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Mar 31, 2020
Carrier Q1 2020 Earnings Report
Reported sales of $3.9 billion and adjusted EPS of $0.35.
Key Takeaways
Carrier Global Corporation reported first quarter sales of $3.9 billion, a 10% decrease compared to the previous year. GAAP EPS was $0.11, and adjusted EPS was $0.35. The company identified $425 million in full-year cost reductions.
Sales of $3.9 billion were reported.
GAAP operating profit was $315 million, with an adjusted operating profit of $436 million.
GAAP EPS was $0.11, and adjusted EPS was $0.35.
$425 million in full-year cost reductions were identified.
Carrier
Carrier
Forward Guidance
Carrier considered a range of different assumptions and the most reasonable scenarios fall into the following ranges:
Positive Outlook
- Sales of $15 - $17 billion
- Adjusted operating profit of $1.7 - $2.0 billion
- Free cash flow in excess of $1 billion