earnings
confidence high
sentiment positive
materiality 0.75
Carrier Q2 sales $6.7B +12%; adj EPS $0.87; FY guidance reaffirmed; $1B buyback planned
CARRIER GLOBAL Corp
2024-Q2 EPS reported
$2.85
revenue$12,871,000,000
- GAAP EPS $2.55, adjusted EPS $0.87; adjusted operating margin expanded 200 bps.
- Organic sales up 2%; HVAC Americas mid-single-digit growth; HVAC EMEA low-single-digit; Refrigeration organic +1%; Fire & Security organic +3%.
- Closed two of four business exits; received $5.0B from Access Solutions sale; redeemed $1.0B notes; repaid €2.3B term loans.
- Plan to repurchase about $1B shares in H2 2024; free cash flow $549M in Q2.
- Full-year guidance: sales ~$25.5B, adjusted EPS $2.80-$2.90, adjusted operating margin ~15.5%.