CARR Q1 2024 Earnings — Carrier Global Corporation Revenue & Financial Results | Market Cap Arena

CARRCarrier Global Corporation

$49B

Q1 2024 Earnings

Industrials Construction

Income Statement

Revenue

$5.4B+2.8% YoY

Gross Profit

$1.5B27.7% margin

Operating Income

$385M7.1% margin

Net Income

$269M5.0% margin

EPS (Diluted)

$0.29

QoQ Revenue Growth

+6.2%

Cash Flow

Operating Cash Flow

$40M

Free Cash Flow

-$62M

Stock-Based Comp.

$19M

Balance Sheet

Total Assets

$40.8B

Total Liabilities

$28.9B

Stockholders' Equity

$11.6B

Cash & Equivalents

$1.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.4B	$5.3B	+2.8%
Gross Profit	$1.5B	$1.4B	+9.1%
Operating Income	$385M	$555M	-30.6%
Net Income	$269M	$373M	-27.9%

Revenue Segments

Product

$5.5B90%

Service

$640M10%

Geographic Segments

UNITED STATES

$3.0B48%

Europe

$2.0B32%

Asia Pacific

$1.0B17%

Other Geographical Region

$204M3%