Carrier Global Corporation
Carrier Global Increases Stock Repurchase Authorization and Announces Q3 2024 Results
Summary
On October 24, 2024, Carrier Global Corporation announced its third quarter 2024 financial results and revealed a $3 billion increase to its stock repurchase authorization, raising the total to approximately $4.7 billion. The company also issued a press release regarding its preliminary net cash flow and free cash flow results for the quarter.
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About Carrier Global Corporation
Carrier Global Corporation is a leading provider of heating, ventilating, and air conditioning (HVAC), refrigeration, and fire and security solutions on a global scale. Its primary function revolves around creating a comfortable, safe, and sustainable environment by delivering high-technology HVAC and refrigeration solutions. Originating from the historic invention of the modern air conditioner in 1902, Carrier has continued to be at the forefront of HVAC innovation. The company’s offerings are vital across various sectors, impacting residential, commercial, industrial, and transportation markets by ensuring energy-efficient, reliable climate control systems. Carrier Global Corporation also emphasizes smart and hands-off security solutions, offering products that integrate advanced technologies to protect businesses and homes. In the financial market, Carrier holds a significant position as a part of the S&P 500 index, denoting its substantial market capitalization and influence. Through its continuous commitment to innovation and sustainability, Carrier Global Corporation remains a pivotal entity in addressing global environmental challenges and energy efficiency needs.
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