On CNBC’s "Mad Money Lightning Round," Jim Cramer said he likes Trane Technologies PLC (NYSE: TT ), but recommended going with Carrier Global Corporation (NYSE: CARR ). Cramer said he prefers Devon Energy Corporation (NYSE: DVN ) to Occidental … Full story available on Benzinga.com
Acquisition strengthens Carrier''s position in the fast-growing, sustainable and highly efficient variable refrigerant flow (VRF) and heat pump market segments to support customers'' decarbonization efforts PALM BEACH GARDENS, Fla. , Aug. 1, 2022 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, has completed its acquisition of substantially all of Toshiba Corporation''s ( TOKYO : 6502) ownership stake in Toshiba Carrier Corporation (TCC). A longstanding joint venture between Carrier and Toshiba, TCC is a global provider of residential and light commercial HVAC solutions, including VRF and heat pump products. "This acquisition presents tremendous growth opportunities for Carrier in the fast-growing, energy-efficient VRF and heat pump markets," said David Gitlin , Chairman & CEO, Carrier. "Toshiba Carrier''s differentiated technology, strong channel and global design and manufacturing footprint allow us to benefit from growing electrification and sustainability trends.
“Gobsmacked” best describes the mood among congressional Democrats and environmental advocates yesterday. After months of difficult negotiations with Sen. Joe Manchin (D.-W.Va), a small group of senators secured his support for a $369 billion climate package that is part of the Inflation Reduction Act of 2022 . The bill still faces some obstacles. All fifty Senate Democrats must vote in favor of the bill next week, and that means showing up in person at a time when lawmakers have been sidelined by COVID. Plus, Sen. Kyrsten Sinema (D-Ariz.) still has not given her approval; the word is that she bristled at being left out of the negotiations. Plus, it will have to pass the House, where the Democrats’ margin is thin. SEE MORE Electric Vehicles Take Charge in 2022 But for companies that prioritize environmental, social and corporate governance, the bill has substantial promise – and could give their shares a boost. Here’s why. Electric vehicles (EVs) are flying off dealer lots, but they still typically cost more upfront than gas-powered cars.
Carrier Global Corp (NYSE: CARR ) reported a second-quarter FY22 net sales decline of 4% year-over-year to $5.21 billion , beating the consensus of $5.17 billion. The sales decline was driven by the Chubb divestiture, but organic sales grew 7%. Adjusted EPS was $0.69, beating the consensus of $0.62. Sales by segments: HVAC $3.39 billion (+8.6% Y/Y), Refrigeration $1.04 billion (+2% Y/Y), and Fire & Security $887 million (-36.8% Y/Y). Adjusted operating margin expanded by 130 bps to … Full story available on Benzinga.com
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Carrier Global Corp (NYSE: CARR ) and Procter & Gamble Co (NYSE: PG ) plan to establish a collaborative effort to improve access to education and tools needed to create safer and healthier homes. Carrier, through its indoor air … Full story available on Benzinga.com
Wednesday’s additional top analyst upgrades and downgrades included Canadian National Railway, Carrier Global, Century Aluminum, Expedia, Ginkgo Bioworks, U.S. Foods, Visa, Welltower and more.
Companies Reporting Before The Bell • PBF Energy (NYSE: PBF ) is projected to report quarterly earnings at $0.26 per share on revenue of $8.24 billion. • Merck & Co (NYSE: MRK ) is estimated to report quarterly earnings at $1.83 per share on revenue of $14.68 billion. • Smith & Nephew (NYSE: SNN ) is estimated to report earnings for its first quarter. • Domino''s Pizza (NYSE: DPZ ) is estimated to report quarterly earnings at $3.05 per share on revenue of $1.03 billion. • Limelight Networks (NASDAQ: LLNW ) is projected to report quarterly loss at $0.04 per share on revenue of $56.30 million. • FTI Consulting (NYSE: FCN ) is expected to report quarterly earnings at $1.33 per share on revenue of $703.00 million. • T. Rowe Price Gr (NASDAQ: TROW ) is expected to report quarterly earnings at $2.74 per share on revenue of $1.89 billion. • Stericycle (NASDAQ: SRCL ) is likely to report quarterly earnings at $0.46 per share on revenue of $671.00 million. • Abiomed (NASDAQ: ABMD ) is estimated to report quarterly earnings at $1.