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Carrier Global Corp Ordinary Shares CARR

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Carrier Reports Outstanding Second-Quarter Results and Provides More Clarity on the Chubb Sale

Analyst Note

| Brian Bernard, CFA, CPA |

Carrier's second-quarter performance far exceeded our expectations due to strong demand across the firm's product portfolio. Revenue increased 37% year over year to $5.4 billion, and its adjusted operating margin expanded 310 basis points to 15.1%. Adjusted EPS nearly doubled to $0.64.

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Company Profile

Business Description

Carrier Global Corp manufactures heating, ventilation, and air-conditioning, refrigeration, and fire and security products. Carrier's HVAC business serves both residential and commercial markets (60% of HVAC sales). Carrier's refrigeration segment consists of its transportation refrigeration, Sensitech supply chain monitoring, and commercial refrigeration businesses. The firm's fire and security business manufactures fire detection and suppression, access controls, and intrusion detection products.

Contact
13995 Pasteur Boulevard
Palm Beach Gardens, FL, 33418
T +1 561 365-2000
Sector Industrials
Industry Building Products & Equipment
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type Slow Growth
Employees 56,000

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