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Dec 31, 2022
Carrier Q4 2022 Earnings Report
Reported strong financial results for the fourth quarter and full year of 2022.
Key Takeaways
Carrier's Q4 2022 sales were $5.1 billion, down 1% compared to the prior year, but included organic sales growth of 5%. GAAP EPS was $0.32 and adjusted EPS was $0.40. Net cash flow from operating activities was $1.1 billion and free cash flow was $983 million.
Sales of $5.1 billion, down 1% compared to 2021 including 5% organic growth
GAAP EPS of $0.32 and adjusted EPS of $0.40
Net cash flow from operating activities of $1.1 billion
Free cash flow of $983 million
Forward Guidance
Carrier is announcing the following outlook for 2023: Sales of ~$22 billion with low to mid-single digit organic growth. Adjusted operating margin of ~14%, includes ~50 bps negative impact from TCC. Adjusted EPS of $2.50 - $2.60, up high-single to low-double digits. Free cash flow of ~$1.9 billion
Historical Earnings Impact
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Avg. Return Before/After Earnings
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