Carrier Global (CARR) Tops Q1 EPS by 11c, Offers Guidance

Carrier Global (NYSE: CARR) reported Q1 EPS of $0.48, $0.11 better than the analyst estimate of $0.37. Revenue for the quarter came in at $4.7 billion versus the consensus estimate of $4.37 billion.

GUIDANCE:

Carrier Global sees FY2021 EPS of $1.95-$2.05, versus the consensus of $1.94.

• Sales growth of 7% to 10%, up from 6% to 8%
• Organic sales growth of 5% to 8%, up from 4% to 6%
• Currency translation to add approximately 2%
• Adjusted operating margin of about 13.5%
• Adjusted EPS of $1.95 to $2.05, up from $1.85 to $1.95
• Free cash flow of about $1.7 billion, up from about $1.6 billion

For earnings history and earnings-related data on Carrier Global (CARR) click here.

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