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Carrier Global Corporation (CARR) Report Analysis

Corporate Events

Neutral

Carrier Global Corporation Presents at Morgan S...

2022-09-06 14:00:00

Carrier Global Corporation Presents at Morgan Stanley 10th Annual Laguna Conference, Sep-14-2022 12:50 PM. Venue: Ritz-Carlton, Dana Point, Ca...

Neutral

Russell Wilson to Partner with Carrier to Intro...

2022-09-02 11:45:00

NFL Super Bowl-winning quarterback Russell Wilson is partnering with Carrier Global Corporation, the leading global provider of healthy, safe,...

Positive

Carrier Launches Its New Carrier Ecohome Program

2022-08-24 14:27:00

Carrier has launched its new Carrier EcoHome Program. Designed to help homeowners, home builders and HVAC contractors best utilize the long-te...

Neutral

Morgan Stanley, Morgan Stanley 10th Annual Lagu...

2022-08-03 17:46:00

Morgan Stanley, Morgan Stanley 10th Annual Laguna Conference, Sep 14, 2022 through Sep 16, 2022. Venue: Ritz-Carlton, Dana Point, California, ...

Neutral

Tranche Update on Carrier Global Corporation (N...

2022-07-28 09:56:00

From April 1, 2022 to June 30, 2022, the company has repurchased 7,071,000 shares, representing 0.83% for $273.51 million. With this, the comp...

Positive

Butlr Technologies Inc. announced that it has r...

2022-07-26 00:00:00

Butlr Technologies Inc. announced that it has raised $20 million in a round of funding led by new investors, Tiger Global Management, LLC, Pri...

Neutral

Carrier Global Corporation to Offer Cooling-as-...

2022-07-11 14:05:00

Carrier Global Corporation has entered into an agreement with Office Partners XXIII Block G1 LLC (Office Partners) to design, build, own and o...

Neutral

Carrier Global Corporation, Q2 2022 Earnings Ca...

2022-07-05 20:15:00

Carrier Global Corporation, Q2 2022 Earnings Call, Jul 28, 2022

Neutral

Carrier Global Corporation to Report Q2, 2022 R...

2022-07-05 20:15:00

Carrier Global Corporation announced that they will report Q2, 2022 results on Jul 28, 2022

Negative

Carrier Global Corporation(NYSE:CARR) dropped f...

2022-06-24 00:00:00

Carrier Global Corporation(NYSE:CARR) dropped from Russell 3000 Growth Index

Negative

Carrier Global Corporation(NYSE:CARR) dropped f...

2022-06-24 00:00:00

Carrier Global Corporation(NYSE:CARR) dropped from Russell Midcap Growth Index

Negative

Carrier Global Corporation(NYSE:CARR) dropped f...

2022-06-24 00:00:00

Carrier Global Corporation(NYSE:CARR) dropped from Russell 1000 Growth Index

Negative

Carrier Global Corporation(NYSE:CARR) dropped f...

2022-06-24 00:00:00

Carrier Global Corporation(NYSE:CARR) dropped from Russell 3000E Growth Index

Positive

Carrier Board of Directors Declares Quarterly C...

2022-06-09 20:15:00

Carrier Global Corporation announced that its Board of Directors declared a quarterly dividend of $0.15 per outstanding share of Carrier commo...

Positive

OhmConnect, Inc. announced that it has received...

2022-06-09 00:00:00

On June 9, 2022, OhmConnect, Inc. closed the transaction. The company received $55 million in a round of funding co-led by new investors Clear...

Positive

Carrier Global Corporation, $ 0.15, Cash Divide...

2022-06-09 00:00:00

Carrier Global Corporation, $ 0.15, Cash Dividend, Jun-22-2022

Neutral

Carrier Global Corporation Presents at 15th Ann...

2022-05-18 02:32:00

Carrier Global Corporation Presents at 15th Annual Global Transportation & Industrials Conference, May-24-2022 09:10 AM. Speakers: Patrick P. ...

Neutral

Carrier Global Corporation Presents at Goldman ...

2022-05-04 20:15:00

Carrier Global Corporation Presents at Goldman Sachs Industrials & Materials Conference, May-10-2022 01:00 PM. Venue: New York City, New York,...

Neutral

Carrier Global Corporation Reaffirms Sales Guid...

2022-04-28 10:30:00

Carrier Global Corporation reaffirmed sales guidance for the year 2022. For the period, the company expects sales of $20 billion.

Neutral

Tranche Update on Carrier Global Corporation (N...

2022-04-28 10:17:00

From January 1, 2022 to March 31, 2022, the company has repurchased 15,667,000 shares, representing 1.82% for $740.42 million. With this, the ...

Positive

Carrier Global Corporation Board of Directors D...

2022-04-14 20:15:00

Carrier Global Corporation announced that its Board of Directors declared a quarterly dividend of $0.15 per outstanding share of Carrier commo...

Positive

Carrier Global Corporation, $ 0.15, Cash Divide...

2022-04-14 00:00:00

Carrier Global Corporation, $ 0.15, Cash Dividend, Apr-28-2022

Neutral

Carrier Global Corporation, Q1 2022 Earnings Ca...

2022-04-05 20:30:00

Carrier Global Corporation, Q1 2022 Earnings Call, Apr 28, 2022

Neutral

Carrier Global Corporation to Report Q1, 2022 R...

2022-04-05 20:30:00

Carrier Global Corporation announced that they will report Q1, 2022 results on Apr 28, 2022

Positive

Carrier Global Corporation Announces Reference ...

2022-03-29 17:15:00

Carrier Global Corporation announced the Reference Yields for its previously announced cash tender offers, in the order of priority set out in...

Neutral

Carrier Global Corporation - Shareholder/Analyst Call

2022-03-01 12:03:00

AGM

Neutral

Carrier Global Corporation, Annual General Meet...

2022-03-01 12:03:00

Carrier Global Corporation, Annual General Meeting, Apr 14, 2022, at 08:00 US Eastern Standard Time. Agenda: To consider election of directors...

Neutral

The Goldman Sachs Group, Inc., Goldman Sachs In...

2022-02-17 12:19:00

The Goldman Sachs Group, Inc., Goldman Sachs Industrials & Materials Conference, May 10, 2022 through May 12, 2022. Venue: New York City, New ...

Positive

OhmConnect, Inc. announced that it expects to r...

2022-02-14 00:00:00

OhmConnect, Inc. announced that it will issue 15,867,978 series D Preferred stock at an issue price of $3.4661 per share for gross proceeds of...

Neutral

Wolfe Research, LLC, 15th Annual Global Transpo...

2022-02-11 13:00:00

Wolfe Research, LLC, 15th Annual Global Transportation & Industrials Conference, May 24, 2022 through May 26, 2022.

Positive

Carrier Global Corp Mulls Acquisitions

2022-02-08 13:30:00

Carrier Global Corporation (NYSE:CARR) will look for acquisitions. Chief Executive Officer and Chairman David Gitlin said, "We have plenty of ...

Neutral

Carrier Global Corporation Provides Earnings Gu...

2022-02-08 11:30:00

Carrier Global Corporation provided earnings guidance for the year 2022. For the year, the company expects sales of approx. $20 billion.

Neutral

Carrier Presents at 2022 ASHRAE Winter Conferen...

2022-01-19 12:26:00

Carrier Presents at 2022 ASHRAE Winter Conference, Jan-29-2022 . Speakers: Dick Lord.

Neutral

Carrier Global Corporation, Q4 2021 Earnings Ca...

2022-01-18 13:30:00

Carrier Global Corporation, Q4 2021 Earnings Call, Feb 08, 2022

Neutral

Carrier Global Corporation to Report Q4, 2021 R...

2022-01-18 13:30:00

Carrier Global Corporation announced that they will report Q4, 2021 results on Feb 08, 2022

Neutral

American Society of Heating, Refrigerating and ...

2022-01-18 00:00:00

American Society of Heating, Refrigerating and Air-Conditioning Engineers, Inc., 2022 ASHRAE Winter Conference, Jan 29, 2022 through Feb 02, 2022.

