The company said net sales for Q3 2024 were $6.0 billion, up 21% from a year earlier, with organic growth of 4% and an acquisition contribution of about 17%, mainly from Viessmann Climate Solutions.

1. 01

   The company said net sales for Q3 2024 were $6.0 billion, up 21% from a year earlier, with organic growth of 4% and an acquisition contribution of about 17%, mainly from Viessmann Climate Solutions.

2. 02

   The company said GAAP operating profit for Q3 was $0.8 billion, up 50% from a year earlier. Adjusted operating profit from continuing operations exceeded $1.0 billion, up 19%. GAAP EPS from continuing operations was $0.62, and adjusted EPS was $0.77.

3. 03

   Carrier Global said preliminary net cash flows from operating activities for the first 9 months of the year were $431 million, and capital expenditures were $312 million, resulting in preliminary free cash flow of $119 million. It said this includes cash tax payments of about $1 billion on gains from business exits.

4. 04

   Carrier Global said its Board of Directors on October 21, 2024 increased the share repurchase authorization by $3 billion. Including the remaining prior authorization, the current limit is about $4.7 billion, and the authorization has no time limit.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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