NYSE$CARR
Carrier Global Corp · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Reported strong revenue growth and raised full-year guidance for sales, adjusted EPS, adjusted operating margin and free cash flow.
Carrier Global Corporation reported strong second-quarter results with sales of $5.4 billion, up 37% compared to 2020, including 31% organic growth. GAAP EPS was $0.55 and adjusted EPS was $0.64. The company raised its full-year outlook for sales growth to 14% to 16%, adjusted EPS range to $2.10 to $2.20, and expected free cash flow to about $1.9 billion.
- Sales of $5.4 billion, up 37% compared to 2020 including 31% organic growth
- GAAP EPS of $0.55 and adjusted EPS of $0.64
- Net cash flow from operating activities of $561 million and free cash flow of $482 million
- Increased full-year 2021 sales growth outlook to 14% to 16%, 10% to 12% organic
Headline financials
Revenue & EPS history
Carrier · Revenue · Quarterly
$5.44B
Forward guidance
Carrier is announcing the following updated outlook for 2021:
Tailwinds
- Sales growth of 14% to 16%, up from 7% to 10%
- Organic sales growth of 10% to 12%, up from 5% to 8%
- Completed acquisitions to add approximately 1%
- Currency translation to add approximately 3%, up from approximately 2%
- Adjusted EPS of $2.10 to $2.20, up from $1.95 to $2.05
Headwinds
- Adjusted operating margin greater than 13.5%
- Free cash flow of about $1.9 billion, up from about $1.7 billion
- Chubb is included in the full-year 2021 outlook
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
+0.6%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+6.5%
Avg return
30 days after
50%
15 / 30 earnings
Positive
+11.8%
Q1 2020
Best reaction
-10.6%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +5.9% | +4.0% | +3.6% | |
| Q4 2025 | -0.7% | +3.6% | -8.2% | |
| Q3 2025 | +0.9% | +2.1% | -6.7% | |
| Q2 2025 | -10.6% | -16.5% | -17.5% | |
| Q1 2025 | +11.6% | +12.2% | +13.8% | |
| Q4 2024 | -1.6% | -1.7% | -3.0% | |
| Q3 2024 | -7.8% | -6.7% | -3.7% | |
| Q2 2024 | +1.2% | +2.2% | +8.0% | |
| Q1 2024 | +10.5% | +12.3% | +19.9% | |
| Q4 2023 | -4.3% | -0.4% | +5.8% | |
| Q3 2023 | -1.1% | +1.3% | +12.6% | |
| Q2 2023 | +8.4% | +9.9% | +1.1% | |
| Q1 2023 | -3.1% | -0.3% | -1.7% | |
| Q4 2022 | -2.4% | -2.9% | +0.0% | |
| Q3 2022 | +7.6% | +6.9% | +19.0% | |
| Q2 2022 | +2.5% | +2.2% | +1.8% | |
| Q1 2022 | -4.9% | -4.7% | -0.1% | |
| Q4 2021 | +4.9% | -0.5% | -4.2% | |
| Q3 2021 | -1.7% | -1.4% | +4.2% | |
| Q2 2021 | +7.1% | +10.9% | +13.1% | |
| Q1 2021 | -2.0% | -3.1% | +3.2% | |
| Q4 2018 | -6.3% | -6.1% | -1.2% | |
| Q4 2020 | -6.3% | -6.1% | -1.2% | |
| Q3 2019 | +0.3% | +11.0% | +13.5% | |
| Q3 2020 | +0.3% | +11.0% | +13.5% | |
| Q2 2019 | +2.7% | +4.5% | +12.6% | |
| Q2 2020 | +0.2% | +2.2% | +11.5% | |
| Q4 2019 | -3.1% | -9.0% | +20.9% | |
| Q1 2019 | -3.1% | -9.0% | +20.9% | |
| Q1 2020 | +11.8% | +0.2% | +43.6% |
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