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Carrier Global

Carrier Global Corp. is a provider of HVAC, security and building automation technologies. The company operates through the following segments: HVAC, Refrigeration, and Fire and Security. The HVAC segment provides products, controls, services and solutions to meet the heating and cooling and ventilation needs of residential and commercial customers. The Refrigeration segment includes transport refrigeration and monitoring products, services, and digital solutions for trucks, trailers, shipping containers, intermodal and rail, as well as commercial refrigeration products. The Fire and Security segment provides a range of residential, commercial and industrial technologies and systems, and service solutions to protect people and property, including fire, flame, gas, smoke and carbon monoxide detection, portable fire extinguishers, fire suppression systems, intruder alarms, access control systems and video management systems, and electronic controls. The company was founded by Willis Carrier on June 26, 1915 and is headquartered in Palm Beach Gardens, FL.

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Carrier Global meets Q4 expectations, eyes growth amidst challenges

Carrier Global's Q4 performance met expectations, with a focus on key trends driving demand and strategic growth initiatives.
While facing challenges in Q1, opportunities lie in demand-driving incentives, strong order bookings, and pricing strategies.
The company remains optimistic for 2023, expecting solid growth, margin expansion, and improved refrigeration segment performance.
Strategic collaborations, productivity focus, and supply chain management are key strengths for future growth and optimization.

Carrier Global excels in Q1, acquires Viessmann for climate leadership

Carrier Global's strong Q1 performance and strategic acquisitions position it as a leader in climate solutions
Viessmann acquisition brings significant synergies and growth opportunities in renewable energy markets
Exiting non-core businesses to focus on HVAC underscores commitment to sustainable growth and operational excellence
Maintaining financial strength while pursuing growth initiatives highlights strategic balance and long-term vision

Carrier Global reports robust Q2 results, eyes sustainability and growth

Carrier Global's Q2 performance reflects strong sales growth and financial metrics, prompting an upward revision of full-year guidance across key indicators.
While facing challenges in lead times and backlog levels, the company's strategic strengths in sustainability, aftermarket solutions, and acquisitions position it for future growth.
Amidst operational hurdles, Carrier Global remains focused on addressing supply chain issues, seizing growth opportunities in key markets, and enhancing operational efficiency through technology investments.

Carrier Global (CARR) excels in Q3, eyes growth and acquisitions

Carrier Global (CARR) delivered a strong Q3 performance, positioning itself for continued growth in 2023 and beyond. With a focus on aftermarket revenue, margin expansion, and strategic acquisitions, the company is navigating challenges while capitalizing on opportunities in various segments.

Carrier Global reports strong Q4 earnings, eyes growth in China

Carrier Global demonstrated robust financial performance in Q4 2023 and 2023, driven by operational efficiency and strategic initiatives.
While facing short-term sales challenges and integration risks, the company remains well-positioned with diversified revenue streams and growth opportunities.
Opportunities in segment expansion, revenue synergies, and market diversification present avenues for sustained growth and profitability.
Strategic focus on sustainability, operational resilience, and market expansion underpin Carrier Global's outlook for continued success and value creation.

Carrier Global (CARR) surpasses Q1 expectations, eyes sustainability and growth

Carrier Global (CARR) exceeded Q1 expectations with strong financial performance, particularly in the HVAC segment. The company is strategically focusing on sustainability solutions, data center market opportunities, and aftermarket growth. Challenges include declines in certain segments and total company orders, but opportunities for growth and transformation are being actively pursued.

Carrier Global (CARR) reports strong Q2 performance and growth strategies

Carrier Global (CARR) showcased robust performance, strategic focus on growth, and operational efficiency improvements
The company's emphasis on innovation and market leadership in intelligent climate solutions is a key strength
While facing challenges in certain segments, Carrier Global is well-positioned to capitalize on growth opportunities
Overall, Carrier Global's Q2 2024 earnings call highlights a positive trajectory and strategic direction

Carrier Global (CARR) reports strong Q3 performance and sustainability focus

Carrier Global (CARR) delivered a solid performance in Q3 2024, with a focus on execution, growth, and value creation. The company is on track with its vision to lead in intelligent climate and energy solutions, while emphasizing innovation and sustainability initiatives.

