Carrier Global (CARR) reported earnings on Thur 24 Oct 24 (b/o)

It was a noisy third quarter for Carrier as it reclassified its fire and security segment to discontinued operations. The businesses in this segment should all be sold by year-end. Adjusted for this change, organic revenue increased 4%, but adjusted operating margin slipped 40 basis points to 17.4%.

• Carrier Global (CARR) went public on April 3, 2020, when it opened at $12.98.

 

** charts after earnings **

 

 

 

• Fire & Security segment now reported as discontinued operations making prior guidance not comparable
• Net sales of $6.0 billion up 21% versus third quarter 2023; organic sales up 4%
• GAAP EPS from continuing operations of $0.62 and adjusted EPS from continuing operations of $0.77
• Total GAAP EPS of $0.49 and adjusted EPS of $0.83
• Final business exit on-track to close around year end
• Board increases remaining share repurchase authorization to $4.7 billion

Earnings this week : Oct 21 - 25, 24 (wk 43)

Monday (October 21)

• Morning: SASR
• Afternoon: AGNC ARE BOKF CADE CATY ELS HSTM HXL KREF MEDP NUE RBB RLI SAP SIGI SSD WRB WTFC ZION

Tuesday (October 22)

• Morning: MMM AOS AUB BANC BKU CBU DHR DENN FI FCX GATX GE GM GPC HRI IPG IVZ KMB LMT MCO ONB PCAR PNR PEBO PM PII PHM DGX RTX SHW VZ
• Afternoon: ADC AGR BKR NTB BDN CNI CSGP EWBC ENVA ENPH HIW JBT MANH MTDR NBR NBHC NSC PKG PFSI RRC ROIC RHI RNST STX LRN TXN TRMK VMI VBTX VICR

Wednesday (October 23)

• Morning: APH T AVY BA BSX CME KO CSTM EVR FBP GEV GD HCSG HLT KBR LII LAD COOP EDU NEE NEP NTRS ODFL BPOP PRG PB ROP SF TMHC TDY TMO TRU TNL UNF UCB VRT WAB WSO WGO
• Afternoon: ALGN AMP ASGN CACI CP CLS CCS CHDN CYH CLB EGP EQC EPRT FAF GL GSHD GGG GBX IBM ICLR PI KALU KNX LRCX LVS LC MAT MXL MC MOH MSA NEM ORLY OII CASH PTEN PEGA PLXS QS RJF ROL SLM SEIC NOW SLP SSB STC TMUS TER TSLA TYL URI VLTO VKTX WCN WFRD WSBC WU WHR WH

Thursday (October 24) 

• Morning: ADT ALKS ALLE AB AAL AIT AMBP BHLB BFH BC CRS CARR CBRE COLB DOV DOW DTE EEFT XPRO FRME FSV FCN FCFS HOG HAS HON ITGR KDP KKR LADR LH LEA LTH LNN LKQ MSM NDAQ NTCT NOC OSIS PPBI POOL RDUS RS RCI RES R SPGI SMPL SAH SBSI LUV FTI TECK TXT SHYF TSCO TPH UNP UPS VLO VLY VIRT VC WNC WST WEX
• Afternoon: ABCB APPF ATR AJG ASB BYON SAM BYD COF CSL CINF COUR CUZ DECK DXCM DLR EW EXPO FHI FFBC FIBK GLPI GBCI HIG HTH DOC KNSL KN LHX MGRC MTX MHK NOV OLN PECO PDM PFG RMD SBCF SKX SPSC SSNC TXRH TROX UHS VRSN WDC WY WKC WSFS ZYXI

Friday (October 25)

• Morning: AON AN AVTR BCPC B BAH CNC CL FHB GNTX HCA LKFN NYCB NWL PIPR POR SAIA SNY SXT STEL TNET WT