Carrier Global Q2 EPS 60c from Continuing Ops — First Look at Results
CARR sits 44% above its 52-week low of $50.24.
Summary
Carrier Global reported Q2 continuing operations EPS of 60 cents. Q2 sales rose 4% to $6.351 billion, adjusted EPS was $0.86, and the company raised full-year guidance to about $23 billion sales, approximately $3.5 billion adjusted operating profit, and approximately $2.90 adjusted EPS. This is the first glimpse of Q2 results, with no prior estimates or guidance in the timeline for comparison. The figure follows a Q1 where adjusted EPS of 57 cents beat expectations, but GAAP results showed sharp declines amid restructuring costs. The Q2 number will be scrutinized for whether operational improvements are taking hold after the Q1 GAAP weakness. The recent acquisition of 75F and board appointment of Neil Barua add strategic context, but the earnings print itself is the primary driver. Watch for full details and any guidance update in the upcoming earnings release.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Carrier Global's Q2 sales rose 4% to $6.351 billion, adjusted EPS was $0.86, and it raised full-year guidance to about $23 billion sales, ~$3.5 billion adjusted operating profit, and ~$2.90 adjusted EPS.
At the time of this announcement, CARR was trading at $72.55 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $57.6B. The 52-week trading range was $50.24 to $81.09. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.