Welcome to our dedicated page for Carrier Gb Cp news (Ticker: CARR), a resource for investors and traders seeking the latest updates and insights on Carrier Gb Cp stock.
Carrier Global Corporation (NYSE: CARR) delivers innovative climate and energy solutions through its HVAC, refrigeration, and building technologies. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments, financial performance, and strategic initiatives.
Access official press releases covering earnings announcements, product launches, sustainability milestones, and partnership agreements. Our curated collection enables efficient tracking of Carrier’s portfolio optimization efforts and technological advancements in intelligent building systems.
Discover updates across three core areas: quarterly financial results, energy efficiency innovations, and global market expansions. Content is sourced directly from company communications to ensure accuracy and timeliness while maintaining regulatory compliance.
Bookmark this page for streamlined access to Carrier’s latest operational updates. Combine these resources with market analysis tools to inform your understanding of this industrial technology leader’s evolving position.
Kidde, a leading fire safety company, has launched the next phase of its Cause For Alarm campaign to promote fire safety awareness. The campaign features a 'Living Jingle', an emotional plea from child house fire survivors, aimed at inspiring families to prioritize fire safety. Despite 40% of people believing they're more likely to win the lottery than experience a home fire, over 1,000 people have died in house fires across North America this year.
Kidde has partnered with Multi-Platinum Recording Artist Jordin Sparks to champion the importance of fire safety. The campaign provides fire safety toolkits, a children's book, and other resources on CauseForAlarm.org. Kidde will donate $1 for every alarm purchased at participating retailers from September to November 2024, up to $1,000,000 in total retail value, to communities in need.
Carrier Global (NYSE: CARR) has announced the integration of its EcoEnergy Insights™ business into Carrier Abound™, marking a significant step in the company's transformation journey. This strategic move aligns EcoEnergy Insights' suite of solutions, including the rebranding of CORTIX™, under the Carrier Abound umbrella. The integration aims to offer customers a comprehensive suite of digital solutions and digitally enabled services focused on sustainability, health and well-being, and asset management.
EcoEnergy Insights, known for its AI and IoT solutions in building and equipment operations, has helped customers save over 6 billion kWh globally over nearly 15 years. This energy savings is equivalent to the greenhouse gas emissions from about one million gasoline-powered vehicles driven for a year. By leveraging Carrier's expertise in energy-efficient HVAC systems, Carrier Abound seeks to enhance operational efficiencies and enable smarter, more sustainable building management.
Haier Smart Home Co., has successfully completed its acquisition of Carrier Commercial Refrigeration from Carrier Global for an enterprise value of approximately $775 million. The acquisition, finalized on October 1st, 2024, enhances Haier's strategic position in the global commercial refrigeration market and expands its product portfolio.
The deal brings in over 4,000 employees and well-known brands such as Carrier Commercial Refrigeration, Profroid, Celsior, and Green & Cool. It also includes technologies related to commercial refrigeration, including carbon dioxide technology, which will contribute to environmental improvements and promote green transformation.
This acquisition allows Haier to broaden its reach from home refrigeration to the commercial refrigeration market, enabling the company to offer comprehensive refrigeration solutions to a wider clientele in the industrial, food retail, and cold storage sectors.
Carrier Global (NYSE: CARR) has completed the sale of its commercial refrigeration business to Haier for an enterprise value of $775 million, including approximately $200 million of net pension liabilities. This sale, along with other completed and announced divestitures, is part of Carrier's portfolio transformation strategy to focus on its core businesses.
The transaction marks significant progress in Carrier's efforts to strengthen its global leadership position in intelligent climate and energy solutions. The net proceeds from the sale will be used to pay down debt. Carrier Transicold transport refrigeration, Sensitech, and the Lynx digital ecosystem were not included in the transaction and remain core to Carrier's vision.
BofA Securities acted as financial advisor to Carrier, while Paul, Weiss, Rifkind, Wharton & Garrison LLP and Linklaters LLP served as external legal counsel.
Carrier Global (NYSE: CARR) is set to host a climate summit during Climate Week in New York City, focusing on building resilience and advancing sustainability in the built environment. The event, titled 'Reimagining the Built Environment for a Net Zero Future,' will bring together industry leaders, policymakers, and experts to discuss sustainable innovation and collaboration in achieving net-zero goals.
