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Yahoo
13-05-2025
- Business
- Yahoo
Carrier to Present at the Wolfe Research 18th Annual Global Transportation & Industrials Conference
PALM BEACH GARDENS, Fla., May 13, 2025 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR) Chairman & CEO David Gitlin and Senior Vice President & CFO Patrick Goris will speak at the Wolfe Research 18th Annual Global Transportation & Industrials Conference on Tuesday, May 20, 2025 at 10:25 a.m. ET. The event will be broadcast live at A webcast replay will be available on the website following the event. About CarrierCarrier Global Corporation, global leader in intelligent climate and energy solutions, is committed to creating solutions that matter for people and our planet for generations to come. From the beginning, we've led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do. For more information, visit or follow Carrier on social media at @Carrier. CARR-IR Contact: Media InquiriesJason Investor RelationsMichael Rednor561-365-2020InvestorRelations@ View original content to download multimedia: SOURCE Carrier Global Corporation
Yahoo
02-05-2025
- Business
- Yahoo
Carrier Global Corp (CARR) Q1 2025 Earnings Call Highlights: Strong EPS Growth and Strategic ...
Revenue: Reported sales of $5.2 billion with 2% organic sales growth. Adjusted EPS: $0.65, up 27% year-over-year. Free Cash Flow: $420 million. Shareholder Returns: $1.5 billion returned through dividends and share repurchases. Debt Reduction: Paid down $1.2 billion in debt. CSA Segment Organic Sales Growth: 9%. Adjusted Operating Margin Expansion: 210 basis points compared to last year. Full Year Adjusted EPS Guidance: Increased to $3 to $3.10, up about 20% year-over-year. Organic Orders Growth: Up high single digits. Backlog Increase: Total company backlog up about 10% year-over-year and 15% sequentially. Warning! GuruFocus has detected 9 Warning Signs with CARR. Release Date: May 01, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Carrier Global Corp (NYSE:CARR) reported a strong start to 2025 with orders up high single digits and double-digit growth in Climate Solutions, Europe, and Transportation. The company achieved 27% adjusted EPS growth on 2% organic growth, with a free cash flow of $420 million. Carrier Global Corp (NYSE:CARR) introduced new products, such as the first air-cooled commercial heat pump in Europe, enhancing energy efficiency and operational performance. The aftermarket segment showed robust growth, with commercial HVAC aftermarket up about 10% and margin upgrades growing by 20%. Carrier Global Corp (NYSE:CARR) increased its full-year adjusted EPS guidance to $3 to $3.10, reflecting a 20% year-over-year increase. The Climate Solutions segment in Asia, Middle East, and Africa underperformed, with organic sales down 6% due to weakness in residential China and parts of Southeast Asia. Light Commercial sales were lower than expected, down around 35%, impacting the overall sales outlook. The residential and light commercial business in Europe saw a 10% decline in organic sales, although it is expected to return to modest growth in the second quarter. Carrier Global Corp (NYSE:CARR) faces a $300 million tariff exposure, which it plans to offset through pricing strategies. The company's legacy residential light commercial business in Europe is operating with low single-digit margins, indicating room for improvement. Q: Can you confirm the EPS guidance for Q2 and the expected core growth? A: For Q2, we expect mid-single digits organic growth with sales of about $6 billion, 100 basis points of margin expansion, and roughly 20% adjusted EPS growth. (Patrick Goris, CFO) Q: How does the mid-single-digit growth look across the new segments for Q2 and the full year? A: For Q2, we expect organic sales growth to pick up in the Americas to mid-teens, Europe to low to mid-single digits, and Asia to see a low single-digit decline. For the full year, we expect high single digits in the Americas, low single digits in Europe and Asia, and mid-single digits in transportation. (Patrick Goris, CFO) Q: Can you provide more details on the tariff impact and how it is being offset? A: We view the exposure as $300 million that we need to offset with price, and we've already implemented those price increases in our channel. (David Gitlin, CEO) Q: What is the outlook for Viessmann, and how are you addressing issues in the Europe segment? A: We still expect Viessmann to be flat for the year, with better mix offsetting slightly lower volume. We are confident in achieving margin improvement in the Europe segment, aiming for mid-teens operating margins in the next couple of years. (David Gitlin, CEO; Patrick Goris, CFO) Q: Can you elaborate on the commercial HVAC business in the Americas and the impact of capacity increases? A: We expect double-digit growth for the fifth consecutive year, with $500 million growth from data centers. The increased capacity has allowed us to pursue more non-data center work, and we see strong progress in mega projects, healthcare, and pharma. (David Gitlin, CEO) Q: How is the transition to 454B refrigerant impacting the Americas residential business? A: The transition has been smooth, with strong first-quarter performance. We expect high single-digit to low double-digit growth for the full year, driven by regulatory mix and price realization. (David Gitlin, CEO) Q: What are the expectations for the service business, and how does it contribute to equipment sales? A: We aim for double-digit growth in services, which is integral to our equipment sales strategy. Our service offerings enhance customer relationships and support equipment sales, particularly in commercial HVAC. (David Gitlin, CEO) Q: Can you provide more details on the Google partnership and its potential impact? A: The partnership with Google focuses on enhancing grid resilience and energy management through AI and analytics. It aims to optimize energy usage and reduce costs, benefiting utilities and customers. (David Gitlin, CEO) Q: How are you addressing the challenges in the Americas light commercial business? A: The first quarter was softer than expected, but we anticipate recovery in the second half. We are focusing on maintaining strong product lines and channel relationships to navigate current challenges. (David Gitlin, CEO) Q: What is the outlook for the CST segment, particularly in the transportation business? A: We expect mid-single-digit growth for the CST segment, driven by strong container performance and double-digit aftermarket growth. We are optimistic about the transportation segment's potential. (David Gitlin, CEO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 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