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Sep 30, 2021
Carrier Q3 2021 Earnings Report
Reported strong sales and raised outlook, driven by continued growth across the portfolio.
Key Takeaways
Carrier Global Corporation reported a strong third quarter with sales of $5.3 billion, up 7% compared to 2020, including 4% organic growth. GAAP EPS was $0.53 and adjusted EPS was $0.71. The company raised its full-year 2021 projected organic sales growth to ~16% and adjusted EPS to ~$2.20.
Sales of $5.3 billion, up 7% compared to 2020 including 4% organic growth
GAAP EPS of $0.53 and adjusted EPS of $0.71
Net cash flow from operating activities of $579 million and free cash flow of $505 million
Raising full-year 2021 projected organic sales growth to ~16%, ~13% organic
Forward Guidance
Carrier’s updated outlook for 2021 is as follows including Chubb results:
Positive Outlook
- Sales Organic * +~13% Y/Y
- Acquisitions +1% Y/Y
- FX +2% Y/Y
- Adjusted Operating Margin *>13.5%
- Adjusted EPS *~$2.20
Historical Earnings Impact
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Avg. Return Before/After Earnings
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