. The OptiClean units utilize 99.97% efficient HEPA filters to remove contaminants and exceed ASHRAE standards. Carrier aims to provide effective air purification solutions as part of its Healthy Buildings Program.
Carrier Global Corporation (NYSE: CARR) has announced a strategic long-term agreement with Samsung Electronics, which has joined the Carrier Alliance program. Samsung will supply compressors and inverter technologies for Carrier's Residential HVAC portfolio. The arrangement includes providing Carrier-branded replacement compressors, enhancing service and supply chain efficiency. Both companies aim to foster innovation and drive cost savings through this collaboration, further integrating Samsung's technology into Carrier's products.
Supra, a global leader in access solutions for real estate, has enhanced its services to boost efficiency and minimize contact amid COVID-19. As part of Carrier's Healthy Homes Program, Supra now offers remote eKEY installations and keybox programming, allowing agents to operate safely without in-person interactions. By June 2020, real estate showings reached pre-pandemic levels with over 1 million weekly facilitated by Supra's solutions. This expansion aims to meet the escalating demand for safe and effective tools, reinforcing Supra's commitment to customer support and innovation in the real estate sector.
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.