Welcome to our dedicated page for Carrier Gb Cp news (Ticker: CARR), a resource for investors and traders seeking the latest updates and insights on Carrier Gb Cp stock.
Carrier Global Corporation (NYSE: CARR) delivers innovative climate and energy solutions through its HVAC, refrigeration, and building technologies. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments, financial performance, and strategic initiatives.
Access official press releases covering earnings announcements, product launches, sustainability milestones, and partnership agreements. Our curated collection enables efficient tracking of Carrier’s portfolio optimization efforts and technological advancements in intelligent building systems.
Discover updates across three core areas: quarterly financial results, energy efficiency innovations, and global market expansions. Content is sourced directly from company communications to ensure accuracy and timeliness while maintaining regulatory compliance.
Bookmark this page for streamlined access to Carrier’s latest operational updates. Combine these resources with market analysis tools to inform your understanding of this industrial technology leader’s evolving position.
Carrier Global Corporation (NYSE:CARR) reported robust fourth quarter results, with sales reaching $5.1 billion, up 12% year-over-year, and organic sales rising 11%. Full-year 2021 sales increased 18% to $20.6 billion. The adjusted operating profit for Q4 rose 14% to $517 million, while net income stood at $324 million. The company anticipates solid organic growth in 2022, projecting sales around $20 billion and adjusted EPS of $2.20 to $2.30. Key strategic progress includes the divestiture of Chubb and pending acquisition of Toshiba Carrier Corporation.
Carrier Global Corporation (NYSE: CARR) has signed a binding agreement to acquire Toshiba Corporation's stake in Toshiba Carrier Corporation (TCC), a leading player in variable refrigerant flow (VRF) and light commercial HVAC solutions. This strategic acquisition aims to enhance Carrier's position in the rapidly growing HVAC market and double its sales in the VRF segment. The deal will include TCC's research & development centers, manufacturing operations, and the Toshiba brand, contributing to Carrier's sustainability goals and expanding its product portfolio. Closing is expected by Q3, subject to regulatory approvals.
Carrier Global Corporation (NYSE:CARR) will conduct an in-person investor meeting on February 22, 2022, at its headquarters in Palm Beach Gardens, Florida, starting at 8:30 a.m. ET. The meeting will feature presentations from the executive leadership team, including Chairman & CEO David Gitlin and CFO Patrick Goris, focusing on the company's strategic priorities and growth prospects. A live Q&A session is included, and a webcast of the event will be available on ir.carrier.com for those unable to attend.
Carrier is enhancing its electrification initiatives by partnering with ConMet to introduce wheel-based power generation that captures energy lost during braking. This collaboration aligns with Carrier's goal of providing zero-emission transport refrigeration solutions for trailers, trucks, and light commercial vehicles by the end of 2022. The strategic alliance supports Carrier's ESG objectives, aiming to reduce carbon emissions significantly. ConMet's technology, combined with Carrier's systems, promises to deliver a sustainable, zero-emissions solution in the commercial vehicle sector.
Carrier Global Corporation (NYSE:CARR) will announce its fourth quarter 2021 earnings on February 8, 2022, at 8:30 a.m. ET, followed by a conference call and webcast. Investors and stakeholders can listen to the call by dialing (877) 742-9091 or accessing the webcast on the carrier investor relations page. Recorded replays will be available from 12:00 p.m. ET on February 8 until February 15, 2022. Carrier continues to emphasize its commitment to innovative building and cold chain solutions, enhancing safety and sustainability.
Marioff has renewed its BluEdge Elite service agreement with Carnival Corporation for an additional five years, focusing on preventive maintenance for HI-FOG water mist fire protection systems installed on 75 cruise ships. This agreement enhances collaboration, ensuring safety for passengers and crew, while optimizing Carnival's maintenance costs. Key components include 24/7 emergency support, crew training, and delivery of original spare parts, strengthening their long-term partnership.
Automated Logic has acquired Integrated Control Systems Inc (ICSI), enhancing its building management solutions. This acquisition enables geographical expansion and the growth of services, creating recurring revenue opportunities. ICSI, established as an Automated Logic dealer in 1996, specializes in automated building controls for various sectors including education and healthcare. The financial terms of the deal remain undisclosed. This strategic move aims to bolster customer value with a focus on sustainability and innovative solutions.
Kidde, a leader in fire safety, unveiled its new Smoke + Carbon Monoxide Alarm with smart features and an integrated mobile app, enhancing home safety through Wi-Fi connectivity. This innovative system allows users to convert existing hardwired Kidde alarms into smart devices, providing real-time alerts and notifications via mobile. Key features include double detection for smoke and carbon monoxide, a 10-year battery guarantee, voice control compatibility, and the ability to notify others in case of emergencies. This launch supports Carrier Global Corporation's Healthy Homes initiative.
Carrier Global Corporation (NYSE: CARR) has initiated a $500 million accelerated share repurchase (ASR) agreement with Goldman Sachs. This buyback is financed through proceeds from the Chubb business sale, part of a broader $1.6 billion repurchase program. The initial payment will allow the company to acquire approximately 7.6 million shares immediately, with final share counts determined by market conditions. This strategy reflects Carrier's commitment to enhancing shareholder value and indicates strong confidence in its long-term strategy.
