CARR Q2 2023 Earnings — Carrier Global Corporation Revenue & Financial Results | Market Cap Arena

CARRCarrier Global Corporation

$49B

Q2 2023 Earnings

Industrials Construction

Income Statement

Revenue

$6.0B+15.0% YoY

Gross Profit

$1.8B29.3% margin

Operating Income

$489M8.2% margin

Net Income

$199M3.3% margin

EPS (Diluted)

$0.23

QoQ Revenue Growth

+13.6%

Cash Flow

Operating Cash Flow

$384M

Free Cash Flow

$310M

Stock-Based Comp.

$18M

Balance Sheet

Total Assets

$26.3B

Total Liabilities

$18.0B

Stockholders' Equity

$8.0B

Cash & Equivalents

$3.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.0B	$5.2B	+15.0%
Gross Profit	$1.8B	$1.5B	+20.9%
Operating Income	$489M	$819M	-40.3%
Net Income	$199M	$573M	-65.3%

Revenue Segments

Service

$637M100%

Geographic Segments

UNITED STATES

$3.4B57%

Europe

$1.2B20%

Asia Pacific

$1.2B20%

Other Geographical Region

$204M3%