Carrier Global Corporation (CARR) has revealed a
strategic share repurchase and a 4.3 million share repurchase from Viessmann Traeger Holdco worth $300 million. The company reported a
powerful Q1 2025 with increased EPS and robust performance. Carrier's actions have led to an impressive 26% growth in its stock, bolstered by strong quarterly results,
aggressive intrusion into the data center, and surprising announcements such as the appointment of Amy Miles to its board and the completion of Addvolt's acquisition.
CARR has shown its dedication to innovation by launching
AI-driven data center cooling solutions and investing in ZutaCore to advance data center cooling technology. They've also invested another $1 billion to expand their U.S. manufacturing footprint. Increased HVAC demand led to a better-than-expected profit and an elevated 2025 forecast. Carrier is also focusing on advancing its inventory management via a
digital supply chain transformation and has introduced QuantumLeap cooling solutions for data centers.
An 18 percent rise in Carrier's quarterly dividend to $0.225 per share has been declared by the Board of Directors. Despite some volatility in sales and outlook, the company has managed to maintain a positive trajectory for growth.
Carrier Global Corporation CARR News Analytics from Tue, 09 Jul 2024 07:00:00 GMT to Fri, 06 Jun 2025 12:31:00 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor -3
