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carrier global corp. - CARR

CARR

Close Chg Chg %
76.03 0.94 1.23%

Closed Market

76.97

+0.94 (1.23%)

Volume: 4.48M

Last Updated:

Nov 22, 2024, 3:59 PM EDT

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Company Overview: carrier global corp. - CARR

CARR Key Data

Open

$76.11

 Day Range

75.94 - 77.07

52 Week Range

51.20 - 83.32

 Market Cap

$68.20B

Shares Outstanding

897.23M

 Public Float

837.38M

Beta

1.21

 Rev. Per Employee

N/A

P/E Ratio

19.86

 EPS

$3.89

Yield

99.99%

 Dividend

$0.19

EX-DIVIDEND DATE

Oct 25, 2024

 SHORT INTEREST

N/A

AVERAGE VOLUME

5.04M

  

CARR Performance

1 Week
 
 3.31%
 
1 Month
 
 4.45%
 
3 Months
 
 8.07%
 
1 Year
 
 45.34%
 
5 Years
 
 N/A
 

CARR Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 25
Full Ratings ➔

About carrier global corp. - CARR

Carrier Global Corp. engages in the provision of building and cold chain solutions. It also offers heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies. The firm operates through the following 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. The Refrigeration segment includes transport refrigeration and monitoring products, services, and digital solutions for trucks, trailers, shipping containers, intermodal and rail, and commercial refrigeration products. The Fire & Security segment provides a range of residential, commercial, and industrial technologies to protect people and property. The company was founded by Willis Haviland Carrier on June 26, 1915 and is headquartered in Palm Beach Gardens, FL.

CARR At a Glance

Carrier Global Corp.
13995 Pasteur Boulevard
Palm Beach Gardens, Florida 33418
Phone 1-561-365-2000 Revenue 22.10B
Industry Industrial Machinery Net Income 1.35B
Sector Producer Manufacturing 2023 Sales Growth 8.212%
Fiscal Year-end 12 / 2024 Employees 53,000
View SEC Filings

CARR Valuation

P/E Current 19.856
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 36.326
Price to Sales Ratio 2.218
Price to Book Ratio 5.561
Price to Cash Flow Ratio 18.797
Enterprise Value to EBITDA 19.863
Enterprise Value to Sales 2.449
Total Debt to Enterprise Value 0.273

CARR Efficiency

Revenue/Employee 416,943.396
Income Per Employee 25,452.83
Receivables Turnover 7.929
Total Asset Turnover 0.75

CARR Liquidity

Current Ratio 2.725
Quick Ratio 2.404
Cash Ratio 1.454

CARR Profitability

Gross Margin 28.966
Operating Margin 9.874
Pretax Margin 9.431
Net Margin 6.105
Return on Assets 4.58
Return on Equity 16.416
Return on Total Capital 5.748
Return on Invested Capital 6.695

CARR Capital Structure

Total Debt to Total Equity 170.474
Total Debt to Total Capital 63.028
Total Debt to Total Assets 45.067
Long-Term Debt to Equity 168.641
Long-Term Debt to Total Capital 62.35
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Carrier Global Corp. - CARR