Negative

Carrier Global Corporation Announces Retirement...

2021-12-17 21:15:00

Carrier Global Corporation announced that director John V. Faraci will not stand for re-election at the company's upcoming Annual Meeting of S...

Positive

Carrier Global Corporation Declares Quarterly D...

2021-12-08 21:15:00

Carrier Global Corporation announced that its Board of Directors declared a quarterly dividend of $0.15 per outstanding share of Carrier commo...

Positive

Carrier Global Corporation, $ 0.15, Cash Divide...

2021-12-08 00:00:00

Carrier Global Corporation, $ 0.15, Cash Dividend, Dec-22-2021

Neutral

Carrier Global Corporation Approves and Adopts ...

2021-11-23 21:10:00

On November 23, 2021, the Board of Directors of Carrier Global Corporation approved and adopted an amendment to Section 1.2(A) of the Bylaws o...

Neutral

Carrier Global Corporation Presents at Deutsche...

2021-11-06 03:32:00

Carrier Global Corporation Presents at Deutsche Bank Industrials Conference, Nov-17-2021 12:45 PM. Speakers: Patrick P. Goris, Senior VP & CFO.

Neutral

Carrier Global Corporation Presents at Baird Gl...

2021-11-03 20:15:00

Carrier Global Corporation Presents at Baird Global Industrial Conference 2021, Nov-11-2021 11:15 AM. Venue: Four Seasons Hotel, Chicago, Illi...

Positive

Carrier Global Corporation Updates Earnings Gui...

2021-10-28 10:30:00

Carrier Global Corporation updated earnings guidance for the year 2021. For the period, the company revised sales outlook to up ~16% year-over...

Neutral

Tranche Update on Carrier Global Corporation (N...

2021-10-28 09:56:00

From July 1, 2021 to September 30, 2021, the company has repurchased 2,652,000 shares, representing 0.31% for $146.39 million. With this, the ...

Positive

Carrier Global Corporation (NYSE:CARR) acquired...

2021-10-19 00:00:00

Carrier Global Corporation (NYSE:CARR) acquired Cavius Aps on October 19, 2021. Carrier Global Corporation (NYSE:CARR) completed the acquisit...

Neutral

Carrier Global Corporation Presents at Credit S...

2021-10-15 15:24:00

Carrier Global Corporation Presents at Credit Suisse 9th Annual Global Industrials Conference, Dec-01-2021 11:30 AM. Venue: Palm Beach, Florid...

Positive

Carrier Global Corporation Declares Quarterly D...

2021-10-14 20:15:00

Carrier Global Corporation announced that its Board of Directors declared a quarterly dividend of $0.12 per outstanding share of the company c...

Positive

Carrier Global Corporation, $ 0.12, Cash Divide...

2021-10-14 00:00:00

Carrier Global Corporation, $ 0.12, Cash Dividend, Oct-28-2021

Neutral

Carrier Global Corporation Presents at Global C...

2021-10-09 04:44:00

Carrier Global Corporation Presents at Global CISO Virtual Executive Summit, Oct-12-2021 09:00 AM. Speakers: Nicole Ford, VP and Chief Informa...

Neutral

Carrier Global Corporation to Report Q3, 2021 R...

2021-10-07 20:15:00

Carrier Global Corporation announced that they will report Q3, 2021 results on Oct 28, 2021

Neutral

Carrier Global Corporation, Q3 2021 Earnings Ca...

2021-10-07 20:15:00

Carrier Global Corporation, Q3 2021 Earnings Call, Oct 28, 2021

Positive

Carrier Global Corporation (NYSE:CARR) complete...

2021-10-05 00:00:00

Carrier Global Corporation (NYSE:CARR) signed an agreement to acquire nlyte Software Inc. on September 22, 2021. Nlyte will become part of Aut...

Positive

Carrier Expands Healthy Homes Offering in China...

2021-10-04 15:05:00

Carrier is expanding its Healthy Homes effort in China with the launch of its innovative Kidde MOON series of smart home devices. The new prod...

Positive

Carrier Global Corporation (NYSE:CARR) complete...

2021-10-01 00:00:00

Carrier Global Corporation (NYSE:CARR) signed an agreement to acquire BrokerBay Inc. on September 16, 2021. The transaction is expected to clo...

Neutral

Carrier Global Corporation Presents at Morgan Stanley 10th Annual Laguna Conference, Sep-14-2022 12:50 PM

2022-09-06 14:00:00

Carrier Global Corporation Presents at Morgan Stanley 10th Annual Laguna Conference, Sep-14-2022 12:50 PM. Venue: Ritz-Carlton, Dana Point, California, United States. Speakers: David L. Gitlin, Chairman & CEO.

Neutral

Russell Wilson to Partner with Carrier to Introduce Solutions for Healthy and Sustainable Indoor Environments

2022-09-02 11:45:00

NFL Super Bowl-winning quarterback Russell Wilson is partnering with Carrier Global Corporation, the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, to help launch solutions critical to healthy and sustainable buildings and homes. As health and physical well-being are paramount to Wilson's high-performance career, the Denver Broncos quarterback will partner with Carrier to introduce customers to differentiated offerings for healthy indoor air quality and sustainable solutions.

Positive

Carrier Launches Its New Carrier Ecohome Program

2022-08-24 14:27:00

Carrier has launched its new Carrier EcoHome Program. Designed to help homeowners, home builders and HVAC contractors best utilize the long-term tax credits available, the program also helps consumers further maximize savings while improving sustainability. Carrier Global Corporation is the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions. Carrier's EcoHome Program features strategic financing options available only through Carrier's network of experienced dealers. For qualified buyers in 2023, the new Carrier EcoHome Program will offer low-rate financing on eligible high-efficiency products such as Carrier's Infinity® series air conditioners and heat pumps. Additionally, consumers may qualify for up to $1,750 of additional savings with Carrier's Cool Cash seasonal program offered by most Carrier Factory Authorized Dealers. Eligible buyers have the potential to increase system savings from $300 up to $3,750 or more on certain high-efficiency heat pump systems through a combination of Inflation Reduction Act incentives and Carrier's Cool Cash offerings. Eligible products include Carrier's Infinity 24 heat pump with Greenspeed® intelligence. These solutions can lower heating and cooling costs, saving consumers up to 20% annually, while reducing greenhouse gas emissions by up to 13 metric tons over their average lifespan. The Carrier rebates and financing options available through its dealer network, coupled with federal incentives related to energy-efficient models, present consumers with a win-win of sustainable, cost-effective heating and cooling solutions. In anticipation of an expected increase in consumer demand, Carrier is also designating its Collierville, Tennessee facility as its Center of Excellence for high-efficiency heat pump production and will invest in the development of new energy-efficient, low Global Warming Potential (GWP)-refrigerant heat pump solutions. Carrier has already committed to investing $2 billion by the end of 2030 on sustainable solution innovation, with a focus on more energy-efficient air conditioning systems, lower-GWP refrigerants and refrigerant alternatives, and electric heat pumps. Consumers can also turn to the experts at Carrier for educational resources about the various tax credits available, including: Nonbusiness Energy Property Credit: Provides a tax credit to homeowners equal to 30% of installation costs for the highest efficiency tier products, up to a maximum of $600 for qualified air conditioners and furnaces, and a maximum of $2,000 for qualified heat pumps effective Jan. 1, 2023. Residential Energy Efficient Property Credit: Provides a tax credit to homeowners equal to 30% of installation costs for ENERGY STAR® geothermal products. New Energy Efficient Home Credit: Provides tax credits to building contractors for meeting specific, energy-savings criteria. The tax credits for ENERGY STAR 3.1 certified housing are $2,500 for single-family homes and $500 for multi-family units. For meeting the Department of Energy's Zero Energy Ready requirements, the tax credit increases to $5,000 for single-family and $1,000 for multi-family residences. High-Efficiency Electric Home Rebate Program: Provides income-depending rebates of up to $8,000 for all-electric heat pumps to eligible homeowners.

