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Carrier Global Corporation - Company Profile

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Carrier Global Corporation - Overview

Brands
A-D, Aritech, Automated Logic, Autronica, BENADRYL, Bryant, Carlyle, Carrier, Chubb, CIAT, Day & Night, Det-Tronics, Edwards, Fireye, GST, Heil, IMODIUM, Kidde, LenelS2, Marioff, MOTRIN, NORESCO, Onity, Payne, Riello, ROLAIDS, SUDAFED, Supra, Tempstar, ZYRTEC
Description
Carrier Global is a public company headquartered in Florida with an estimated 58,000 employees. In the US, the company has a notable market share in at least four industries: Heating & Air Conditioning Equipment Manufacturing, Alarm, Horn & Traffic Control Equipment Manufacturing, Fire & Smoke Alarm Manufacturing, Electronic Access Control System Manufacturing and Electronic Access Control System Manufacturing. Their largest market share is in the Alarm, Horn & Traffic Control Equipment Manufacturing industry, where they account for an estimated 66.7% of total industry revenue and are considered an All Star because they display stronger market share, profit and revenue growth compared to their peers.
Company Details

Registered Name: Carrier Global Corporation

Company Type: Operating

Exchange: NYSE

Headquarters: 13995 Pasteur Boulevard Palm Beach Gardens FL 33418

Website: https://www.carriereg.com/prices-of-air-conditioning-carrier/

Employees: 58000

Carrier Global Corporation - Operating Industries and Main Competitors

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Carrier Global Corporation - Products and Services

  • Heating & Air Conditioning Equipment Manufacturing in the US

    • Of the 5 core revenue-generating products and services in the Heating & Air Conditioning Equipment Manufacturing in the US industry, Carrier Global Corporation offers:
    • Air conditioning, warm air heating and refrigeration equipment
    • Air purification equipment
    • Heating equipment
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Carrier Global Corporation - Analyst Insights

Carrier Increases Globalization Efforts with Acquisition of Toshiba’s VRF & HVAC Segments

In February 2022, Carrier announced it had entered an agreement to acquire Toshiba Corporation’s (Toshiba) ownership in Toshiba Carrier Corporation (TCC), a joint venture with Carrier, for $869.0 million. Carrier, which originally had 40.0%, now has 95.0% ownership over TCC’s variable refrigerant flow (VRF) and light commercial HVAC segments. This acquisition positions Carrier as one of the fastest growing HVAC companies, as well as increases its production on a global scale with VRF. The acquisition is expected to close in the third quarter of 2022.

Balance Sheet|New Activity|ESG|M&A


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Carrier Global Corporation - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Carrier Global Corporation's performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Heating & Air Conditioning Equipment Manufacturing in the US, Alarm, Horn & Traffic Control Equipment Manufacturing in the US, and Electronic Access Control System Manufacturing in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
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Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Carrier Global Corporation - Financial Statements & Ratios

pie_chartCarrier Global Corporation Income Statement

BALANCE DATE12/31/202112/31/202012/31/201912/31/2018
Revenue20,613.017,456.018,608.018,914.0
Cost of Revenue0000000000000000
Cost of Revenue, Non-Cash0000000000000000
Gross Profit0000000000000000
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pie_chartCarrier Global Corporation Balance Sheet

BALANCE DATE12/31/202112/31/202012/31/201912/31/2018
Cash and Equivalents2,987.03,115.0952.01,129.0
Short-Term Investments0000000000000000
Derivative Assets, Current0000000000000000
Restricted Cash and Investments0000000000000000
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pie_chartCarrier Global Corporation Cash Flow

BALANCE DATE12/31/202112/31/202012/31/201912/31/2018
Net Income1,701.02,006.02,155.02,769.0
Income (Loss) From Discontinued Operations0000000000000000
Depreciation, Depletion and Amortization0000000000000000
Amortization of Financing Costs and Discounts0000000000000000
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