Key developments for Carrier Global Corporation (CARR) include a $633,000 stake held by International Assets Investment Management. The company plans to donate over $2.5 Million in Indoor Air Purifiers for wildfire relief efforts in Los Angeles. Q3 results demonstrated solid performance, with the company's stock outperforming competitors on a strong trading day. Speculation around the next quarterly earnings report continues, with previous quarters showing strong results. A significant event was the close of $4.95b sale of its Global Access Solutions Business. Discouraging reports suggest the company missed their Q3 estimates, raising questions about their FY24 outlook - a $4bn revenue cut was announced due to weak consumer demand. On a more positive note, Carrier was named to Forbes' inaugural list of most trusted companies and declared a quarterly cash dividend. The company also revealed strategic plans regarding sustainability and decarbonization for 2025. Despite mixed reviews, analysts maintain Carrier in their top stock picks for the next 12 months. Moves such as the sale of their fire business to an affiliate of Lone Star Funds for $3 billion underscores transformative corporate decisions. Rampant market conditions led to a 38% rise in year-to-date performance.
Carrier Global Corporation CARR News Analytics from Tue, 06 Feb 2024 08:00:00 GMT to Sat, 11 Jan 2025 09:10:53 GMT -