Neutral

Morgan Stanley, Morgan Stanley 10th Annual Laguna Conference, Sep 14, 2022 through Sep 16, 2022

2022-08-03 17:46:00

Morgan Stanley, Morgan Stanley 10th Annual Laguna Conference, Sep 14, 2022 through Sep 16, 2022. Venue: Ritz-Carlton, Dana Point, California, United States.

Neutral

Tranche Update on Carrier Global Corporation (NYSE:CARR)'s Equity Buyback Plan announced on February 9, 2021.

2022-07-28 09:56:00

From April 1, 2022 to June 30, 2022, the company has repurchased 7,071,000 shares, representing 0.83% for $273.51 million. With this, the company has completed the repurchase of 33,114,374 shares, representing 3.85% for $1,543.41 million under the buyback announced on February 9, 2021.

Positive

Butlr Technologies Inc. announced that it has received $20 million in funding from a group of investors

2022-07-26 00:00:00

Butlr Technologies Inc. announced that it has raised $20 million in a round of funding led by new investors, Tiger Global Management, LLC, Primetime Partners LLC and individual investor, Ray Stata on July 26, 2022. The transaction included participation from new investor, Carrier Global Corporation and returning investors, Union Labs, The E14 Fund, Hyperplane Venture Capital and Tectonic Ventures, L.P., and new investor Scale Asia Ventures. The company raised $29.1 million till date.

Neutral

Carrier Global Corporation to Offer Cooling-as-a-Service for the FNB Financial Center

2022-07-11 14:05:00

Carrier Global Corporation has entered into an agreement with Office Partners XXIII Block G1 LLC (Office Partners) to design, build, own and operate the heating and air conditioning plant at the new FNB Financial Center in Pittsburgh. Carrier will provide a turnkey high-efficiency heating and cooling plant for the new building that will contribute to the building's targeted LEED Silver rating. Supported by its advanced Abound digital controls and BluEdge services capabilities, Carrier's Cooling-as-a-Service offering will deliver high energy efficiency, uptime and comfort over the life of the contract while reducing operational cost risk for the building owner. Office Partners, the owner and development company for FNB Financial Center, is comprised of the Buccini/Pollin Group (BPG), the Pittsburgh Penguins and other investors. FNB Financial Center is a new 26-story and 475,000-square-foot mixed-use tower with Class A office space that will consolidate FNB Corporation regional headquarters operations. The FNB Financial Center is the first step in the redevelopment of the 28-acre site in the Lower Hill District of Pittsburgh. Carrier helped design and configure the 1,250-ton central plant to include best-in-class Carrier chillers combined with high-efficiency condensing boilers that are continuously optimized by advanced controls. The plant will be backed by Carrier's Abound IoT platform for remote monitoring including advanced analytics for continuous commissioning and diagnostics to deliver high availability of cooling and heating capacity. Carrier service experts will operate, maintain and upgrade the plant for the life of the contract to ensure it is performing to the highest level of energy efficiency, maintaining comfort for building occupants and delivering lowest cost of operations. Construction of FNB Financial Center is led by P.J. Dick and JLL is the owner's advisor for the Pittsburgh Penguins on the project. Construction of the tower is expected to be completed late 2023.

Neutral

Carrier Global Corporation, Q2 2022 Earnings Call, Jul 28, 2022

2022-07-05 20:15:00

Carrier Global Corporation, Q2 2022 Earnings Call, Jul 28, 2022

Neutral

Carrier Global Corporation to Report Q2, 2022 Results on Jul 28, 2022

2022-07-05 20:15:00

Carrier Global Corporation announced that they will report Q2, 2022 results on Jul 28, 2022

Negative

Carrier Global Corporation(NYSE:CARR) dropped from Russell 3000 Growth Index

2022-06-24 00:00:00

Carrier Global Corporation(NYSE:CARR) dropped from Russell 3000 Growth Index

Negative

Carrier Global Corporation(NYSE:CARR) dropped from Russell Midcap Growth Index

2022-06-24 00:00:00

Carrier Global Corporation(NYSE:CARR) dropped from Russell Midcap Growth Index

Negative

Carrier Global Corporation(NYSE:CARR) dropped from Russell 1000 Growth Index

2022-06-24 00:00:00

Carrier Global Corporation(NYSE:CARR) dropped from Russell 1000 Growth Index

Negative

Carrier Global Corporation(NYSE:CARR) dropped from Russell 3000E Growth Index

2022-06-24 00:00:00

Carrier Global Corporation(NYSE:CARR) dropped from Russell 3000E Growth Index

Positive

Carrier Board of Directors Declares Quarterly Cash Dividend, Payable on August 10, 2022

2022-06-09 20:15:00

Carrier Global Corporation announced that its Board of Directors declared a quarterly dividend of $0.15 per outstanding share of Carrier common stock. The dividend will be payable on August 10, 2022, to shareowners of record at the close of business on June 23, 2022.

Positive

OhmConnect, Inc. announced that it has received $54.999999 million in funding from a group of investors

2022-06-09 00:00:00

On June 9, 2022, OhmConnect, Inc. closed the transaction. The company received $55 million in a round of funding co-led by new investors ClearSky, TELUS Ventures and returning investor Sidewalk Infrastructure Partners, LLC. The transaction also included participation from new investors Japan Energy Capital 2 L.P., fund managed by Japan Energy Capital G.K., SunPower Corporation, Carrier Global Corporation, returning investors City Light Capital, Elemental Excelerator, Floodgate Fund, LP, Radicle Impact LLC, Citi Impact Fund, a fund managed by Citi Ventures, Inc.

Positive

Carrier Global Corporation, $ 0.15, Cash Dividend, Jun-22-2022

2022-06-09 00:00:00

Carrier Global Corporation, $ 0.15, Cash Dividend, Jun-22-2022

Neutral

Carrier Global Corporation Presents at 15th Annual Global Transportation & Industrials Conference, May-24-2022 09:10 AM

2022-05-18 02:32:00

Carrier Global Corporation Presents at 15th Annual Global Transportation & Industrials Conference, May-24-2022 09:10 AM. Speakers: Patrick P. Goris, Senior VP & CFO.

Neutral

Carrier Global Corporation Presents at Goldman Sachs Industrials & Materials Conference, May-10-2022 01:00 PM

2022-05-04 20:15:00

Carrier Global Corporation Presents at Goldman Sachs Industrials & Materials Conference, May-10-2022 01:00 PM. Venue: New York City, New York, United States. Speakers: David L. Gitlin, Chairman & CEO.

Neutral

Carrier Global Corporation Reaffirms Sales Guidance for the Year 2022

2022-04-28 10:30:00

Carrier Global Corporation reaffirmed sales guidance for the year 2022. For the period, the company expects sales of $20 billion.

Neutral

Tranche Update on Carrier Global Corporation (NYSE:CARR)'s Equity Buyback Plan announced on February 9, 2021.

2022-04-28 10:17:00

From January 1, 2022 to March 31, 2022, the company has repurchased 15,667,000 shares, representing 1.82% for $740.42 million. With this, the company has completed the repurchase of 26,043,374 shares, representing 3.01% for $1,269.9 million under the buyback announced on February 9, 2021.

Positive

Carrier Global Corporation Board of Directors Declares Quarterly Cash Dividend, Payable on May 19, 2022

2022-04-14 20:15:00

Carrier Global Corporation announced that its Board of Directors declared a quarterly dividend of $0.15 per outstanding share of Carrier common stock. The dividend will be payable on May 19, 2022 to shareowners of record at the close of business on April 29, 2022.