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Carrier Global Corp. engages in the provision of building and cold chain solutions. It also offers heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies. The firm operates through the following segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers. The Refrigeration segment includes transport refrigeration and monitoring products, services, and digital solutions for trucks, trailers, shipping containers, intermodal and rail, and commercial refrigeration products. The Fire & Security segment provides a range of residential, commercial, and industrial technologies to protect people and property. The company was founded by Willis Haviland Carrier on June 26, 1915 and is headquartered in Palm Beach Gardens, FL.

Marks significant milestone in Carrier's transformation as the global leader in intelligent climate and energy solutions PALM BEACH GARDENS, Fla. , Jan. 2, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR) announced today that it has completed its acquisition of Viessmann Climate Solutions from the Viessmann Group.

Carrier Completes Acquisition of Viessmann Climate Solutions

Carrier Global's (CARR) Viessmann acquisition is expected to be completed on Jan 2, 2024.

Carrier's (CARR) Viessmann Buyout Receives Approval in Europe

Approval marks final transaction regulatory clearance; closing expected January 2, 2024 PALM BEACH GARDENS, Fla. , Dec. 18, 2023 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, announced today that it has received approval from the European Commission to proceed with its proposed acquisition of Viessmann Climate Solutions.

Carrier Receives European Commission Approval to Complete Acquisition of Viessmann Climate Solutions

Carrier (CARR) has been strengthening its portfolio with the divestiture of non-core assets, including commercial refrigeration and security businesses.

Carrier (CARR) Strengthens Portfolio With Latest Divestiture

QINGDAO, China , Dec. 13, 2023 /PRNewswire/ -- Haier Smart Home entered into a stock purchase agreement with Carrier Global Corporation (NYSE: CARR) to acquire Carrier's Commercial Refrigeration Business ("Carrier Commercial Refrigeration") through acquiring 100% of the equity interest in Carolin Holdings B.V. Carrier, for total consideration of approximately USD 640 million (the "Transaction"), which represents 11x 2022A P/E.

Haier Smart Home Acquires Carrier's Commercial Refrigeration Business for USD 640 million

PALM BEACH GARDENS, Fla. , Dec. 13, 2023 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, entered into a definitive agreement today to sell its global commercial refrigeration business to its decades-long joint venture partner Haier (stock ticker: 600690) for an enterprise value of $775 million, including approximately $200 million of net pension liabilities.

Carrier Announces Agreement to Sell Carrier Commercial Refrigeration to Haier

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Carrier Global (CARR) gears up for transformation by selling its security business to Honeywell for $4.95 billion, focusing on climate solutions.

Carrier (CARR) Expands Portfolio by Selling Its Security Unit

Shares of Carrier Global (NYSE: CARR ) — a leading enterprise in the heating, ventilation, and air conditioning (HVAC) industry — popped higher on Friday on news that it will sell its security equipment business to industrial giant Honeywell (NASDAQ: HON ). The deal should streamline Carrier, which effectively becomes a pure-play HVAC entity, thus driving HON stock higher.

CARR Stock Alert: The $5 Billion Reason Carrier Global Is Up Today

Carrier Global is reshaping itself into a "climate" powerhouse by focusing on its core businesses and divesting non-core assets. The company has announced the sale of its security business to Honeywell for $5 billion, allowing it to reduce debt and focus on its core operations. Carrier's acquisition of Viessmann positions it to capitalize on the growing demand for heat pumps in Europe's decarbonization movement.

Divestitures, Innovation And Climate Trends - Carrier Is An Impressive Wealth Compounder

Honeywell

Honeywell (HON) agreed to pay $4.95 billion to buy Carrier's (CARR) Global Access Solutions division in an all-cash deal to enhance Honeywell's building automation capabilities.

Honeywell Buys Carrier Security Unit for Nearly $5B to Boost Building Automation Products

Carrier Global Corp (NYSE: CARR) is up 5.0% on Friday after Honeywell International Inc (NASDAQ: HON) said it will buy the multinational's security unit for $4.95 billion.

