Carrier Global (CARR) Reports In-Line Q4 EPS, Issues FY23 Outlook

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Go back to Carrier Global (CARR) Reports In-Line Q4 EPS, Issues FY23 Outlook

Carrier Reports Strong 2022 Results and Announces 2023 Outlook

February 7, 2023 6:30 AM EST

Fourth Quarter 2022 Highlights

Sales of $5.1 billion, down 1% compared to 2021 including 5% organic growthGAAP EPS of $0.32 and adjusted EPS of $0.40Net cash flow from operating activities of $1.1 billion and free cash flow of $983 million

Full Year 2022 Highlights

Sales of $20.4B, down 1% compared to 2021 including 8% organic growthGAAP EPS of $4.10 and adjusted EPS of $2.34Net cash flow from operating activities of $1.7 billion and free cash flow of $1.4 billion

Outlook for 2023

Sales of ~$22 billion with low to mid-single-digit organic* growthAdjusted operating margin* of ~14%, includes ~50 bps negative impact... More