Positive

Carrier Global Corporation, $ 0.15, Cash Dividend, Apr-28-2022

2022-04-14 00:00:00

Carrier Global Corporation, $ 0.15, Cash Dividend, Apr-28-2022

Neutral

Carrier Global Corporation, Q1 2022 Earnings Call, Apr 28, 2022

2022-04-05 20:30:00

Carrier Global Corporation, Q1 2022 Earnings Call, Apr 28, 2022

Neutral

Carrier Global Corporation to Report Q1, 2022 Results on Apr 28, 2022

2022-04-05 20:30:00

Carrier Global Corporation announced that they will report Q1, 2022 results on Apr 28, 2022

Positive

Carrier Global Corporation Announces Reference Yields for Its Cash Tender Offers for Its Outstanding Debt Securities

2022-03-29 17:15:00

Carrier Global Corporation announced the Reference Yields for its previously announced cash tender offers, in the order of priority set out in the table below, for up to an aggregate principal amount of the outstanding senior notes such that the aggregate amount payable upon settlement (exclusive of accrued and unpaid interest) (i) for all Securities purchased in the Tender Offers does not exceed $1,150,000,000 (the "Aggregate Tender Cap") and (ii) for the Company's 2.242% Senior Notes due 2025 (the "Notes due 2025") purchased in the Tender Offers does not exceed $800,000,000 (the Series Tender Cap). The Tender Offers are being made pursuant to an offer to purchase, dated March 15, 2022 (as it may be amended or supplemented from time to time, the "Offer to Purchase"), which sets out the terms and conditions of the Tender Offers. The Tender Offers will expire at 11:59 p.m., New York City time, on April 11, 2022, or, in each case, any other date and time to which the Company extends the applicable Tender Offer (such date and time, as it may be extended with respect to a Tender Offer, the applicable "Expiration Date"), unless earlier terminated.

Neutral

Carrier Global Corporation - Shareholder/Analyst Call

2022-03-01 12:03:00

AGM

Neutral

Carrier Global Corporation, Annual General Meeting, Apr 14, 2022

2022-03-01 12:03:00

Carrier Global Corporation, Annual General Meeting, Apr 14, 2022, at 08:00 US Eastern Standard Time. Agenda: To consider election of directors; to consider advisory Vote to Approve Named Executive Officer Compensation; to consider appoint PricewaterhouseCoopers LLP to Serve as Independent Auditor for 2022; and to consider any other matters.

Neutral

The Goldman Sachs Group, Inc., Goldman Sachs Industrials & Materials Conference, May 10, 2022 through May 12, 2022

2022-02-17 12:19:00

The Goldman Sachs Group, Inc., Goldman Sachs Industrials & Materials Conference, May 10, 2022 through May 12, 2022. Venue: New York City, New York, United States.

Positive

OhmConnect, Inc. announced that it expects to receive $54.999999 million in funding

2022-02-14 00:00:00

OhmConnect, Inc. announced that it will issue 15,867,978 series D Preferred stock at an issue price of $3.4661 per share for gross proceeds of $54,999,998.55 on February 14, 2022. The shares are convertible, non-cumulative, participating. The series D shares carry non-cumulative fixed dividend value of $0.2773 per share per annum respectively. The shares will be convertible into common shares at a fixed conversion price of $3.4661 per share.

Neutral

Wolfe Research, LLC, 15th Annual Global Transportation & Industrials Conference, May 24, 2022 through May 26, 2022

2022-02-11 13:00:00

Wolfe Research, LLC, 15th Annual Global Transportation & Industrials Conference, May 24, 2022 through May 26, 2022.

Positive

Carrier Global Corp Mulls Acquisitions

2022-02-08 13:30:00

Carrier Global Corporation (NYSE:CARR) will look for acquisitions. Chief Executive Officer and Chairman David Gitlin said, "We have plenty of firepower for additional acquisitions. So we've done a lot of work in building out the pipeline. Of course, our focus right now is integrating closing on and then integrating Toshiba. But we continue to look for other acquisitions. And we want to make sure that they're in the fairway and focused on our key areas of strategic priorities: healthy, safe, sustainable and intelligent building and cold chain solutions".

Neutral

Carrier Global Corporation Provides Earnings Guidance for the Year 2022

2022-02-08 11:30:00

Carrier Global Corporation provided earnings guidance for the year 2022. For the year, the company expects sales of approx. $20 billion.

Neutral

Carrier Presents at 2022 ASHRAE Winter Conference, Jan-29-2022

2022-01-19 12:26:00

Carrier Presents at 2022 ASHRAE Winter Conference, Jan-29-2022 . Speakers: Dick Lord.

Neutral

Carrier Global Corporation, Q4 2021 Earnings Call, Feb 08, 2022

2022-01-18 13:30:00

Carrier Global Corporation, Q4 2021 Earnings Call, Feb 08, 2022

Neutral

Carrier Global Corporation to Report Q4, 2021 Results on Feb 08, 2022

2022-01-18 13:30:00

Carrier Global Corporation announced that they will report Q4, 2021 results on Feb 08, 2022

Neutral

American Society of Heating, Refrigerating and Air-Conditioning Engineers, Inc., 2022 ASHRAE Winter Conference, Jan 29, 2022 through Feb 02, 2022

2022-01-18 00:00:00

American Society of Heating, Refrigerating and Air-Conditioning Engineers, Inc., 2022 ASHRAE Winter Conference, Jan 29, 2022 through Feb 02, 2022.

Negative

Carrier Global Corporation Announces Retirement of John V. Faraci as Director

2021-12-17 21:15:00

Carrier Global Corporation announced that director John V. Faraci will not stand for re-election at the company's upcoming Annual Meeting of Shareowners on April 14, 2022. Mr. Faraci will continue to serve on the Board until the Annual Meeting. Faraci has been a member of the company board since the company separated from United Technologies in April 2020 and served as Executive Chairman until April 2021.

Positive

Carrier Global Corporation Declares Quarterly Dividend, Payable on February 10, 2022

2021-12-08 21:15:00

Carrier Global Corporation announced that its Board of Directors declared a quarterly dividend of $0.15 per outstanding share of Carrier common stock, which represents a 25% increase over the prior quarterly dividend. The dividend will be payable on February 10, 2022 to shareowners of record at the close of business on December 23, 2021.

Positive

Carrier Global Corporation, $ 0.15, Cash Dividend, Dec-22-2021

2021-12-08 00:00:00

Carrier Global Corporation, $ 0.15, Cash Dividend, Dec-22-2021

Neutral

Carrier Global Corporation Approves and Adopts Amendment to Section 1.2(A) of the Bylaws

2021-11-23 21:10:00

On November 23, 2021, the Board of Directors of Carrier Global Corporation approved and adopted an amendment to Section 1.2(A) of the Bylaws of the company regarding the calling of special meetings of shareowners. The amendment removed the one-year continuous ownership requirement for shareowners representing at least 15% of the company's outstanding shares of capital stock to request a special meeting of shareowners. The amendment to Section 1.2(A) of the Bylaws approved and adopted by the Board was effective immediately upon approval and adoption.

Neutral

Carrier Global Corporation Presents at Deutsche Bank Industrials Conference, Nov-17-2021 12:45 PM

2021-11-06 03:32:00

Carrier Global Corporation Presents at Deutsche Bank Industrials Conference, Nov-17-2021 12:45 PM. Speakers: Patrick P. Goris, Senior VP & CFO.

Neutral

Carrier Global Corporation Presents at Baird Global Industrial Conference 2021, Nov-11-2021 11:15 AM

2021-11-03 20:15:00

Carrier Global Corporation Presents at Baird Global Industrial Conference 2021, Nov-11-2021 11:15 AM. Venue: Four Seasons Hotel, Chicago, Illinois, United States. Speakers: David L. Gitlin, CEO & Chairman, Patrick P. Goris, Senior VP & CFO.

Positive

Carrier Global Corporation Updates Earnings Guidance for the Year 2021

2021-10-28 10:30:00

Carrier Global Corporation updated earnings guidance for the year 2021. For the period, the company revised sales outlook to up ~16% year-over-year against prior outlook of up 14% - 16% year-over-year.

Neutral

Tranche Update on Carrier Global Corporation (NYSE:CARR)'s Equity Buyback Plan announced on February 9, 2021.

2021-10-28 09:56:00

From July 1, 2021 to September 30, 2021, the company has repurchased 2,652,000 shares, representing 0.31% for $146.39 million. With this, the company has completed the repurchase of 5,706,374 shares, representing 0.66% for $276.51 million under the buyback announced on February 9, 2021.

