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Sep 30, 2024
Carrier Q3 2024 Earnings Report
Carrier reported strong financial results and adjusted its full year guidance to reflect the move of the Fire & Security segment to discontinued operations.
Key Takeaways
Carrier's Q3 2024 results showed a 21% increase in sales to $6.0 billion, with organic sales up by 4%. GAAP EPS from continuing operations was $0.62, while adjusted EPS from continuing operations reached $0.77. The company has updated its full-year guidance to reflect discontinued operations.
Net sales of $6.0 billion, up 21% versus third quarter 2023; organic sales up 4%.
GAAP EPS from continuing operations of $0.62 and adjusted EPS from continuing operations of $0.77.
Total GAAP EPS of $0.49 and adjusted EPS of $0.83.
Board increases remaining share repurchase authorization to $4.7 billion.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Carrier's updated guidance for 2024 now only reflects continuing operations with the exception of free cash flow.
Positive Outlook
- Sales ~$22.5B
- Organic* up ~3%
- FX (0%)
- Acquisitions +18%
- Divestitures (2%)
Challenges Ahead
- Adjusted Operating Margin*~15.5%
- Adjusted EPS*~$2.50
- Free Cash Flow*~($0.2B)
- Includes the expected results of continuing operations and discontinued operations.
- Includes ~$2.6B of expected tax payments on the gains from the announced business exits, restructuring, and transaction-related costs
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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