Carrier Global Corp Q2 2023 Earnings Call Summary - Thomson StreetEvents

Carrier Global Corp Q2 2023 Earnings Call Summary

Carrier Global Corp Q2 2023 Earnings Call Summary - Thomson StreetEvents
Carrier Global Corp Q2 2023 Earnings Call Summary
Published Jul 27, 2023
18 pages (10758 words) — Published Jul 27, 2023
Price US$ 54.00  |  Buy this Report Now

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Abstract:

Edited Brief of CARR.N earnings conference call or presentation 27-Jul-23 11:30am GMT

  
Brief Excerpt:

...A. Organic sales growth grew 6% with both HVAC and Fire & Security up 9%. B. We drove strong double-digit growth in light commercial and commercial HVAC, global truck and trailer controls and aftermarket. C. Total company backlog remains well above historical levels, up 30% on a 2-year stack. D. Adjusted operating profit and adjusted EPS were up 12% and 13%, respectively, and free cash flow was strong at over $300 million. E. Price cost was increasingly positive in Q2. F. Toshiba Carrier performance came in stronger than expected, and we are on track to deliver $300 million of gross productivity this year. G. As a result of our strong first half performance, we are raising our full year guidance for organic growth, adjusted operating margins and adjusted EPS. H. Resi heat pump sales in North America have been up double digits year-to-date. I. We saw another quarter of over 20% growth in commercial heat pump sales in Europe and electric transport units doubled in Europe. J. Our Healthy Buildings...

  
Report Type:

Brief

Source:
Company:
Carrier Global Corp
Ticker
CARR.N
Time
11:30am GMT
Format:
PDF Adobe Acrobat
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Carrier Global Corp at Oppenheimer Industrial Growth Conference (Virtual) Summary – 2023-05-09 – US$ 54.00 – Edited Brief of CARR.N presentation 9-May-23 7:45pm GMT

Carrier Global Corp at Oppenheimer Industrial Growth Conference (Virtual) Transcript – 2023-05-09 – US$ 54.00 – Edited Transcript of CARR.N presentation 9-May-23 7:45pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Carrier Global Corp Q2 2023 Earnings Call Summary" Jul 27, 2023. Alacra Store. May 13, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Carrier-Global-Corp-Earnings-Call-B15653997>
  
APA:
Thomson StreetEvents. (2023). Carrier Global Corp Q2 2023 Earnings Call Summary Jul 27, 2023. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Carrier-Global-Corp-Earnings-Call-B15653997>
  
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