Carrier Q3 2022 Earnings Report
Key Takeaways
Carrier Global Corporation reported a 2% increase in sales to $5.5 billion, with organic sales up 8%. GAAP EPS was $1.53 and adjusted EPS was $0.70. The company updated its full-year adjusted EPS guidance to $2.30 to $2.35 and free cash flow guidance to ~$1.4 billion. A $2 billion share repurchase program was authorized.
Net sales increased by 2% compared to the prior year, with organic sales up 8%.
GAAP EPS was reported at $1.53, while adjusted EPS reached $0.70.
Net cash flows from operating activities amounted to $790 million, resulting in a free cash flow of $699 million.
The company's Board of Directors approved a $2 billion share repurchase authorization.
Carrier
Carrier
Carrier Revenue by Segment
Forward Guidance
Carrier is updating its 2022 adjusted EPS guidance range to $2.30 to $2.35 from $2.25 to $2.35 and updating 2022 free cash flow guidance to ~$1.4 billion from ~$1.65 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income