Carrier Global’s results for the last quarter were an all-around beat and its cash flows, earnings, and sales were in line with the expectations of the management. It delivered organic sales growth supported by double-digit growth in commercial HVAC and light commercial, trailer and global truck, and after-market. Supply chain improvements continued and pricing remained strong. The company made great progress in its productivity initiatives. As customers continue looking for sustainable and healthy solutions, Carrier Global differentiated its offerings that meet their needs, especially in the fast-growing heat pump space. Recently, the company released the Abound Net Zero management which provides customers with quite an easy way to analyze, track, and view energy usage and emissions data over their global footprint. Carrier made progress in its innovative Lynx platform and has launched various new capabilities this quarter. It also launched a managed services linked offering for a retail grocery chain in the U.S. We give Carrier Global a ‘Hold’ rating with a revised target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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