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
17.46B 20.61B 20.42B 22.10B
Sales Growth
-6.19% +18.09% -0.93% +8.21%
Cost of Goods Sold (COGS) incl D&A
12.33B 14.61B 14.95B 15.70B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
336.00M 338.00M 380.00M 542.00M
Depreciation
234.00M 240.00M 256.00M 300.00M
Amortization of Intangibles
102.00M 98.00M 124.00M 242.00M
COGS Growth
-6.28% +18.48% +2.35% +5.01%
Gross Income
5.13B 6.01B 5.47B 6.40B
Gross Income Growth
-5.98% +17.14% -8.90% +16.96%
Gross Profit Margin
+29.38% +29.15% +26.80% +28.97%
2020 2021 2022 2023 5-year trend
SG&A Expense
3.13B 3.56B 3.03B 3.83B
Research & Development
419.00M 503.00M 539.00M 617.00M
Other SG&A
2.72B 3.06B 2.49B 3.22B
SGA Growth
+5.03% +13.65% -14.99% +26.61%
Other Operating Expense
45.00M (42.00M) (1.84B) 384.00M
Unusual Expense
196.00M 91.00M 31.00M 97.00M
EBIT after Unusual Expense
1.75B 2.40B 4.25B 2.08B
Non Operating Income/Expense
1.40B 323.00M 341.00M 361.00M
Non-Operating Interest Income
10.00M 13.00M 83.00M 151.00M
Equity in Earnings of Affiliates
207.00M 249.00M 262.00M 211.00M
Interest Expense
298.00M 319.00M 302.00M 362.00M
Interest Expense Growth
+297.33% +7.05% -5.33% +19.87%
Gross Interest Expense
298.00M 319.00M 302.00M 362.00M
Interest Capitalized
- - - -
-
Pretax Income
2.85B 2.40B 4.29B 2.08B
Pretax Income Growth
+6.85% -15.94% +78.83% -51.44%
Pretax Margin
+16.36% +11.64% +21.02% +9.43%
Income Tax
849.00M 699.00M 708.00M 644.00M
Income Tax - Current - Domestic
508.00M 419.00M 573.00M 536.00M
Income Tax - Current - Foreign
244.00M 354.00M 259.00M 341.00M
Income Tax - Deferred - Domestic
19.00M (139.00M) (52.00M) (171.00M)
Income Tax - Deferred - Foreign
78.00M 65.00M (72.00M) (62.00M)
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
207.00M 249.00M 262.00M 211.00M
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
2.01B 1.70B 3.58B 1.44B
Minority Interest Expense
24.00M 37.00M 50.00M 91.00M
Net Income
1.98B 1.66B 3.53B 1.35B
Net Income Growth
-6.33% -16.04% +112.38% -61.83%
Net Margin Growth
+11.35% +8.07% +17.31% +6.10%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
1.98B 1.66B 3.53B 1.35B
Preferred Dividends
- - - -
-
Net Income Available to Common
1.98B 1.66B 3.53B 1.35B
EPS (Basic)
2.2874 1.9177 4.1902 1.6111
EPS (Basic) Growth
-6.36% -16.16% +118.50% -61.55%
Basic Shares Outstanding
866.50M 867.70M 843.40M 837.30M
EPS (Diluted)
2.2518 1.869 4.1036 1.5815
EPS (Diluted) Growth
-7.82% -17.00% +119.56% -61.46%
Diluted Shares Outstanding
880.20M 890.30M 861.20M 853.00M
EBITDA
2.29B 2.83B 4.66B 2.72B
EBITDA Growth
-21.50% +23.63% +65.10% -41.60%
EBITDA Margin
+13.09% +13.70% +22.84% +12.33%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 83.311
Number of Ratings 25 Current Quarters Estimate 0.487
FY Report Date 12 / 2024 Current Year's Estimate 2.526
Last Quarter’s Earnings 0.77 Median PE on CY Estimate N/A
Year Ago Earnings 2.73 Next Fiscal Year Estimate 3.033
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 16 11 15 23
Mean Estimate 0.49 0.62 2.53 3.03
High Estimates 0.51 0.67 2.67 3.15
Low Estimate 0.41 0.57 2.50 2.92
Coefficient of Variance 5.27 4.34 1.69 1.79

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 9 8 9
OVERWEIGHT 2 2 2
HOLD 12 13 10
UNDERWEIGHT 1 1 1
SELL 1 1 1
MEAN Overweight Overweight Overweight

Insider Actions for Carrier Global Corp. - CARR

Date Name Shares Transaction Value
May 24, 2024 Kyle Crockett VP, Controller & CAO 17,500 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
May 24, 2024 Kyle Crockett VP, Controller & CAO 6,653 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $66.39 per share 441,692.67
May 24, 2024 Kyle Crockett VP, Controller & CAO 2,042 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $66.39 per share 135,568.38
May 24, 2024 Kyle Crockett VP, Controller & CAO 9,542 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $25.58 per share 244,084.36
May 15, 2024 Nadia Villeneuve Senior VP & CHRO 188,991 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $21.43 per share 4,050,077.13
May 15, 2024 Nadia Villeneuve Senior VP & CHRO N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
May 15, 2024 Nadia Villeneuve Senior VP & CHRO N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
May 15, 2024 Nadia Villeneuve Senior VP & CHRO N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
May 15, 2024 Nadia Villeneuve Senior VP & CHRO N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
May 15, 2024 Nadia Villeneuve Senior VP & CHRO 85,028 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $65.4 per share 5,560,831.20
May 15, 2024 Nadia Villeneuve Senior VP & CHRO 183,456 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $65.43 per share 12,003,526.08
May 15, 2024 Nadia Villeneuve Senior VP & CHRO 216,825 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $19.24 per share 4,171,713.00
May 15, 2024 Nadia Villeneuve Senior VP & CHRO 210,952 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $18.53 per share 3,908,940.56
May 15, 2024 Nadia Villeneuve Senior VP & CHRO 200,227 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $15.98 per share 3,199,627.46
May 2, 2024 Jurgen Timperman President, Fire & Security 159,915 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $61.65 per share 9,858,759.75
May 2, 2024 Jurgen Timperman President, Fire & Security 203,400 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $61.89 per share 12,588,426.00
May 2, 2024 Jurgen Timperman President, Fire & Security 242,116 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $62.15 per share 15,047,509.40
May 2, 2024 Jurgen Timperman President, Fire & Security 251,436 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $61.91 per share 15,566,402.76
May 2, 2024 Jurgen Timperman President, Fire & Security 223,376 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $62.02 per share 13,853,779.52
May 2, 2024 Jurgen Timperman President, Fire & Security 181,675 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $61.75 per share 11,218,431.25

Carrier Global Corp. in the News

Markets

Carrier plots separation of fire unit

Carrier Global’s fire and security business, which it intends to spin off or sell, accounts for about 17% of company sales, which has slumped alongside new construction.