Positive

Carrier Global Corporation (NYSE:CARR) acquired Cavius Aps.

2021-10-19 00:00:00

Carrier Global Corporation (NYSE:CARR) acquired Cavius Aps on October 19, 2021. Carrier Global Corporation (NYSE:CARR) completed the acquisition of Cavius Aps on October 19, 2021.

Neutral

Carrier Global Corporation Presents at Credit Suisse 9th Annual Global Industrials Conference, Dec-01-2021 11:30 AM

2021-10-15 15:24:00

Carrier Global Corporation Presents at Credit Suisse 9th Annual Global Industrials Conference, Dec-01-2021 11:30 AM. Venue: Palm Beach, Florida, United States. Speakers: David L. Gitlin, CEO & Chairman, Patrick P. Goris, Senior VP & CFO.

Positive

Carrier Global Corporation Declares Quarterly Dividend, Payable on November 22, 2021

2021-10-14 20:15:00

Carrier Global Corporation announced that its Board of Directors declared a quarterly dividend of $0.12 per outstanding share of the company common stock. The dividend will be payable on November 22, 2021 to shareowners of record at the close of business on October 29, 2021.

Positive

Carrier Global Corporation, $ 0.12, Cash Dividend, Oct-28-2021

2021-10-14 00:00:00

Carrier Global Corporation, $ 0.12, Cash Dividend, Oct-28-2021

Neutral

Carrier Global Corporation Presents at Global CISO Virtual Executive Summit, Oct-12-2021 09:00 AM

2021-10-09 04:44:00

Carrier Global Corporation Presents at Global CISO Virtual Executive Summit, Oct-12-2021 09:00 AM. Speakers: Nicole Ford, VP and Chief Information Security Officer.

Neutral

Carrier Global Corporation to Report Q3, 2021 Results on Oct 28, 2021

2021-10-07 20:15:00

Carrier Global Corporation announced that they will report Q3, 2021 results on Oct 28, 2021

Neutral

Carrier Global Corporation, Q3 2021 Earnings Call, Oct 28, 2021

2021-10-07 20:15:00

Carrier Global Corporation, Q3 2021 Earnings Call, Oct 28, 2021

Positive

Carrier Global Corporation (NYSE:CARR) completed the acquisition of nlyte Software Inc.

2021-10-05 00:00:00

Carrier Global Corporation (NYSE:CARR) signed an agreement to acquire nlyte Software Inc. on September 22, 2021. Nlyte will become part of Automated Logic Corporation. The transaction is subject to customary closing conditions and expected to close in the fourth quarter of 2021. Christopher Quinn and Daniel Cousens of Linklaters C. Wisniewski i Wspolnicy Spolka Komandytowa acted as legal advisor to Carrier Global Corporation. Robert W. Baird & Co. Incorporated acted as financial advisor to nlyte Software Inc in the deal. Carrier Global Corporation (NYSE:CARR) completed the acquisition of nlyte Software Inc. on October 5, 2021.

Positive

Carrier Expands Healthy Homes Offering in China with Launch of Kidde MOON Smart Home Devices

2021-10-04 15:05:00

Carrier is expanding its Healthy Homes effort in China with the launch of its innovative Kidde MOON series of smart home devices. The new product line, which includes smoke detectors and gas, temperature, relative humidity, water leak and motion detectors, marks the company's entrance into China's growing residential, consumer smart home products segment. Together, the MOON devices offer an enhanced holistic home health experience and convenient monitoring, through connectivity to a mobile application.

Positive

Carrier Global Corporation (NYSE:CARR) completed the acquisition of BrokerBay Inc.

2021-10-01 00:00:00

Carrier Global Corporation (NYSE:CARR) signed an agreement to acquire BrokerBay Inc. on September 16, 2021. The transaction is expected to close in October 2021. Carrier Global Corporation (NYSE:CARR) completed the acquisition of BrokerBay Inc. on October 1, 2021. As per closing, BrokerBay will become part of Supra. Armand M. Benitah, M. Craig G. Brown, Daniel Fabiano, Karen M. Sargeant and Mitchell L. Thaw of Fasken Martineau acted as legal advisor for BrokerBay Inc. in the transaction.

Fundamental Summary

Carrier published impressively positive results on 2022-04-28. it continues to impress in terms of value, growth, and income factors, which point to a bright outlook moving forward. These encouraging results suggest a bright future for Carrier's stock. As such, Carrier received an overall score of 92 and a STRONG BUY recommendation.

Carrier reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 5,211 million compared to USD 5,440 million a year ago. Net income was USD 573 million compared to USD 487 million a year ago. Basic earnings per share from continuing operations was USD 0.68 compared to USD 0.56 a year ago. Diluted earnings per share from continuing operations was USD 0.67 compared to USD 0.55 a year ago.For the six months, revenue was USD 9,865 million compared to USD 10,139 million a year ago. Net income was USD 1,952 million compared to USD 871 million a year ago. Basic earnings per share from continuing operations was USD 2.3 compared to USD 1 a year ago. Diluted earnings per share from continuing operations was USD 2.25 compared to USD 0.98 a year ago.

Business Description

Carrier provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers. Its products include air conditioners, heating systems, controls, and aftermarket components, as well as aftermarket repair and maintenance services and building automation solutions. The Refrigeration segment offers transport refrigeration and monitoring products and services, as well as digital solutions for trucks, trailers, shipping containers, intermodal applications, food retail, and warehouse cooling; and commercial refrigeration solutions, such as refrigerated cabinets, freezers, systems, and controls. The Fire & Security segment provides various residential, commercial, and industrial technologies, including fire, flame, gas, smoke, and carbon monoxide detection; portable fire extinguishers; fire suppression systems; intruder alarms; access control systems; video management systems; and electronic controls. Its other fire and security service offerings comprise audit, design, installation, and system integration, as well as aftermarket maintenance and repair and monitoring services. The company offers its products under the Autronica, Det-Tronics, Edwards, Fireye, GST, Kidde, LenelS2, Marioff, Onity, and Supra; Carrier, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, and Riello; and Carrier Commercial Refrigeration, Carrier Transicold, and Sensitech brands. The company was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.

Sector Overview

Carrier is included in the Building Products according to GICS (global industry classification standard). The Building Products industry is part of the Industrials sector. Manufacturers of building components, home improvement products, and related equipment are included in this industry. The industry doesn't include manufacturers of lumber or plywood classified under Forest Products, nor does it include cement and other similar materials that are classified under Construction Materials. Carrier's industry and sector affiliation are expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 24.2B -7.6% 76
Liabilities 16.8B -12.1% 64
Price to Book 5.5 -20.7% 77
Cash & Equivalents 3.6B 20.7% 87
Equity 7.1B 4.9% 89
EBITDA 3.1B -0.0% 72
Total Revenues 20.6B -0.2% 87
Parameter Value Change Score
Return on Equity 37.8 52.1% 87
Net Cashflow 982.0M 843.9% 76
Capital Expenditure -347.0M -0.9% 67
Asset Turnover 0.8 4.3% 75
Free Cashflow Per Share 1.7 -20.2% 57
* All values are TTM

The below chart reflects Carrier's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Carrier's peer average final assessment score stands on 70, Carrier's score is 92.

