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 (纽交所:CARR)股票在公布第二季度财报FY24后下跌。
Net sales rose 12% Y/Y to $6.70 billion, missing the consensus of $7.00 billion.
净销售额同比增长12％至67亿美元，低于70亿美元的共识。
Revenue included 2% organic growth and a 12% boost from the Viessmann Climate Solutions acquisition, partially offset by a 2% decline from divestitures.
营业收入包括2%的有机增长和来自Viessmann Climate Solutions收购的12％增长，部分被出售减记的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营业利润大幅增长至37亿美元，同比增长超过650％，主要是由于出售Access Solutions带来的收益以及Viessmann Climate Solutions的增加。经调整的营业利润12亿美元，同比增长26％，受益于Viessmann Climate Solutions的贡献。
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主席兼首席执行官David Gitlin表示："我们实现了稳健的销售额，大约30％的订单增长，继续在市场中表现优异。我们强大的运营执行带动了200个基点的调整营业利润率扩张和两位数的调整收益增长。"
The company reported adjusted EPS of $0.87, beating the consensus of $0.84.
该公司报告的调整每股收益为0.87美元，超过0.84美元的共识。
Operating cash flow totaled $660 million, and capital expenditures were $111 million, resulting in a free cash flow of $549 million.
营业现金流总计6600万美元，资本支出为11100万美元，自由现金流54900万美元。
The company exited the quarter with cash and cash equivalents worth $2.92 billion.
该公司结束本季度时享有29.2亿美元的现金及现金等价物。
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补充道:"截至目前，我们也完成了四项业务中的两项出售，其余两项继续良好跟踪。从出售中获得的收益，再加上我们强大的自由现金流表现，使我们能够在本季度减少约50亿美元的净债务，我们现在计划在2024年下半年收购约10亿美元的股票。"
FY24 Outlook: Carrier reiterated adjusted EPS outlook of $2.80-$2.90 versus the $2.86 estimate.
FY24展望：Carrier重申调整每股收益展望为2.80-2.90美元，而预计为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.
该公司将销售展望下调至约255亿美元，原预期为约260亿美元（而非255.55亿美元的估计），有中等单数字的有机增长。
Carrier reiterated outlook for an adjusted operating margin of 15.5% and a free cash flow of ~$0.4 billion.
Carrier重申调整后营业利润率为15.5％，自由现金流为约4亿美元的展望。
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).
投资者可以通过第一信托美国ipo指数基金(NYSE:FPX)和碳信集合气候解决方案美国股票ETF(NASDAQ:CCSO)获得该股票的曝光。
Price Action: CARR shares are down 2.73% at $64.19 at the last check Thursday.
股票代码CARR在上周四最后一次交易检查时下跌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.
免责声明：本内容部分使用人工智能工具生成，并经Benzinga编辑审核发布。
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