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CARRIER GLOBAL CORP 27/07/2023:

In the first half of the year, the company reported significant growth in net sales, with a 13% increase in the first quarter and a 15% increase in the second quarter, compared to the same periods in the previous year. Organic sales also showed positive growth, up 4% in the first quarter and 6% in the second quarter. GAAP EPS for the first half was $0.44, and adjusted EPS was $0.52 in the first quarter and $0.79 in the second quarter. Net cash inflows from operating activities were $120 million in the first quarter and $384 million in the second quarter, contributing to free cash flow generation of $50 million in the first quarter and $310 million in the second quarter. The company reaffirmed its full-year 2023 guidance for sales, adjusted operating margin, adjusted EPS, and free cash flow. Additionally, based on the strong first-half performance, the company increased its adjusted EPS guidance from a range of $2.50 – $2.60 to $2.55 – $2.65, despite the deconsolidation of Kidde-Fenwal, Inc. (KFI)

Date de publication :27/07/2023

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