NYSE$CARR
Carrier Global Corp · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Carrier's Q4 2020 earnings surpassed expectations due to strong demand in North America residential HVAC and continued traction on growth and cost containment initiatives.
Carrier's Q4 2020 sales reached $4.6 billion, driven by strong demand in North America residential HVAC. GAAP EPS was $1.00, and adjusted EPS was $0.31. The company anticipates growth in sales, adjusted EPS, adjusted operating margin, and free cash flow in 2021.
- Sales of $4.6 billion driven by strong demand in North America residential HVAC
- GAAP EPS of $1.00 and adjusted EPS of $0.31
- Results included $50 million in vendor contract termination, legal and related costs
- Prepaid $1.75 billion term loan credit facility
Headline financials
Revenue & EPS history
Carrier · Revenue · Quarterly
$4.59B
Forward guidance
Carrier anticipates growth in sales, adjusted EPS, adjusted operating margin and free cash flow in 2021
Tailwinds
- Sales growth of 6% to 8%
- Organic sales up 4% to 6%
- Currency translation to add approximately 2%
- Adjusted operating margin of approximately 13.5%, up 70bps
- Adjusted EPS of $1.85 to $1.95, up 14% at midpoint
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 Q4 2020
+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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