Carrier Global (CARR) Tops Q1 EPS by 7c, Offers Guidance

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Go back to Carrier Global (CARR) Tops Q1 EPS by 7c, Offers Guidance

Carrier Reports First Quarter 2022 Results

April 28, 2022 6:30 AM EDT

Net sales down 1% versus 2021 driven by the Chubb divestiture; organic sales up 10%GAAP EPS of $1.58 and adjusted EPS of $0.54Operating margin up over 2,500 basis points due to the gain on the sale of Chubb; adjusted operating margin expansion of 110 basis pointsPrice/cost neutralNet cash outflows from operating activities were $202 million and free cash flow usage was $258 millionReaffirming full-year 2022 outlook for sales, adjusted operating margin, adjusted EPS and free cash flow*

PALM BEACH GARDENS, Fla., April 28, 2022 /PRNewswire/ --... More