Carrier Gb Cp Stock Price, News & Analysis

Kidde, part of Carrier Global (NYSE: CARR), announced the release of its new Detect product line, featuring advanced fire and carbon monoxide safety technology. The Kidde Detect offers 25% faster smoke detection and fewer false alarms, enhancing home safety and giving families more escape time during fires.

The launch is supported by a humorous ad campaign, 'Help Protect You From You,' highlighting how home fires are often caused by homeowner mistakes. Kidde's new devices have modern designs, easy installation, and a self-testing feature, ensuring reliability.

The Detect line meets the latest UL standards and is available nationwide, underscoring Kidde's century-long commitment to improving fire safety.

Carrier Global (NYSE: CARR) announced the completion of the sale of its security business, Global Access Solutions, to Honeywell for $4.95 billion. This transaction is part of Carrier's strategic transformation into a focused global leader in intelligent climate and energy solutions. The net proceeds of $4 billion will be utilized to pay down debt, targeting a net leverage of approximately 2x EBITDA by the end of 2024. Additionally, Carrier plans to resume share repurchases in 2024. This sale follows the acquisition of Viessmann Climate Solutions, which is expected to significantly impact Carrier's growth and the industry. Carrier is also selling its global Commercial Refrigeration and Industrial Fire businesses and has started the process to sell its Commercial and Residential Fire businesses. This restructuring aims to position Carrier as a more focused, higher-growth company ready to tackle climate challenges.

Honeywell has finalized its $4.95 billion acquisition of Carrier's Global Access Solutions business, enhancing its position in the security solutions sector. This acquisition aligns Honeywell with automation and digitalization megatrends, adding brands like LenelS2, Onity, and Supra to its portfolio.

The deal brings 1,200 employees to Honeywell and is expected to be accretive to adjusted earnings per share in the first year. Honeywell forecasts annual sales over $1 billion from this acquisition, boosting its Building Automation segment.

The company updated its 2024 outlook, projecting full-year sales of $38.5 billion to $39.3 billion, with organic growth of 4% to 6%. Segment margin is expected to be 23.8% to 24.1%, and adjusted earnings per share between $10.15 and $10.45. Operating cash flow is projected at $6.7 billion to $7.1 billion, with free cash flow between $5.6 billion and $6 billion.

Carrier Global, a leader in intelligent climate and energy solutions, was named one of 'America's Climate Leaders' by USA Today on May 30, 2024. This recognition highlights Carrier's efforts in reducing greenhouse gas emissions. Carrier's initiatives in 2022 aimed at carbon neutrality and energy efficiency include energy audits, fleet decarbonization, and refrigerant management. The company is committed to achieving carbon-neutral operations and helping customers avoid over 1 gigaton of greenhouse gas emissions by 2030. Carrier has set science-based targets to limit global warming to 1.5 degrees Celsius and aims for net-zero emissions by 2050, focusing on electrification and environmentally responsible refrigerants.

Carrier has been named the 'Best Air Conditioner Brand' by USA Today, following two years as the Best HVAC Company by U.S. News & World Report. Carrier, a part of Carrier Global (NYSE: CARR), is celebrated for its quiet operation, energy efficiency, and smart-home connectivity. The accolade reinforces Carrier's commitment to homeowner satisfaction and innovation in HVAC systems. Other recognitions include Forbes HOME's 'Best Reliability' and 'Best Smart Home Compatibility' and Modernize's '#1 Air Conditioner Brand.' To learn more, visit their website.

Nlyte Software, part of Carrier Global (NYSE: CARR), has been recognized as a leader in the Data Center Infrastructure Management (DCIM) category by G2 Grid.

The company received top rankings in energy consumption, server performance, and workflow automation.

Nlyte Software's commitment to excellence, innovation, and customer satisfaction were key factors in this recognition.

The company's solutions are particularly well-received by enterprise clients due to their scalability and comprehensive analytics.

Nlyte's DCIM solutions support Carrier's 2030 Environmental, Social & Governance (ESG) goals to help customers avoid more than 1 gigaton of greenhouse gas emissions by 2030.

Carrier Global (NYSE: CARR) announced that Chairman & CEO David Gitlin and SVP & CFO Patrick Goris will present at the Wolfe Research 17th Annual Global Transportation & Industrials Conference on May 21, 2024, at 12:20 p.m. ET. The presentation will be broadcast live and available for replay at ir.carrier.com. Carrier, a leader in intelligent climate and energy solutions, continues to innovate and focus on customer-centric solutions.

Contact for media inquiries is Jason Shockley, and for investor relations, Sam Pearlstein. For more information, visit Carrier's website or follow their social media channels.

Carrier Global (NYSE: CARR) will be presenting at the Oppenheimer 19th Annual Industrial Growth Conference. Senior VP & CFO Patrick Goris will speak on May 6, 2024, at 3:00 p.m. ET. Carrier is a global leader in intelligent climate and energy solutions, focusing on innovation and customer-centricity.