Carrier Global Corp. ( (CARR) ) has released its Q4 earnings. Here is a breakdown of the information Carrier Global Corp. presented to its investors.
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Carrier Global Corporation, a leader in intelligent climate and energy solutions, has reported strong financial results for 2024, showcasing its robust position in the HVAC and refrigeration sectors. The company’s focus on technological innovation and sustainable solutions continues to drive its market leadership.
Carrier Global Corp. announced significant growth in its 2024 earnings, with a 19% increase in sales, reaching $22.5 billion. The company achieved a notable adjusted EPS from continuing operations of $2.56, marking a 16% increase from the previous year. Additionally, Carrier completed its portfolio transformation with over $10 billion in divestiture proceeds.
Key highlights from Carrier’s financial performance include a 19% sales growth in the fourth quarter, with adjusted operating profit rising by 65% due to the successful integration of Viessmann Climate Solutions. The HVAC segment showed strong organic growth, particularly in the Americas region, which saw a high-teens increase driven by commercial and residential demand.
Looking ahead to 2025, Carrier Global Corp. is optimistic about continued growth, projecting sales between $22.5 and $23.0 billion, and an increase in adjusted EPS by mid to high-teens. The company expects to face a revenue headwind from its Commercial Refrigeration divestiture but remains confident in its strategic direction and innovation plans.
Carrier’s forward-looking strategy focuses on capitalizing on secular tailwinds, enhancing operational efficiency, and expanding its global commercial HVAC backlog to deliver sustained shareholder value in the coming year.
