**Carrier Global Corporation** (CARR) demonstrated substantial growth, releasing its impressive 2024 results and setting forth a promising 2025 outlook. The Corporation actively ventured into the data center industry with the launch of QuantumLeap Cooling Solutions. In concert with Google Cloud, they intend to advance smart energy management. Despite missing Q3 estimates which affected stock performance, they have seen a 5.3% increase in their stock and a notable 385% return over the last five years.
Moreover, they made some strategic financial decisions, including the $3B sale of its Commercial and Residential Fire Business and $775M sale of its Commercial Refrigeration Business. There were also some important changes in corporate governance with significant addition to its Board of Directors and an 18 percent increase in its Quarterly Dividend announced by the Board.
The future of Carrier seems bright under its current leadership; they are all set to continue their course with a strong growth strategy and will be making a major investment in their U.S. workforce. However, there were some discrepancies with revenue forecasts and the stock market performance. Nevertheless, Carrier's resilience and innovation have not gone unnoticed, securing rankings in TIME World's Best Companies 2024 and Forbes World's Top Companies for Women 2024.
Carrier Global Corporation CARR News Analytics from Mon, 03 Jun 2024 07:00:00 GMT to Thu, 27 Mar 2025 11:27:20 GMT - Rating 7 - Innovation 6 - Information 8 - Rumor 1
