CARRIER GLOBAL Corp (CARR) [Rocket]

Overview

CARRIER GLOBAL Corp (CARR)

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Recent News + Filings (All items)

Date Filed	Type	Description
08/10/2023	SC 13G/A	Capital Research Global Investors reports a 10.3% stake in Carrier Global Corp.
07/31/2023	4	Form 4 - Statement of changes in beneficial ownership of securities:
07/31/2023	4	Form 4 - Statement of changes in beneficial ownership of securities:
07/31/2023	144	Form 144 - Report of proposed sale of securities:
07/31/2023	144	Form 144 - Report of proposed sale of securities:
07/28/2023	S-3ASR	Form S-3ASR - Automatic shelf registration statement of securities of well-known seasoned issuers:
07/27/2023	10-Q	Quarterly Report for the period ended June 30, 2023

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18
Revenues	20,421	20,613	17,456	18,608	18,914
Revenue growth	-0.9%	18.1%	-6.2%	-1.6%
Cost of goods sold	12,855	14,345	11,134	12,955	12,188
Gross profit	7,566	6,268	6,322	5,653	6,726
Gross margin	37.1%	30.4%	36.2%	30.4%	35.6%
Selling, general and administrative	2,512	3,120	2,820	2,761	2,689
Research and development	539	503	419	401	400
EBITA	2,799	2,702	3,230	2,501	3,635
EBITA margin	13.7%	13.1%	18.5%	13.4%	19.2%
Amortization of intangibles	124	98	102	116	136
EBIT	2,675	2,604	3,128	2,385	3,499
EBIT margin	13.1%	12.6%	17.9%	12.8%	18.5%
Pre-tax income	4,292	2,400	2,855	2,672	3,842
Income taxes	708	699	849	517	1,073
Tax rate	16.5%	29.1%	29.7%	19.3%	27.9%
Net income	3,534	1,664	1,982	2,116	2,734
Net margin	17.3%	8.1%	11.4%	11.4%	14.5%

Diluted EPS	$4.10	$1.87	$2.25	$2.44	$3.16
Shares outstanding (diluted)	861	890	880	866	866

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.