secwatch.observer — SEC 8-K summary
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Issuer:     CARRIER GLOBAL Corp (CARR)
CIK:        0001783180
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001783180-24-000042
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Carrier Q1 sales up 17% to $6.2B; adjusted EPS $0.62; raises margin guidance to ~15.5%
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- Net sales $6.2B, up 17% YoY (organic +2%); GAAP EPS $0.29, adjusted EPS $0.62.
- Adjusted operating margin expanded 280 bps; full-year margin guidance raised to ~15.5% from 15.0-15.5%.
- Full-year adjusted EPS guidance maintained at $2.80-$2.90 despite $0.05 headwind from earlier business exits.
- Free cash outflow $64M in Q1 due to seasonal working capital; expect to resume share repurchases in 2024.
- Viessmann Climate Solutions contributed ~16% to sales; business exits on track with three of four closing within months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1783180/000178318024000042/0001783180-24-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1783180/000178318024000042/carr-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001783180-24-000042

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