  •  CARR
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Johnson Controls International plc 34.0B 61 62 54
Underperform
57
57 0 1
Trane Technologies plc 33.6B 58 72 64
Hold
64
64 1 1
Carlisle Companies Incorporated 14.2B 89 72 73
Buy
80
80 2 1
Masco Corporation 10.3B 65 74 72
Hold
70
70 3 1
Advanced Drainage Systems, Inc. 10.0B 96 73 68
Buy
82
82 4 1
Builders FirstSource, Inc. 8.5B 69 74 80
Hold
74
74 5 1
Lennox International Inc. 7.8B 83 68 53
Hold
70
70 6 1
Allegion plc 7.8B 88 67 47
Hold
70
70 7 1
A. O. Smith Corporation 7.6B 66 70 62
Hold
66
66 8 1
Owens Corning 7.4B 87 68 65
Hold
75
75 9 1
Fortune Brands Home & Security, Inc. 7.0B 75 66 56
Hold
66
66 10 1
Trex Company, Inc. 4.9B 51 73 74
Hold
64
64 11 1
Zurn Elkay Water Solutions Corporation 4.4B 88 67 59
Hold
73
73 12 1
Armstrong World Industries, Inc. 3.6B 73 65 64
Hold
67
67 13 1
Simpson Manufacturing Co., Inc. 3.4B 54 61 77
Underperform
60
60 14 1
Resideo Technologies, Inc. 2.8B 75 76 62
Hold
73
73 15 1
The AZEK Company Inc. 2.4B 82 68 76
Hold
75
75 16 1
Hayward Holdings, Inc. 2.0B 60 77 58
Hold
66
66 17 1
Griffon Corporation 1.6B 84 76 89
Buy
83
83 18 1
Masonite International Corporation 1.5B 92 73 74
Buy
82
82 19 1
Janus International Group, Inc. 1.3B 95 72 60
Buy
79
79 20 1
PGT Innovations, Inc. 1.2B 88 73 88
Buy
84
84 21 1
Tecnoglass Inc. 950.2M 82 68 70
Hold
74
74 22 1
ElkCorp 897.2M 60 59 56
Underperform
58
58 23 1
JELD-WEN Holding, Inc. 741.5M 67 61 51
Underperform
59
59 24 1
Quanex Building Products Corporation 604.0M 90 76 88
Buy
86
86 25 1
Insteel Industries, Inc. 511.1M 73 67 55
Hold
65
65 26 1
UFP Industries, Inc. 4.2B 96 69 83
Buy
84
84 27 1
AAON, Inc. 2.9B 84 48 48
Underperform
58
58 28 1
CSW Industrials, Inc. 1.9B 74 70 62
Hold
69
69 29 1
Gibraltar Industries, Inc. 1.2B 78 76 44
Hold
69
69 30 1
Apogee Enterprises, Inc. 841.5M 56 85 57
Hold
68
68 31 1
American Woodmark Corporation 729.5M 87 79 85
Buy
85
85 32 1
PW Eagle, Inc. 391.1M 60 68 58
Underperform
59
59 33 1
Caesarstone Ltd. 307.5M 56 65 69
Hold
64
64 34 1
View, Inc. 291.6M 52 70 76
Hold
63
63 35 1
Burnham Holdings, Inc. 59.5M 61 48 72
Underperform
52
52 36 1
Alpha Pro Tech, Ltd. 51.6M 87 61 70
Hold
75
75 37 1
AeroClean Technologies, Inc. 39.8M 60 48 67
Underperform
51
51 38 1
Tecogen Inc. 24.8M 50 47 66
Underperform
44
44 39 1
Jewett-Cameron Trading Company Ltd. 18.3M 83 63 61
Hold
71
71 40 1
Applied UV, Inc. 17.0M 71 53 59
Underperform
57
57 41 1
CEA Industries Inc. 8.2M 84 79 68
Buy
86
86 42 1
Antelope Enterprise Holdings Limited 5.7M 53 72 65
Hold
64
64 43 1
Gen 2 Technologies Inc. 888.3K 78 63 76
Hold
73
73 44 1
Armstrong Flooring, Inc. 570.6K 54 78 55
Hold
64
64 45 1
Trutankless, Inc. 4.1K 55 71 52
Hold
61
61 46 1

Macro Environment

Neutral
79

Typically, the stock market in United States will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world. Our assessment is that these two events may influence global market sentiment. On the negative side we have the consumer price index and future intrest rates, and on the positive side we have the labor market.

Positive Labor market

A positive sign in the economy right now is the labor market. Employers have added nearly six million jobs in the past year, and unemployment has matched a 50-year low. The unemployment rate is used as a measure of the economy's health as a high employment rate is generally considered to have a positive effect on a country's GDP.

Negative Consumer price index and future intrest rates

Many investors were surprised by the high CPI numbers in the US, resulting in a strengthening dollar index, since interest rates are expected to continue to rise at an even steeper pace than expected. In light of the fact that many companies sell their goods and services outside the US, the strengthening of the dollar could be a difficult headwind for them. The exchange rate losses will continue to occur if the dollar continues to strengthen, with the continuation of hot data from the American economy as well as the Fed's hawkish tone and the continuation of interest rate increases.

Besides the events we mentioned, there are also specific events related to the Capital Goods industry of which Carrier Global Corporation is a part. As a result, we believe that the declining metals price is a positive event that will continue to support the industry in the future, whereas the rising energy price may cloud the sector's shares.

Positive Declining metals price

Over the last month, there has been a drop in the price of Steel and Titanium. This drop is expected to decrease the production costs of some manufacturers in the industry, mainly heavy equipment manufacturers and car factories.

Negative Rising energy price

During the past month, world gas and oil prices have risen, with a barrel of crude oil trading at $85-$95 per barrel. Transport or utility companies, as well as manufacturers in all industries, are expected to suffer from increases in energy expenditures.

In considering the current macro environment and the risks that might affect Carrier Global Corporation stock, we came to the conclusion that recent events aren't likely to affect the company's performance in the short term, and thus rated Carrier Global Corporation macro environment with the score of 79.

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Carrier's stock is now priced below its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a negative setup in the near, medium, and long-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Carrier's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 42.

Bearish 42
Close Price 35.55
52W Low 34.41
52W High 57.15
5D MA 36.13
50D MA 40.32
200D MA 42.83
MACD -1.32
RSI 25.08
STOCH 3.85

Balance Sheet Analysis

Two main balance sheet metrics are driving the positive outlook for Carrier's financial strength going forward. Carrier reported solid equity numbers this period. At filing, equity was reported as 7.1B, representing 4.9% change from the previous period. Companies in the same sector and market capitalization will usually be affected by up to 1.7 percent by this parameter. This performance is significantly more impressive than its peers and competitors. Consequently, their equity movement received a grade of 89. Also, Carrier's management was effective in improving its cash and cash equivalents metrics, which now sit at 3.6B. This represents 20.7% change from the last reporting period. Its impressive cash and cash equivalents metrics should support upward pressure on its's stock price. Consequently, their cash and cash equivalents movement received a grade of 87. However, one discouraging result, Liabilities, stood out. In terms of liabilities, Carrier published uninspiring results. Their reported liabilities were 16.8B, representing a -12.1% change from the previous report. Carrier's liabilities changes appear mediocre compared to their peers. Contextually, they convey that management finds balancing asset growth, resource allocation, and liabilities challenging. Discouraging results like these statistically lead to negative movement in stock prices, so we rated their liabilities movement component 64. Consequently, its balance sheet earned a rank of 92.

Parameter Value Change Score
Assets 24.2B -7.6% 76
Liabilities 16.8B -12.1% 64
Price to Book 5.5 -20.7% 77
Cash & Equivalents 3.6B 20.7% 87
Equity 7.1B 4.9% 89
* All values are TTM

The below chart describes Carrier's performance as reflected on its balance sheet with respect to its peers. While Carrier received a balance sheet score of 92, the average of its peers stands on 74.

