Carrier Global (CARR) Tops Q1 EPS by 2c

Carrier Global (NYSE: CARR) reported Q1 EPS of $0.35, $0.02 better than the analyst estimate of $0.33. Revenue for the quarter came in at $3.9 billion versus the consensus estimate of $3.81 billion.

Full-Year 2020 Scenarios On April 3, 2020, Carrier withdrew its full year 2020 outlook for sales, adjusted operating profit, and free cash flow due to the impact of COVID-19. Given continued uncertainty, Carrier considered a range of different assumptions and the most reasonable scenarios fall into the following ranges:

• Sales of $15 - $17 billion
• Adjusted operating profit of $1.7 - $2.0 billion
• Free cash flow in excess of $1 billion*

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

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