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 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.
Carrier Global Corporation (NYSE: CARR) has announced the sale of its Chubb fire and security business to APi Group Corporation (NYSE: APG) for an enterprise value of $3.1 billion. The transaction allows Carrier to focus on its core operations and redeploy proceeds towards growth initiatives, dividends, and share repurchases. The sale, which is subject to regulatory approvals, is expected to finalize in late Q4 2021 or early Q1 2022. Carrier asserts that its global fire and security products business remains integral to its strategy for sustainable building solutions.
Carrier Global Corporation (NYSE:CARR) will be represented by Senior VP & CFO Patrick Goris at the 2021 Jefferies Virtual Industrials Conference on August 4, 2021, at 9:00 a.m. ET. The conference will be available for live viewing on ir.carrier.com, with a replay accessible afterward. Carrier is committed to providing sustainable and intelligent solutions, enhancing safety and comfort globally. For more details, visit www.Corporate.Carrier.com.
The news release issued by ECIMOS on July 19, 2021, regarding Carrier Global, the largest air conditioner manufacturer, has been officially retracted. Journalists and readers are advised to disregard the contents of this release, indicating that the information may not be accurate or relevant.
