CARR Q2 2024 Earnings — Carrier Global Corporation Revenue & Financial Results | Market Cap Arena

CARRCarrier Global Corporation

$49B

Q2 2024 Earnings

Industrials Construction

Income Statement

Revenue

$5.9B-1.0% YoY

Gross Profit

$1.5B24.9% margin

Operating Income

$724M12.2% margin

Net Income

$2.3B39.4% margin

EPS (Diluted)

$2.55

QoQ Revenue Growth

+9.5%

Cash Flow

Operating Cash Flow

$660M

Free Cash Flow

$552M

Stock-Based Comp.

$21M

Balance Sheet

Total Assets

$40.4B

Total Liabilities

$26.3B

Stockholders' Equity

$13.8B

Cash & Equivalents

$2.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.9B	$6.0B	-1.0%
Gross Profit	$1.5B	$1.8B	-15.8%
Operating Income	$724M	$489M	+48.1%
Net Income	$2.3B	$199M	+1074.4%

Revenue Segments

Product

$6.0B90%

Service

$685M10%

Geographic Segments

UNITED STATES

$3.5B52%

Europe

$1.9B28%

Asia Pacific

$1.1B17%

Other Geographical Region

$219M3%