Carrier Global Corporation: Expansion in Data Center Cooling Solutions A Critical Growth Catalyst? 

Carrier’s latest earnings for Q2 2024 indicates a quarter of continued strength and advancement towards the company’s strategic goals. Under the leadership of CEO David Gitlin and CFO Patrick Goris, the company has reaffirmed its commitment to becoming a global leader in intelligent climate and energy solutions, marked by notable order increases and strong margin expansions. Positive aspects from the quarter include a 12% increase in reported sales, significantly buoyed by the inclusion of Viessmann Climate Solutions. Organic sales growth, though modest at 2%, was supported by double-digit growth in commercial and light commercial HVAC, largely driven by strong demand in data centers and North America residential sectors. The company succeeded in expanding Q2 adjusted operating margins by 200 points to 18.1%, while adjusted earnings per share also witnessed a double-digit rise.