CARR Q1 2023 Earnings — Carrier Global Corporation Revenue & Financial Results | Market Cap Arena

CARRCarrier Global Corporation

$49B

Q1 2023 Earnings

Industrials Construction

Income Statement

Revenue

$5.3B+13.3% YoY

Gross Profit

$1.4B26.1% margin

Operating Income

$555M10.5% margin

Net Income

$373M7.1% margin

EPS (Diluted)

$0.44

QoQ Revenue Growth

+3.3%

Cash Flow

Operating Cash Flow

$120M

Free Cash Flow

$50M

Stock-Based Comp.

$22M

Balance Sheet

Total Assets

$26.4B

Total Liabilities

$17.9B

Stockholders' Equity

$8.1B

Cash & Equivalents

$3.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.3B	$4.7B	+13.3%
Gross Profit	$1.4B	$1.3B	+6.4%
Operating Income	$555M	$1.7B	-68.0%
Net Income	$373M	$1.4B	-73.0%

Revenue Segments

Product

$4.7B89%

Service

$587M11%

Geographic Segments

UNITED STATES

$2.9B54%

Europe

$1.2B23%

Asia Pacific

$1.0B20%

Other Geographical Region

$184M3%