CARRIER GLOBAL Corp
For the period ended Mar 31, 2024. Filed Apr 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 25, 2024
CARR$53.01-0.6%Stored close · as of Nov 10, 2026
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Item 1. Financial Statements:
PART I – FINANCIAL INFORMATION
Item 1. Financial Statements
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
| Three Months Ended March 31, | ||
|---|---|---|
| (In millions, except per share amounts) | 2024 | 2023 |
| Net sales | ||
| Product sales | $5,542 | $4,686 |
| Service sales | 640 | 587 |
| Total Net sales | 6,182 | 5,273 |
| Costs and expenses | ||
| Cost of products sold | (3,998) | (3,458) |
| Cost of services sold | (479) | (437) |
| Research and development | (224) | (139) |
| Selling, general and administrative | (985) | (721) |
| Total Costs and expenses | (5,686) | (4,755) |
| Equity method investment net earnings | 31 | 44 |
| Other income (expense), net | (27) | (7) |
| Operating profit | 500 | 555 |
| Interest (expense) income, net | (165) | (46) |
| Income from operations before income taxes | 335 | 509 |
| Income tax (expense) benefit | (46) | (122) |
| Net income from operations | 289 | 387 |
| Less: Non-controlling interest in subsidiaries' earnings from operations | 20 | 14 |
| Net income attributable to common shareowners | $269 | $373 |
| Earnings per share | ||
| Basic | $0.30 | $0.45 |
| Diluted | $0.29 | $0.44 |
| Weighted-average number of shares outstanding | ||
| Basic | 899.2 | 835.0 |
| Diluted | 913.0 | 852.2 |
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