Carrier Global (CARR) Tops Q2 EPS by 7c: Lifts Outlook

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Go back to Carrier Global (CARR) Tops Q2 EPS by 7c: Lifts Outlook

Carrier Reports Second Quarter 2022 Results

July 28, 2022 6:30 AM EDT

Strong first half results; Raises full-year earnings outlook

Toshiba Carrier Corporation acquisition expected to close in early August 2022

Net sales down 4% versus 2021 driven by the Chubb divestiture; organic sales up 7%Operating margin up 130 basis points; price/cost positive in the quarterGAAP EPS of $0.67 and adjusted EPS of $0.69Net cash flows from operating activities of $32 million; free cash flow usage of $34 millionRaising full-year 2022 adjusted EPS* guidance range to $2.25 to $2.35 from $2.20 to $2.30

PALM BEACH GARDENS, Fla.,... More