In recent developments, Carrier Global Corporation (CARR) projected its 2025 earnings per share (EPS) to be within $2.95-$3.05, with a mid-single digit organic growth target. The company delivered strong Q4 results, surpassing earnings and revenue estimates which drove the stock up. Carrier announced executive changes, with Amy Miles being appointed to its Board of Directors. The company's TechVantage initiative aims to strengthen its U.S. workforce, envisaging to hire 1,000 employees and train 100,000 technicians. Carrier's outlook and strategy were revealed by the CEO at various industrial conferences. Furthermore, Carrier launched QuantumLeap Cooling Solutions for Data Centers, part of its comprehensive suite of energy-efficient solutions. However, the reported sales fell below analysts' estimates in Q4. Despite this, Mizuho upgraded the company's stock to 'Outperform'. Two major sales of its Commercial and Residential Fire Business, and its Commercial Refrigeration Business, were recently completed. Carrier's Board announced an 18 percent increase in its quarterly dividend to $0.225 per share. The company was recognized in Fortune's list of the World's Most Admired Companies and named to the inaugural Forbes' Most Trusted Companies in America list.
Carrier Global Corporation CARR News Analytics from Thu, 25 Apr 2024 07:00:00 GMT to Sat, 15 Feb 2025 10:15:46 GMT - Rating 7 - Innovation 5 - Rumor 8
