CARR stock rose 2.7% on February 22, 2022, after the CEO went on CNBC and said the company was positioned perfectly for current trends.
Carrier Global CEO: Trends here to stay play right to our strengths
On February 22, 2022, in an interview on CNBC’s Mad Money, Dave Gitlin said more money is being spent on sustainability, which is right in Carrier’s wheelhouse. He feels “very good” about sustained growth for the company. Following the spin, the Carrier has become externally focused, he noted. The company has a “very good handle” on inflationary pressures, Gitlin added. It is driving cost out of the system and managing inflation through pricing, he said.
Carrier Hosts 2022 Investor Day, Outlines Strategy for Long-Term Growth and Value Creation
PALM BEACH GARDENS, Fla., Feb. 22, 2022 /PRNewswire/ — Carrier Global Corporation (NYSE: CARR), the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, is hosting its 2022 Investor Day today at the Center for Intelligent Buildings, beginning at 8:30 a.m. ET.
Carrier Chairman & CEO Dave Gitlin, CFO Patrick Goris, and other members of the senior leadership team will provide details on the company’s strategy to drive the next phase of its growth, including how it plans to capitalize on global trends to capture significant market share with its differentiated products and services.
“Our industry is at the epicenter of some of the world’s most critical secular trends, including health and wellness, sustainability, digitalization and the growing global middle class,” said Gitlin. “We are well positioned to meet this moment as we shift from being an equipment provider to a solutions provider, demonstrating the power of the integrated Carrier portfolio. Looking ahead, I am confident that we have the strategic focus, experienced team and playbook required to increase aftermarket and digitally enabled revenues to outpace a growing market.”
Medium-Term Value Creation Framework
In conjunction with today’s announcement, the company is updating its medium-term value creation framework:**
Organic salesThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th...* growth of ~6-8% per year
Annual gross cost productivity of 2-3%
Adjusted operating margin* expansion of more than 50 bps per year
Double-digit growth in adjusted EPS*
Free cash flowThe cash flow statement provides a detailed overview of the cash inflows and outflows of a company over a specified period of time. It includes cash received from operations, inves...* conversion of ~100%
The presentation materials will be available on ir.carrier.com.
*See “Use and Definitions of Non-GAAP Financial Measures” below for additional information.
**Before M&A, including Toshiba Carrier Corp.
About Carrier
As the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, Carrier Global Corporation is committed to making the world safer, sustainable and more comfortable for generations to come. From the beginning, we’ve led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do.
Carrier Expands Sustainability Solutions and Services Offering to Help Customers Achieve Decarbonization Goals
PALM BEACH GARDENS, Fla., Feb. 21, 2022 /PRNewswire/ — Buildings are the biggest, most cost-effective climate mitigation solution available, according to a recent study. And more than one-third of the food produced for human consumption is lost before it can even make it to market, resulting in a significant carbon footprint. Carrier Global Corporation (NYSE: CARR), the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, is solving for these challenges through a comprehensive, integrated and growing suite of sustainability solutions and services that allow customers to reach their energy and decarbonization goals.
“Our suite of bespoke sustainability solutions – ranging from energy-efficient products to energy optimization services – are designed to reduce carbon emissions and support healthier communities worldwide,” said Jennifer Anderson, Chief Sustainability Officer, Carrier. “The future demands a decarbonized world and Carrier is ready to advance this mission through a holistic approach that helps our customers meet their sustainability goals and decarbonize at the pace and scale needed to deliver on the Paris Climate Accord.”
Carrier is aiming to reduce its customers’ carbon footprint by more than one gigaton by 2030 in part through a tailored approach for commissioning, specifying equipment and providing assessment services based on each customer’s sustainability, operational and budgetary goals. The approach meets building and cold chain customers where they are within the product lifecycle and capital planning process with expertise and solutions to design, enable and deliver improved sustainability.
Sustainable Buildings
Buildings in the U.S. alone consume approximately 40% of all energy, and within buildings, HVAC systems account for approximately 40% of energy use. Carrier products and services can help building customers achieve their sustainability goals:
Design:
Building assessments and sustainability services through NORESCO and EMSI, Carrier businesses that specialize in the development, design, construction and operation of energy and environmental efficiency projects
Portfolio energy monitoring and thermal mapping
Enable:
Products like high-efficiency chillers, heat pumps, and variable refrigerant flow technology that can significantly reduce the environmental impact of heating and cooling
Digital solutions like Carrier’s Abound digital offering that reduces energy consumption, lowers utility, operating and maintenance costs and improves indoor air quality, occupant comfort and productivity
Deliver:
Sustainability-as-a-service that leverages Carrier’s proprietary and award-winning CORTIX AI platform to deliver guaranteed and auditable energy savings and equivalent carbon reduction
BluEdge connected, condition-based maintenance service
Carrier’s design, enable and deliver approach for buildings is providing AquaForce® high-temperature heat pumps operating on ultra-low global warming potential (GWP) refrigerant to the City of London for a project expected to reduce carbon emissions of customers by up to 50% and enhance air quality.
Sustainable Cold Chain
While the world produces enough food to feed 10 billion people, one-third or more of it is wasted every year. Carrier is creating a smarter and more connected cold chain and offers products and services that help customers optimize their refrigeration technology and achieve their sustainability goals.
Design:
Transport fleet electrification and fuel savings solutions
Design-to-build natural refrigerant mechanical systems
Thermal storage and freight-lane mapping
Enable:
Natural refrigerant container and commercial systems that reduce food waste, save carbon emissions, and extend the world’s food supply
High-efficiency transport and commercial refrigeration products
Low-GWP cold chain solutions
Deliver:
Digital solutions like Carrier’s Lynx digital platform that intelligently connects cold chain systems enabling end-to-end visibility improving sustainable operations
BluEdge connected, condition-based maintenance service
Digitally enabled greenhouse gas and food waste reduction
Recent solutions include the transcritical CO2 ice-making system of the National Speed Skating Oval, known as the “Ice Ribbon,” in Beijing, China. It is the world’s most environmentally responsible ice-making technology with direct carbon emissions close to zero. In post-Olympic operation, it is expected to save nearly 2 million kWh of electricity each year.
📺 Jim Cramer recommends HVAC company Carrier Global
[embedyt] https://www.youtube.com/watch?v=m1smlHTpiKw[/embedyt]📉 CARR Stock Technical Analysis
Both the long and short-term trends are negative. It is better to avoid buying stocks with negative trends. CARR is currently trading in the middle of its 52-week range. This is in line with the S&P500 Index, which is also trading in the middle of its range. CARR is part of the Building Products industry. There are 44 other stocks in this industry. CARR outperforms 79% of them.
There is a support zone ranging from 44.07 to 44.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
There is a resistance zone ranging from 45.30 to 46.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames. There is a resistance zone ranging from 47.68 to 48.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames. Finally, there is resistance at 55.39 from a trend line in the daily time frame.
CARR has a bad technical rating, but it does show a decent setup pattern. CARR stock has a Setup Rating of 7 out of 10. Prices have been consolidating lately.
