CARRIER GLOBAL Corp
For the period ended Sep 30, 2024. Filed Oct 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 25, 2024
CARR$53.01-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statement of Operations (Unaudited)
-CARRIER GLOBAL CORPORATION
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (In millions, except per share amounts) | 2024 | 2023 | 2024 | 2023 |
| Net sales | ||||
| Product sales | $5,307 | $4,344 | $15,460 | $12,939 |
| Service sales | 677 | 591 | 1,878 | 1,696 |
| Total Net sales | 5,984 | 4,935 | 17,338 | 14,635 |
| Costs and expenses | ||||
| Cost of products sold | (3,796) | (2,986) | (11,245) | (9,269) |
| Cost of services sold | (511) | (463) | (1,456) | (1,321) |
| Research and development | (172) | (126) | (524) | (355) |
| Selling, general and administrative | (799) | (664) | (2,394) | (1,870) |
| Total Costs and expenses | (5,278) | (4,239) | (15,619) | (12,815) |
| Equity method investment net earnings | 66 | 75 | 187 | 171 |
| Other income (expense), net | (9) | (261) | (34) | (370) |
| Operating profit | 763 | 510 | 1,872 | 1,621 |
| Non-service pension (expense) benefit | (1) | — | (1) | — |
| Interest (expense) income, net | 8 | (39) | (290) | (126) |
| Earnings before income taxes | 770 | 471 | 1,581 | 1,495 |
| Income tax (expense) benefit | (172) | (177) | (339) | (453) |
| Earnings from continuing operations | 598 | 294 | 1,242 | 1,042 |
| Discontinued operations, net of tax | (117) | 87 | 1,897 | (41) |
| Net earnings (loss) | 481 | 381 | 3,139 | 1,001 |
| Less: Non-controlling interest in subsidiaries' | 34 | 24 | 86 | 72 |
| Net earnings (loss) attributable to common shareowners | $447 | $357 | $3,053 | $929 |
| Amounts attributable to common shareowners: | ||||
| Continuing operations | $564 | $270 | $1,156 | $970 |
| Discontinued operations | (117) | 87 | 1,897 | (41) |
| Net earnings (loss) attributable to common shareowners | $447 | $357 | $3,053 | $929 |
| Earnings per share | ||||
| Basic: | ||||
| Continuing operations | $0.63 | $0.32 | $1.28 | $1.16 |
| Discontinued operations | (0.13) | 0.11 | 2.11 | (0.05) |
| Net earnings (loss) | $0.50 | $0.43 | $3.39 | $1.11 |
| Diluted: | ||||
| Continuing operations | $0.62 | $0.32 | $1.26 | $1.14 |
| Discontinued operations | (0.13) | 0.10 | 2.08 | (0.05) |
| Net earnings (loss) | $0.49 | $0.42 | $3.34 | $1.09 |
| Weighted-average number of shares outstanding | ||||
| Basic | 901.2 | 838.7 | 900.9 | 836.6 |
| Diluted | 915.0 | 854.7 | 914.4 | 852.7 |
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