  •  CARR
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Johnson Controls International plc 34.0B 64.0 76.0 64.0 51.0 48.0 61 0 1
Trane Technologies plc 33.6B 57.0 73.0 62.0 49.0 51.0 58 1 1
Carlisle Companies Incorporated 14.2B 63.0 71.0 75.0 86.0 91.0 89 2 1
Masco Corporation 10.3B 65.0 75.0 75.0 58.0 46.0 65 3 1
Advanced Drainage Systems, Inc. 10.0B 72.0 61.0 94.0 98.0 92.0 96 4 1
Builders FirstSource, Inc. 8.5B 73.0 68.0 75.0 40.0 86.0 69 5 1
Lennox International Inc. 7.8B 67.0 62.0 84.0 95.0 65.0 83 6 1
Allegion plc 7.8B 83.0 61.0 73.0 97.0 80.0 88 7 1
A. O. Smith Corporation 7.6B 65.0 75.0 70.0 54.0 58.0 66 8 1
Owens Corning 7.4B 68.0 72.0 89.0 78.0 81.0 87 9 1
Fortune Brands Home & Security, Inc. 7.0B 62.0 73.0 80.0 62.0 71.0 75 10 1
Trex Company, Inc. 4.9B 66.0 75.0 61.0 37.0 40.0 51 11 1
Zurn Elkay Water Solutions Corporation 4.4B 59.0 67.0 74.0 92.0 87.0 88 12 1
Armstrong World Industries, Inc. 3.6B 65.0 76.0 67.0 74.0 58.0 73 13 1
Simpson Manufacturing Co., Inc. 3.4B 71.0 41.0 73.0 37.0 80.0 54 14 1
Resideo Technologies, Inc. 2.8B 67.0 75.0 61.0 72.0 69.0 75 15 1
The AZEK Company Inc. 2.4B 71.0 70.0 67.0 98.0 59.0 82 16 1
Hayward Holdings, Inc. 2.0B 84.0 69.0 61.0 58.0 42.0 60 17 1
Griffon Corporation 1.6B 55.0 75.0 66.0 85.0 81.0 84 18 1
Masonite International Corporation 1.5B 62.0 70.0 92.0 88.0 87.0 92 19 1
Janus International Group, Inc. 1.3B 69.0 78.0 75.0 93.0 89.0 95 20 1
PGT Innovations, Inc. 1.2B 60.0 69.0 73.0 93.0 86.0 88 21 1
Tecnoglass Inc. 950.2M 66.0 64.0 76.0 84.0 79.0 82 22 1
ElkCorp 897.2M 38.0 65.0 70.0 37.0 57.0 60 23 1
JELD-WEN Holding, Inc. 741.5M 74.0 78.0 61.0 72.0 40.0 67 24 1
Quanex Building Products Corporation 604.0M 52.0 74.0 86.0 89.0 83.0 90 25 1
Insteel Industries, Inc. 511.1M 71.0 61.0 75.0 56.0 86.0 73 26 1
UFP Industries, Inc. 4.2B 63.0 74.0 90.0 95.0 88.0 96 27 1
AAON, Inc. 2.9B 73.0 63.0 65.0 97.0 76.0 84 28 1
CSW Industrials, Inc. 1.9B 73.0 74.0 72.0 59.0 72.0 74 29 1
Gibraltar Industries, Inc. 1.2B 81.0 67.0 66.0 79.0 70.0 78 30 1
Apogee Enterprises, Inc. 841.5M 93.0 74.0 59.0 38.0 46.0 56 31 1
American Woodmark Corporation 729.5M 55.0 79.0 66.0 93.0 76.0 87 32 1
PW Eagle, Inc. 391.1M 43.0 74.0 86.0 38.0 45.0 60 33 1
Caesarstone Ltd. 307.5M 71.0 72.0 53.0 51.0 55.0 56 34 1
View, Inc. 291.6M 65.0 76.0 49.0 40.0 47.0 52 35 1
Burnham Holdings, Inc. 59.5M 70.0 63.0 53.0 62.0 67.0 61 36 1
Alpha Pro Tech, Ltd. 51.6M 92.0 70.0 90.0 77.0 75.0 87 37 1
AeroClean Technologies, Inc. 39.8M 96.0 66.0 38.0 94.0 50.0 60 38 1
Tecogen Inc. 24.8M 41.0 72.0 66.0 40.0 48.0 50 39 1
Jewett-Cameron Trading Company Ltd. 18.3M 91.0 65.0 74.0 89.0 79.0 83 40 1
Applied UV, Inc. 17.0M 93.0 67.0 85.0 39.0 52.0 71 41 1
CEA Industries Inc. 8.2M 93.0 66.0 55.0 97.0 98.0 84 42 1
Antelope Enterprise Holdings Limited 5.7M 57.0 72.0 37.0 93.0 49.0 53 43 1
Gen 2 Technologies Inc. 888.3K 88.0 66.0 77.0 81.0 57.0 78 44 1
Armstrong Flooring, Inc. 570.6K 87.0 66.0 47.0 41.0 46.0 54 45 1
Trutankless, Inc. 4.1K 79.0 66.0 38.0 87.0 53.0 55 46 1

Income Statement Analysis

Overall, Carrier's critical income statement metrics appear to signal strong support and a high likelihood of positive growth going forward. Carrier's financials reveal an interesting trend for their revenue efficiency. This parameter often affects companies in the same industry and market capitalization by up to 22.5%. Their impressive revenue efficiency is even more impressive relative to its peers and competitors in the current market. As a result, its revenue efficiency earned a score of 87. That said, one metric, EBITDA, stood out as strongly negative. Carrier's management didn't make significant improvements to their EBITDA this period. In terms of the raw numbers, EBITDA was reported as 3.1B, which represents a -0.0% change from the last period. This parameter could affect companies in the same industry and market capitalization by up to 9.3%. Their EBITDA metrics are even more problematic when compared to their peers. Discouraging results like these statistically lead to negative pressure in stock prices, so we rated their EBITDA a grade of 72. As the companie's management is doing an excellent job managing the critical metrics, the income statement was given a score of 87.

Parameter Value Change Score
EBITDA 3.1B -0.0% 72
Total Revenues 20.6B -0.2% 87
Return on Equity 37.8 52.1% 87
* All values are TTM

The below chart describes Carrier's performance as reflected on its income statement with respect to its peers. While Carrier received a income statement score of 87 , the average of its peers stands on 69.

  •  CARR
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Johnson Controls International plc 34.0B 77.0 56.0 52.0 62 0 1
Trane Technologies plc 33.6B 69.0 68.0 74.0 72 1 1
Carlisle Companies Incorporated 14.2B 43.0 81.0 93.0 72 2 1
Masco Corporation 10.3B 72.0 82.0 64.0 74 3 1
Advanced Drainage Systems, Inc. 10.0B 47.0 82.0 93.0 73 4 1
Builders FirstSource, Inc. 8.5B 53.0 80.0 88.0 74 5 1
Lennox International Inc. 7.8B 67.0 67.0 69.0 68 6 1
Allegion plc 7.8B 78.0 65.0 55.0 67 7 1
A. O. Smith Corporation 7.6B 68.0 66.0 75.0 70 8 1
Owens Corning 7.4B 62.0 71.0 70.0 68 9 1
Fortune Brands Home & Security, Inc. 7.0B 71.0 64.0 61.0 66 10 1
Trex Company, Inc. 4.9B 55.0 75.0 88.0 73 11 1
Zurn Elkay Water Solutions Corporation 4.4B 61.0 54.0 85.0 67 12 1
Armstrong World Industries, Inc. 3.6B 64.0 64.0 69.0 65 13 1
Simpson Manufacturing Co., Inc. 3.4B 45.0 74.0 73.0 61 14 1
Resideo Technologies, Inc. 2.8B 64.0 76.0 84.0 76 15 1
The AZEK Company Inc. 2.4B 58.0 70.0 78.0 68 16 1
Hayward Holdings, Inc. 2.0B 70.0 73.0 82.0 77 17 1
Griffon Corporation 1.6B 50.0 82.0 94.0 76 18 1
Masonite International Corporation 1.5B 63.0 73.0 81.0 73 19 1
Janus International Group, Inc. 1.3B 47.0 80.0 91.0 72 20 1
PGT Innovations, Inc. 1.2B 46.0 82.0 94.0 73 21 1
Tecnoglass Inc. 950.2M 46.0 77.0 84.0 68 22 1
ElkCorp 897.2M 95.0 65.0 41.0 59 23 1
JELD-WEN Holding, Inc. 741.5M 74.0 58.0 51.0 61 24 1
Quanex Building Products Corporation 604.0M 63.0 76.0 86.0 76 25 1
Insteel Industries, Inc. 511.1M 46.0 78.0 80.0 67 26 1
UFP Industries, Inc. 4.2B 71.0 70.0 65.0 69 27 1
AAON, Inc. 2.9B 45.0 59.0 52.0 48 28 1
CSW Industrials, Inc. 1.9B 54.0 74.0 84.0 70 29 1
Gibraltar Industries, Inc. 1.2B 76.0 70.0 75.0 76 30 1
Apogee Enterprises, Inc. 841.5M 71.0 81.0 95.0 85 31 1
American Woodmark Corporation 729.5M 56.0 81.0 96.0 79 32 1
PW Eagle, Inc. 391.1M 98.0 58.0 39.0 68 33 1
Caesarstone Ltd. 307.5M 53.0 81.0 72.0 65 34 1
View, Inc. 291.6M 85.0 67.0 53.0 70 35 1
Burnham Holdings, Inc. 59.5M 63.0 44.0 44.0 48 36 1
Alpha Pro Tech, Ltd. 51.6M 84.0 52.0 52.0 61 37 1
AeroClean Technologies, Inc. 39.8M 46.0 44.0 65.0 48 38 1
Tecogen Inc. 24.8M 75.0 38.0 40.0 47 39 1
Jewett-Cameron Trading Company Ltd. 18.3M 69.0 62.0 56.0 63 40 1
Applied UV, Inc. 17.0M 39.0 63.0 48.0 53 41 1
CEA Industries Inc. 8.2M 95.0 69.0 77.0 79 42 1
Antelope Enterprise Holdings Limited 5.7M 69.0 75.0 60.0 72 43 1
Gen 2 Technologies Inc. 888.3K 37.0 64.0 79.0 63 44 1
Armstrong Flooring, Inc. 570.6K 65.0 83.0 75.0 78 45 1
Trutankless, Inc. 4.1K 96.0 62.0 57.0 71 46 1

