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) is described as a global leader in intelligent climate and energy solutions, and its news flow reflects that focus. Company announcements highlight climate solutions spanning temperature control, air quality and transportation, as well as building-management and connected cold chain technologies. Investors and observers following CARR news can see how Carrier communicates its strategy, portfolio actions and technology developments over time.
Recent news has included updates on next-generation rooftop heat pump technology participating in the U.S. Department of Energy’s Commercial Building HVAC Technology Challenge, with commercial field trials and independent testing by organizations such as Oak Ridge National Laboratory and the National Renewable Energy Laboratory. Other releases describe strategic investments by Carrier Ventures in areas like wireless IoT connectivity and vessel network technology to support real-time container visibility at sea, reinforcing the company’s emphasis on intelligent, connected cold chain solutions.
Carrier’s news feed also covers portfolio management and capital allocation decisions, such as a definitive agreement to sell its Riello business to Ariston Group, share repurchase authorizations approved by the Board of Directors and dividend declarations and increases. In addition, there are announcements about participation in investor conferences and acquisitions within its building-management activities, such as Automated Logic Contracting Services, Inc. acquiring assets of CCG Automation, Inc. to expand its building automation presence.
By reviewing the CARR news page, readers can track how Carrier presents its financial performance, including quarterly results furnished via press releases, as well as how it advances its climate and energy solutions strategy. The news stream provides context on developments in commercial HVAC, transportation climate solutions, building automation and corporate actions that shape the company’s long-term direction.
Carrier Global (NYSE: CARR) has announced an 18% increase in its quarterly dividend to $0.225 per share of common stock. The dividend will be paid on February 7, 2025 to shareholders of record as of December 20, 2024.
CEO David Gitlin emphasized the company's commitment to disciplined capital allocation following successful transformation efforts, focusing on delivering value for customers, employees, and shareholders. Carrier maintains its position as a global leader in intelligent climate and energy solutions.
Carrier Global has completed the sale of its Commercial and Residential Fire business to Lone Star Funds for $3 billion, marking the final step in its strategic portfolio transformation. The company plans to use the estimated $2.2 billion net proceeds to fund share repurchases, with at least $1 billion allocated to an accelerated share repurchase program. This transformation includes previous acquisitions of Viessmann Climate Solutions and divestitures of Industrial Fire, Access Solutions, and Commercial Refrigeration businesses, positioning Carrier as a focused player in intelligent climate and energy solutions.
Carrier Global has partnered with C40 Cities to address extreme heat challenges in urban areas through a three-year $1.05 million grant. The collaboration aims to promote sustainable cooling solutions in buildings while adhering to Paris Agreement climate goals. The initiative comes as nearly one-third of the world's population faces life-threatening heat extremes for 20+ days annually. C40 will support cities in assessing temperature impacts on health and energy demand, developing cooling strategies, and creating policy solutions aligned with Climate Action Plans.
Carrier Global has been awarded the World Environment Center's 2024 Gold Medal for International Corporate Achievement in Sustainable Development. The prestigious award, presented to Chairman & CEO David Gitlin in Washington, D.C., recognizes Carrier's commitment to sustainability and innovative climate solutions.
The company aims to help customers avoid more than one gigaton of carbon emissions by 2030 through electrification, energy efficiency, and digital solutions. The award was presented by GE Aerospace's Chairman and CEO, H. Lawrence Culp, Jr., joining past winners including Microsoft, Walmart, IBM, and Starbucks.
The recognition highlights Carrier's global leadership in sustainable development and its progress toward 2030 sustainability goals.
Carrier Global (NYSE: CARR) has announced its participation in the Baird 2024 Global Industrial Conference. Chairman & CEO David Gitlin and Senior VP & CFO Patrick Goris will present on Tuesday, November 12, 2024, at 11:50 a.m. ET. The presentation will be available via live webcast on ir.carrier.com, with a replay option available afterward.
Carrier, a global leader in intelligent climate and energy solutions, continues its tradition of innovation in creating sustainable solutions for people and the planet. The company emphasizes its commitment to customer-centric approaches through its diverse workforce.
Carrier Global (NYSE: CARR) reported strong Q3 2024 results with net sales of $6.0 billion, up 21% versus Q3 2023, including 4% organic growth. GAAP EPS from continuing operations was $0.62, while adjusted EPS was $0.77. The HVAC segment showed 6% organic growth, with Commercial HVAC in Americas up nearly 20%. The company's Board approved a $3 billion share repurchase authorization, bringing total authorization to $4.7 billion. The company updated its full-year 2024 guidance to reflect Fire & Security segment as discontinued operations, projecting sales of ~$22.5B with organic growth of ~3% and adjusted EPS of ~$2.50.
Xylem Inc. (NYSE: XYL) has appointed Meredith Emmerich as Senior Vice President and President of its Applied Water segment, effective October 21. Emmerich, who will report to CEO Matthew Pine, brings over 20 years of experience in smart solutions for industrial and commercial buildings. She previously served as Vice President of Carrier Global 's Global Enterprise Solutions.
Emmerich succeeds Franz Cerwinka, who will transition to a senior advisor role until March 2025. The Applied Water segment provides advanced water management solutions for industrial and commercial buildings markets. Xylem's CEO highlighted Emmerich's track record in driving sustainable growth and margin expansion, as well as her expertise in smart building solutions.
Carrier Global (NYSE:CARR), a leader in intelligent climate and energy solutions, has announced a quarterly dividend of $0.19 per share of common stock. The dividend will be payable on November 18, 2024 to shareholders of record at the close of business on October 25, 2024.
Carrier, known for inventing new technologies and industries, continues to lead with its world-class, diverse workforce focused on customer-centric solutions. The company is committed to creating solutions that matter for people and the planet for generations to come.
Carrier Global (NYSE: CARR), a global leader in intelligent climate and energy solutions, has announced the release of its third quarter 2024 earnings on Thursday, October 24, 2024. The company will host a conference call and webcast at 7:30 a.m. ET on the same day. Investors and interested parties can access the webcast and presentation materials at ir.carrier.com.
To participate in the earnings call via phone, pre-registration is required at the Carrier Earnings Call Registration link. Registrants will receive dial-in information and a PIN for call access. A recording of the call will be archived and made available for replay on the company's website later.
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.