Carrier Global Delivers Mixed Q2 Results, Plan To Repurchase $1B Shares In H2
Carrier Global Delivers Mixed Q2 Results, Plan To Repurchase $1B Shares In H2
Carrier Global Corp (NYSE:CARR) shares are trading lower after it reported second-quarter FY24 results.
Carrier Global Corp (紐交所:CARR)股票在公佈第二季度業績FY24後下跌。
Net sales rose 12% Y/Y to $6.70 billion, missing the consensus of $7.00 billion.
淨銷售額同比增長12％至67億美元，低於70億美元的共識。
Revenue included 2% organic growth and a 12% boost from the Viessmann Climate Solutions acquisition, partially offset by a 2% decline from divestitures.
營業收入包括2%的有機增長和來自Viessmann Climate Solutions收購的12％增長，部分被出售減記的2%所抵消。
GAAP operating profit of $3.7 billion was up over 650% from last year, primarily due to the gain on the sale of Access Solutions and the addition of Viessmann Climate Solutions. Adjusted operating profit of $1.2 billion was up 26% Y/Y, driven by contribution from Viessmann Climate Solutions.
GAAP營業利潤大幅增長至37億美元，同比增長超過650％，主要是由於出售Access Solutions帶來的收益以及Viessmann Climate Solutions的增加。經調整的營業利潤12億美元，同比增長26％，受益於Viessmann Climate Solutions的貢獻。
Carrier Chairman & CEO David Gitlin said, "We delivered solid sales and roughly 30% orders growth as we continue to outperform in our markets. Our strong operational execution drove 200 basis points of adjusted operating margin expansion and double-digit adjusted earnings growth."
Carrier主席兼首席執行官David Gitlin表示："我們實現了穩健的銷售額，大約30％的訂單增長，繼續在市場中表現優異。我們強大的運營執行帶動了200個點子的調整營業利潤率擴張和兩位數的調整收益增長。"
The company reported adjusted EPS of $0.87, beating the consensus of $0.84.
該公司報告的調整每股收益爲0.87美元，超過0.84美元的共識。
Operating cash flow totaled $660 million, and capital expenditures were $111 million, resulting in a free cash flow of $549 million.
營業現金流總計6600萬美元，資本支出爲11100萬美元，自由現金流54900萬美元。
The company exited the quarter with cash and cash equivalents worth $2.92 billion.
該公司結束本季度時享有29.2億美元的現金及現金等價物。
Gitlin added that, "Year-to-date, we also closed on two of our four business exits, and the remaining two continue to track well. The proceeds from the exits, combined with our strong free cash flow performance, have enabled us to reduce net debt by about $5 billion in the quarter and we now plan to repurchase about $1 billion of shares in the second half of 2024."
Gitlin補充道:"截至目前，我們也完成了四項業務中的兩項出售，其餘兩項繼續良好跟蹤。從出售中獲得的收益，再加上我們強大的自由現金流表現，使我們能夠在本季度減少約50億美元的淨債務，我們現在計劃在2024年下半年收購約10億美元的股票。"
FY24 Outlook: Carrier reiterated adjusted EPS outlook of $2.80-$2.90 versus the $2.86 estimate.
FY24展望：Carrier重申調整每股收益展望爲2.80-2.90美元，而預計爲2.86美元。
The company reduced its sales outlook to ~$25.5 billion from previously expected ~$26 billion (vs. $25.555 billion estimate), with mid-single-digit organic growth.
該公司將銷售展望下調至約255億美元，原預期爲約260億美元（而非255.55億美元的估計），有中等單數字的有機增長。
Carrier reiterated outlook for an adjusted operating margin of 15.5% and a free cash flow of ~$0.4 billion.
Carrier重申調整後營業利潤率爲15.5％，自由現金流爲約4億美元的展望。
Investors can gain exposure to the stock via First Trust US Equity Opportunities ETF (NYSE:FPX) and Carbon Collective Climate Solutions U.S. Equity ETF (NASDAQ:CCSO).
投資者可以通過第一信託美國ipo指數基金(NYSE:FPX)和碳信集合氣候解決方案美國股票ETF(NASDAQ:CCSO)獲得該股票的曝光。
Price Action: CARR shares are down 2.73% at $64.19 at the last check Thursday.
股票代碼CARR在上週四最後一次交易檢查時下跌2.73％，至64.19美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本內容部分使用人工智能工具生成，並經Benzinga編輯審核發佈。
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