CARR - Air Conditioning Provider Carrier Global Enjoyed A Hot Q3 Stock Rises After Annual Outlook Hiked | Benzinga
Carrier Global Corp (NYSE: CARR) reported third-quarter FY23 net sales growth of 5% year-over-year to $5.73 billion, +3% on an organic basis, missing the consensus of $5.89 billion.
CARR reported adjusted EPS of $0.89, beating the analyst consensus of $0.79.
Organic sales strength continued with 4% growth in the HVAC segment, with commercial HVAC up high-single-digits and North America residential and light commercial HVAC up 5% organically.
Adjusted operating profit of $1.04 billion was up 25.3% compared to last year, with a margin of 18.2%, ...