earnings
confidence high
sentiment positive
materiality 0.80
Carrier Q3 adj EPS $0.70; raises FY adj EPS guidance; OKs $2B buyback
CARRIER GLOBAL Corp
2022-Q3 EPS reported
$3.78
revenue$15,316,000,000
- Q3 sales $5.5B (+2% YoY, organic +8%); GAAP EPS $1.53, adj EPS $0.70.
- FY 2022 adj EPS guidance raised to $2.30-$2.35 from $2.25-$2.35; FCF cut to ~$1.4B.
- Board approved $2B share repurchase authorization; total authority now ~$2.3B.
- HVAC organic sales: res/light comm +12%, commercial +15%; Refrigeration organic -1%.
- Q3 free cash flow $699M; repurchased $247M of common stock in quarter.