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Dec 31, 2020
Carrier Q4 2020 Earnings Report
Carrier's Q4 2020 earnings surpassed expectations due to strong demand in North America residential HVAC and continued traction on growth and cost containment initiatives.
Key Takeaways
Carrier's Q4 2020 sales reached $4.6 billion, driven by strong demand in North America residential HVAC. GAAP EPS was $1.00, and adjusted EPS was $0.31. The company anticipates growth in sales, adjusted EPS, adjusted operating margin, and free cash flow in 2021.
Sales of $4.6 billion driven by strong demand in North America residential HVAC
GAAP EPS of $1.00 and adjusted EPS of $0.31
Results included $50 million in vendor contract termination, legal and related costs
Prepaid $1.75 billion term loan credit facility
Carrier
Carrier
Forward Guidance
Carrier anticipates growth in sales, adjusted EPS, adjusted operating margin and free cash flow in 2021
Positive Outlook
- Sales growth of 6% to 8%
- Organic sales up 4% to 6%
- Currency translation to add approximately 2%
- Adjusted operating margin of approximately 13.5%, up 70bps
- Adjusted EPS of $1.85 to $1.95, up 14% at midpoint