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Carrier Global (CARR)
NYSE:CARR
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.49Last Year’s EPS
$0.53Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -13.82%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with strong highlights in organic growth, aftermarket expansion, and successful integration of Viessmann. However, challenges remain with sales declines in certain segments and higher interest expenses. The company is optimistic about future growth and has taken steps to mitigate liabilities, indicating positive long-term prospects.Company Guidance
In the third quarter of 2024, Carrier reported robust financial performance with organic orders up over 20% year-over-year, driven by double-digit aftermarket growth and strategic focus on high-growth verticals like data centers and decarbonization projects. The company achieved 4% organic sales growth, contributing to strong core earnings conversion of approximately 40%. Carrier's adjusted operating profit exceeded $1 billion, with margins slightly impacted by the integration of Viessmann Climate Solutions. Notably, Carrier repurchased $400 million in shares during Q3 and plans an extensive $5 billion share repurchase through the end of 2025. Adjusted EPS from continuing operations was reported at $0.77, with total adjusted EPS at $0.83. The company also announced a significant settlement related to AFFF, expecting to cover associated cash payments through insurance recoveries. Carrier aims for continued growth and margin expansion, leveraging its strengthened HVAC business and focusing on sustainability and advanced energy solutions.Strong Organic Orders and Backlog
Organic orders were up over 20% compared to last year, with a continued increase in backlog, positioning the company for growth into 2025.
HVAC Business Growth and Market Position
HVAC business revenues will have nearly doubled since 2020, with strong growth driven by data centers and decarbonization-related projects.
Aftermarket Growth
Achieved double-digit aftermarket growth, marking the fourth consecutive year of such performance.
Viessmann Climate Solutions Integration
The integration exceeded expectations, with significant cost synergies and a target of over $100 million in revenue synergies next year.
AFFF Settlement
Settlement reached to largely put inherited AFFF exposure behind, with settlements not impacting capital deployment plans.
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CARR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CARR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $79.47 | $72.46 | -8.82% |
| Jul 25, 2024 | $65.60 | $64.44 | -1.77% |
| Apr 25, 2024 | $54.11 | $59.09 | +9.20% |
| Feb 06, 2024 | $55.58 | $53.66 | -3.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Carrier Global (CARR) report earnings?
Carrier Global (CARR) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Carrier Global (CARR) earnings time?
Carrier Global (CARR) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CARR EPS forecast?
CARR EPS forecast for the fiscal quarter 2024 (Q4) is $0.49.
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