Carrier Q2 revenue rises on Climate Solutions Americas segment growth
CARR•Drivers of the quarter
- CSA segment growth — Organic sales growth was driven by strong performance in Residential and Light Commercial within the Climate Solutions Americas segment.
- Input costs and mix — Adjusted operating margin declined due to increased input costs and unfavorable business mix, which more than offset volume and productivity gains.
- Data center demand — Strong global orders were supported by continued demand from data center customers.
Key details and analyst view
| Metric | Actual |
|---|---|
| Q2 Revenue | $6.40 billion |
| Q2 Adjusted EPS | $0.86 |
| Q2 EPS | $0.60 |
| Q2 Free Cash Flow | $810 million |
The current average analyst rating on the shares is buy, with 15 strong buy or buy ratings, 10 hold ratings and no sell or strong sell ratings.
The average consensus recommendation for the electrical components & equipment peer group is buy.
Wall Street's median 12-month price target for Carrier Global Corp is , about above its July 27 closing price of .