Honeywell CEO discusses security unit deal with Carrier Global

Honeywell (NYSE:HON) International Inc announced on Friday that it would acquire the security business of air conditioner maker Carrier Global Corp for $4.95 billion in cash.   The security unit, which makes electronic locks for large corporations, owns brands such as LenelS2, Supra and Onity, which is used by many major hotel chains.

Honeywell to acquire Carrier Global's security business for nearly $5B

Dow Jones behemoth Honeywell will purchase the security business from Carrier Global for $4.95 billion. Honeywell stock faded, CARR leaps.

Dow Jones Giant Honeywell Agrees To $5 Billion Purchase For Carrier's Security Business

Carrier Global Corp. CARR, -0.23% was up 5% in premarket trading on Friday after it confirmed plans to sell its security unit to Honeywell International HON, for $4.95 billion. Carrier said it plans to use $4 billion of the sale proceeds to pay down debt.

Honeywell to buy security unit of Carrier for $5 billion

PALM BEACH GARDENS, Fla. , Dec. 8, 2023 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, entered into a definitive agreement today to sell its security business, Global Access Solutions, which includes the industry-leading brands of LenelS2, Supra and Onity, to Honeywell (NASDAQ: HON) for an enterprise value of $4.95 billion, which represents approximately 17x 2023 expected EBITDA.

Carrier Announces Agreement to Sell Global Access Solutions Business to Honeywell for $4.95 Billion

Purchase price of $4.95 billion represents ~13x 2023E EBITDA, inclusive of tax benefits and run-rate cost synergies Acquisition will strengthen Honeywell's strategic alignment to the megatrend of automation, underpinned by digitalization Transaction will be immediately accretive to Honeywell's growth, gross margins and operating margins; cash-EPS accretive in the first full year of ownership By fifth full year of Honeywell ownership, acquisition will achieve a double-digit cash-ROIC CHARLOTTE, N.C. , Dec. 8, 2023 /PRNewswire/ -- Honeywell (Nasdaq: HON) today announced plans to enhance and strengthen its building automation capabilities with the acquisition of Carrier Global Corporation's (NYSE: CARR) Global Access Solutions business for $4.95 billion, in an all-cash transaction.

Honeywell to Strengthen Building Automation Business with Acquisition of Carrier's Global Access Solutions

The security business makes products including electronic locks for big companies, hotels and hospital chains.

Honeywell to Buy Carrier Unit for $5 Billion

Carrier Global is on track to acquire Viessmann Climate Solutions and divest its Refrigeration and Fire & Security businesses in 2024. The base HVAC business has some earnings volatility due to a switchover to the new refrigerant in the US required by 1/1/2025. CARR will grow faster as a pure-play HVAC company, so any share price declines on short-term quarterly earnings concerns would be a buying opportunity.

Carrier: Cool Things Happening In 2024

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Carrier Global (CARR) is a Top-Ranked Momentum Stock: Should You Buy?

PALM BEACH GARDENS, Fla. , Nov. 30, 2023 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR) ("Carrier" or the "Company"), global leader in intelligent climate and energy solutions, today announced that it has closed its previously announced private offerings of an aggregate principal amount of $3,000,000,000 of USD-denominated notes (the "USD Notes") and €2,350,000,000 aggregate principal amount of euro-denominated notes (the "Euro Notes" and together with the USD Notes, the "Notes").

Carrier Global Corporation Announces Closing of €2.35 Billion and $3.0 Billion Notes Offerings

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PALM BEACH GARDENS, Fla. , Nov. 15, 2023 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR) ("Carrier" or the "Company"), global leader in intelligent climate and energy solutions, today announced that it has priced the private offerings of an aggregate principal amount of $3,000,000,000 of USD-denominated notes (the "USD Notes") and €2,350,000,000 aggregate principal amount of euro-denominated notes (the "Euro Notes", and together with the USD Notes, the "Notes").

Carrier Global Corporation Announces Pricing of $3.0 Billion and €2.35 Billion Notes

Carrier Global Corporation (NYSE:CARR ) Baird's Global Industrial Conference Call November 7, 2023 12:25 PM ET Company Participants Dave Gitlin - Chairman and Chief Executive Officer Conference Call Participants Tim Wojs - Baird Tim Wojs I am Tim Wojs. I cover building products here at Baird.

News for Carrier Global Stock (CARR)