Key topics include innovative HVAC solutions for grid resiliency, AI technologies for managing energy demand in buildings, and financial investments for net-zero emission buildings. The summit will feature a fireside chat between David Gitlin, Carrier's Chairman and CEO, and Martin Schroeter, Chairman and CEO of Kyndryl, exploring the intersection of sustainability, business, and energy innovation.
Carrier's commitment to climate action and sustainable solutions is highlighted in its recent 2024 Sustainability and Impact Report, detailing progress towards its 2030 sustainability goals. The company offers a comprehensive suite of sustainable climate technologies and solutions, focusing on improving energy efficiency and reducing carbon emissions across buildings, homes, and the cold chain.
A recent survey by Carrier Global (NYSE: CARR) reveals that sustainability is becoming a top priority for U.S. corporate executives, with building decarbonization emerging as a critical focus. Key findings include:
- 83% of executives plan to increase sustainability spending over the next two years
- 57% cite sustainability as a top priority
- 52% prioritize decarbonization efforts
- 81% would continue or increase sustainability investments even if government incentives were reduced
However, only 44% of executives are strongly confident in achieving global net-zero goals by 2050. The survey also highlighted a gap between CSOs' focus on specific actions and CEOs/CFOs' broader business priorities. Carrier CEO David Gitlin emphasized the importance of corporate leadership in driving sustainability actions, with 85% of executives agreeing that businesses have this responsibility.
Carrier (NYSE: CARR) has successfully completed the Department of Energy's (DOE) Cold Climate Heat Pump Challenge for residential applications. The company's Infinity® variable-speed heat pumps with Greenspeed® Intelligence and advanced cold climate technology demonstrated impressive performance, operating at 100% capacity at 0°F and reliably down to -13°F in field trials. These units are set for production in September 2024 at Carrier's Collierville, TN factory.
Key features include:
- 100% rated heating capacity at 5°F
- Bluetooth modules for digital monitoring
- Operating range from -13°F to 125°F
- Use of R-454B refrigerant (Puron Advance™)
- Advanced defrost technology
Carrier Global (NYSE: CARR) announced that Chairman & CEO David Gitlin and Senior VP & CFO Patrick Goris will present at Morgan Stanley's 12th Annual Laguna Conference on September 11, 2024, at 11:10 a.m. ET. The event will be broadcast live on Carrier's investor relations website, with a replay available afterward.
Carrier, a global leader in intelligent climate and energy solutions, is known for inventing new technologies and industries. The company focuses on creating solutions that benefit people and the planet, driven by a diverse workforce committed to customer-centric innovation.
Carrier Global (NYSE: CARR) has announced a definitive agreement to sell its Commercial and Residential Fire business to an affiliate of Lone Star Funds for an enterprise value of $3 billion. This sale marks a important step in Carrier's transformation into a focused, higher-growth company dedicated to sustainability. The deal is expected to close by the end of 2024, subject to regulatory approvals.
This divestiture is part of Carrier's broader portfolio transformation, which includes the recent acquisition of Viessmann Climate Solutions and divestitures of other businesses, totaling over $10 billion in combined value. Following these transactions, Carrier has reduced its net debt by over $5 billion. The company plans to use the estimated $2.2 billion in net proceeds from this sale for share repurchases.
Carrier Global (NYSE: CARR) has announced the Reference Yields for its previously announced cash tender offers for outstanding debt securities. The company aims to purchase up to $1.0 billion in aggregate purchase price, with specific caps on certain note series. The tender offers include:
1. 5.900% Notes due 2034 (capped at $125 million)
2. 6.200% Notes due 2054 (capped at $350 million)
3. 3.577% Notes due 2050 (no cap)
Due to high demand, the company will accept $125 million of 2034 Notes, $350 million of 2054 Notes, and $599.577 million of 2050 Notes on a prorated basis. The settlement date for accepted securities is expected to be August 13, 2024. The tender offers will expire on August 22, 2024, unless extended or terminated earlier.
FAQ
What is the current stock price of Carrier Gb Cp (CARR)?
What is the market cap of Carrier Gb Cp (CARR)?
