CARR Q3 2023 Earnings — Carrier Global Corporation Revenue & Financial Results | Market Cap Arena

CARRCarrier Global Corporation

$49B

Q3 2023 Earnings

Industrials Construction

Income Statement

Revenue

$4.9B-9.5% YoY

Gross Profit

$1.5B30.2% margin

Operating Income

$510M10.3% margin

Net Income

$357M7.2% margin

EPS (Diluted)

$0.42

QoQ Revenue Growth

-17.6%

Cash Flow

Operating Cash Flow

$1.0B

Free Cash Flow

$968M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$26.5B

Total Liabilities

$18.0B

Stockholders' Equity

$8.2B

Cash & Equivalents

$3.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.9B	$5.5B	-9.5%
Gross Profit	$1.5B	$1.5B	+0.8%
Operating Income	$510M	$1.5B	-66.6%
Net Income	$357M	$1.3B	-72.8%

Revenue Segments

Product

$5.1B89%

Service

$650M11%

Geographic Segments

UNITED STATES

$3.3B58%

Europe

$1.1B20%

Asia Pacific

$1.1B19%

Other Geographical Region

$211M4%