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Carrier Global (CARR)
NYSE:CARR
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.59Last Year’s EPS
0.62Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: 1.33%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
Carrier demonstrated strong organic growth and successful portfolio transformation in 2024, with significant contributions from commercial HVAC and data center segments. However, challenges in residential HVAC markets and Viessmann underperformance, coupled with geopolitical and currency headwinds, present risks for 2025.Company Guidance
During Carrier's Fourth Quarter 2024 Earnings Conference Call, the company provided comprehensive guidance for 2025. They expect mid-single-digit organic growth, buoyed by their fifth consecutive year of double-digit growth in aftermarket and global commercial HVAC. Carrier anticipates around 100 basis points of year-over-year margin expansion and a 17% increase in adjusted EPS at the midpoint, with approximately 100% free cash flow conversion. The guidance reflects the strategic positioning following their portfolio transformation, including the integration of Viessmann Climate Solutions and divestitures that yielded over $10 billion in gross proceeds. Capital allocation remains disciplined, with plans to repurchase about $3 billion in shares, supported by an expected $2.4 to $2.6 billion in free cash flow.Organic Growth and Earnings Expansion
Carrier achieved 3% organic growth in 2024, with significant contributions from global commercial HVAC and aftermarket. The company reported a 16% growth in adjusted EPS and 180 basis points of margin expansion.
Successful Portfolio Transformation
Carrier completed its portfolio transformation, integrating Viessmann Climate Solutions and executing divestitures, yielding over $10 billion in proceeds. The company also returned over $2.6 billion to shareholders through dividends and share repurchases.
Strong Performance in Data Centers
Carrier's data center sales are expected to double to $1 billion in 2025, driven by the Quantum Leap initiative and comprehensive cooling solutions for hyperscalers and colos.
Viessmann Revenue Synergies
Carrier expects $100 million in revenue synergies from the Viessmann acquisition, with significant contributions from new product introductions and channel expansions.
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CARR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CARR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 11, 2025 | $66.23 | $65.16 | -1.62% |
| Oct 24, 2024 | $79.47 | $72.46 | -8.82% |
| Jul 25, 2024 | $65.60 | $64.44 | -1.77% |
| Apr 25, 2024 | $54.11 | $59.09 | +9.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Carrier Global (CARR) report earnings?
Carrier Global (CARR) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Carrier Global (CARR) earnings time?
Carrier Global (CARR) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CARR EPS forecast?
CARR EPS forecast for the fiscal quarter 2025 (Q1) is 0.59.
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