Carrier Global Corporation - CARR STOCK NEWS

A recent global study led by the Harvard T.H. Chan School of Public Health revealed that enhanced ventilation in buildings significantly boosts cognitive function and health. Conducted across six countries, the COGfx Study 3: Global Buildings highlighted that increased levels of fine particulate matter (PM2.5) and carbon dioxide (CO2) negatively impact cognitive performance. The findings underscore the importance of mechanical ventilation and filtration systems in improving indoor air quality, thereby enhancing productivity and reducing health risks for occupants. Carrier Global Corporation, the primary supporter of this study, emphasizes innovative solutions for healthier indoor environments.

Carrier Global Corporation (NYSE: CARR) will participate in the 2021 Morgan Stanley Virtual Laguna Conference on Tuesday, Sept. 14, 2021, at 1:30 p.m. ET. CEO Dave Gitlin and CFO Patrick Goris will be speaking at the event, which can be accessed live at ir.carrier.com. A replay will be available post-event. Carrier is recognized as a leader in building and cold chain solutions, dedicated to sustainability and innovation for a better future.

Carrier has successfully completed the acquisition of Guangdong Giwee Group and its subsidiaries, including Guangdong Chigo Heating & Ventilation Equipment Co., Ltd. This follows an earlier announcement on June 3, 2021, of acquiring a controlling interest in Giwee Group. The Giwee Group, based in China, is known for manufacturing heating, ventilation, and air conditioning products. This acquisition is expected to enhance Carrier's product offerings and strengthen its position in the global HVAC market.

Kidde, part of Carrier Global Corporation (NYSE: CARR), released a survey indicating that 46% of parents with children aged 10-17 will leave them home alone before or after school, with 33% indicating this will be their child's first time. As safety becomes a concern, Kidde emphasizes fire and carbon monoxide safety education for families. The survey revealed that while 61% of parents discuss fire safety, only 26% have practiced an escape plan. To assist parents, Kidde offers resources and tips for ensuring children's safety at home during the back-to-school season.

Carrier Global Corporation (NYSE: CARR) reported significant achievements in its 2021 ESG Report. In 2020, the company reduced its customers' carbon footprint by 68 million metric tons, equivalent to the energy use of over 8 million U.S. homes. The report highlights improvements in executive diversity, with 43% of global executives being diverse and 31% women. Carrier is aligning executive compensation with ESG goals and has cut its greenhouse gas emissions by 78,000 metric tons since 2015. The company is committed to science-based emissions reduction targets and enhancing social responsibility through diverse workforce initiatives.

Carrier Global Corporation (CARR) has reported significant growth in its Healthy Buildings Program, providing vital air quality solutions to K-12 schools across North America. In the first half of 2021, over 18,000 Carrier OptiClean air scrubbers were purchased, contributing to a $500 million active sales pipeline. The company anticipates a multibillion-dollar market opportunity in the K-12 segment. Recent installations in districts across Arizona, California, and Virginia enhance indoor air quality for over 100,000 students, supported by funding from the American Rescue Plan's ESSER Fund.

On July 27, 2021, Carrier Global Corporation's Board approved a $1.75 billion stock repurchase program, increasing its total buyback authorization to approximately $2 billion. This initiative is part of its capital allocation strategy aimed at enhancing shareholder value while positioning the company for growth. Following the completion of the Chubb sale, which generated $3.1 billion, Carrier reported holding $2.6 billion in cash as of June 30. The company plans to discuss further details in its earnings call on July 29, 2021.

Carrier Global Corporation (CARR) reported strong Q2 2021 results with sales of $5.4 billion, a 37% increase year-over-year. Organic sales rose 31%, driven by solid performance across commercial HVAC, transport refrigeration, and Fire & Security segments. Net income reached $487 million, with adjusted EPS of $0.64. The company raised its full-year sales growth forecast to 14%-16% and adjusted EPS to $2.10-$2.20, indicating positive momentum. Free cash flow is projected at $1.9 billion, enhancing shareholder value.

Carrier Global Corporation (NYSE:CARR) has announced a change in the schedule for its second quarter earnings call, now set for July 29, 2021, at 8:30 a.m. ET. The earnings will be discussed along with details regarding the sale of Chubb. Interested parties can access the webcast and presentation via ir.carrier.com. A replay of the earnings call will be available from 12:00 p.m. ET on July 29 until 12:00 p.m. ET on August 5, 2021.