Cash Flow Analysis

Taking a high-level look at Carrier's cash flow, it appears that management is going a commendable job managing some of the cash flow metrics that matter most. Carrier presents exciting net cash flow numbers for its recent financial release, illustrated by a net cash flow of 982.0M, which is a change of 843.9% from the last filing. This industry-leading net cash flow momentum should reinforce broader positive momentum for its's stock price going forward. Consequently, their net cash flow movement received a grade of 76. Also, Carrier's published asset turnover numbers were encouraging and reflected management's balanced change strategy. Carrier recorded asset turnover of 0.8, which represents a 4.3% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 1.2%. Its asset turnover metrics are especially remarkable relative to their peers. We believe the stock price has room to grow to reflect its intrinsic value accurately. Therefore, its asset turnover movement earned a score of 75. On the other hand, Free Cash flow, jumped out as looking rather underwhelming. Carrier did a poor job related to generating and maintaining strong free cash flow this period, which stood at 1.7, representing a -20.2% change from the previous filing. Companies in the same industry and market capitalization are typically affected by this parameter by up to 6.9%. Their free cash flow situation is more concerning relative to their peers and competitors. Its free cash flow movement, therefore, received a grade of 57. Therefore, we scored the company's cash flow a 71.

Parameter Value Change Score
Net Cashflow 982.0M 843.9% 76
Capital Expenditure -347.0M -0.9% 67
Asset Turnover 0.8 4.3% 75
Free Cashflow Per Share 1.7 -20.2% 57
* All values are TTM

The below chart describes Carrier's performance as reflected on its cash flow with respect to its peers. While Carrier received a cash flow score of 71, the average of its peers stands on 66.

  •  CARR
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Johnson Controls International plc 34.0B 54.0 49.0 53.0 70.0 54 0 1
Trane Technologies plc 33.6B 66.0 59.0 51.0 77.0 64 1 1
Carlisle Companies Incorporated 14.2B 70.0 82.0 54.0 75.0 73 2 1
Masco Corporation 10.3B 66.0 77.0 50.0 86.0 72 3 1
Advanced Drainage Systems, Inc. 10.0B 65.0 92.0 59.0 47.0 68 4 1
Builders FirstSource, Inc. 8.5B 90.0 89.0 61.0 61.0 80 5 1
Lennox International Inc. 7.8B 53.0 52.0 68.0 53.0 53 6 1
Allegion plc 7.8B 50.0 55.0 56.0 40.0 47 7 1
A. O. Smith Corporation 7.6B 59.0 59.0 61.0 72.0 62 8 1
Owens Corning 7.4B 66.0 63.0 77.0 60.0 65 9 1
Fortune Brands Home & Security, Inc. 7.0B 54.0 50.0 61.0 69.0 56 10 1
Trex Company, Inc. 4.9B 73.0 63.0 59.0 94.0 74 11 1
Zurn Elkay Water Solutions Corporation 4.4B 60.0 50.0 71.0 65.0 59 12 1
Armstrong World Industries, Inc. 3.6B 58.0 58.0 77.0 71.0 64 13 1
Simpson Manufacturing Co., Inc. 3.4B 74.0 81.0 56.0 84.0 77 14 1
Resideo Technologies, Inc. 2.8B 59.0 53.0 90.0 65.0 62 15 1
The AZEK Company Inc. 2.4B 64.0 87.0 84.0 70.0 76 16 1
Hayward Holdings, Inc. 2.0B 65.0 45.0 53.0 73.0 58 17 1
Griffon Corporation 1.6B 89.0 91.0 54.0 94.0 89 18 1
Masonite International Corporation 1.5B 68.0 87.0 59.0 72.0 74 19 1
Janus International Group, Inc. 1.3B 55.0 57.0 63.0 72.0 60 20 1
PGT Innovations, Inc. 1.2B 82.0 94.0 76.0 86.0 88 21 1
Tecnoglass Inc. 950.2M 66.0 72.0 58.0 80.0 70 22 1
ElkCorp 897.2M 60.0 48.0 72.0 57.0 56 23 1
JELD-WEN Holding, Inc. 741.5M 46.0 39.0 77.0 64.0 51 24 1
Quanex Building Products Corporation 604.0M 89.0 95.0 63.0 80.0 88 25 1
Insteel Industries, Inc. 511.1M 51.0 42.0 87.0 63.0 55 26 1
UFP Industries, Inc. 4.2B 94.0 91.0 79.0 50.0 83 27 1
AAON, Inc. 2.9B 42.0 40.0 43.0 79.0 48 28 1
CSW Industrials, Inc. 1.9B 60.0 61.0 61.0 69.0 62 29 1
Gibraltar Industries, Inc. 1.2B 47.0 37.0 56.0 54.0 44 30 1
Apogee Enterprises, Inc. 841.5M 49.0 47.0 95.0 64.0 57 31 1
American Woodmark Corporation 729.5M 68.0 95.0 91.0 81.0 85 32 1
PW Eagle, Inc. 391.1M 87.0 81.0 41.0 43.0 58 33 1
Caesarstone Ltd. 307.5M 64.0 69.0 53.0 79.0 69 34 1
View, Inc. 291.6M 73.0 60.0 76.0 93.0 76 35 1
Burnham Holdings, Inc. 59.5M 76.0 85.0 68.0 64.0 72 36 1
Alpha Pro Tech, Ltd. 51.6M 78.0 96.0 94.0 49.0 70 37 1
AeroClean Technologies, Inc. 39.8M 56.0 77.0 96.0 68.0 67 38 1
Tecogen Inc. 24.8M 54.0 41.0 39.0 86.0 66 39 1
Jewett-Cameron Trading Company Ltd. 18.3M 68.0 77.0 84.0 47.0 61 40 1
Applied UV, Inc. 17.0M 58.0 51.0 45.0 64.0 59 41 1
CEA Industries Inc. 8.2M 56.0 84.0 78.0 71.0 68 42 1
Antelope Enterprise Holdings Limited 5.7M 59.0 69.0 68.0 67.0 65 43 1
Gen 2 Technologies Inc. 888.3K 58.0 67.0 66.0 89.0 76 44 1
Armstrong Flooring, Inc. 570.6K 47.0 53.0 79.0 59.0 55 45 1
Trutankless, Inc. 4.1K 60.0 72.0 64.0 39.0 52 46 1

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