Carrier Global Corporation

NYSE-CARR

Overview Financials Investor Relations Estimates Ownership Industry Dividends Modeling Filings

Dec '17

Dec '18

Dec '19

Dec '20

Dec '21

Dec '22

Dec '23

LTM

Dec '24 (E)

Dec '25 (E)

Dec '26 (E)

Income Statement	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Total Revenues			18,608	17,456	20,613	20,421	22,098	23,704
Total Revenues % Chg.	—		-1.6%	-6.2%	18.1%	-0.9%	8.2%	8.6%
Cost of Goods Sold, Total			13,153	12,327	14,605	14,948	15,697	16,837
Gross Profit			5,455	5,129	6,008	5,473	6,401	6,867
Selling General & Admin Expenses, Total			2,517	2,590	2,979	2,465	3,139	3,573
R&D Expenses			401	419	503	539	617	738
Other Operating Expenses			-106	45	-42	-52	376	407
Other Operating Expenses, Total			2,812	3,054	3,440	2,952	4,132	4,718
Operating Income			2,643	2,075	2,568	2,521	2,269	2,149
Interest Expense, Total			—	-288	-306	-302	-362	-562
Interest And Investment Income			27	—	—	83	151	133
Net Interest Expenses			27	-288	-306	-219	-211	-429
Income (Loss) On Equity Invest.			236	207	249	262	211	236
EBT, Excl. Unusual Items			2,906	1,994	2,511	2,564	2,269	1,956
Restructuring Charges			-126	-49	-89	-31	-97	-118
Merger & Related Restructuring Charges	—	—	—	—	—	-29	-80	-97
Gain (Loss) On Sale Of Investments		—	-108	1,051	-2	705	-8	-8
Gain (Loss) On Sale Of Assets	—		—	—	—	1,105	—	2,900
Legal Settlements	—	—	—	—	—	-22	—	—
Other Unusual Items	—	—	—	-141	-20	—	—	379
EBT, Incl. Unusual Items			2,672	2,855	2,400	4,292	2,084	5,012
Income Tax Expense			517	849	699	708	644	1,534
Earnings From Continuing Operations			2,155	2,006	1,701	3,584	1,440	3,478
Minority Interest			-39	-24	-37	-50	-91	-95
Net Income			2,116	1,982	1,664	3,534	1,349	3,383
Net Income to Common Incl Extra Items			2,116	1,982	1,664	3,534	1,349	3,383
Net Income to Common Excl. Extra Items			2,116	1,982	1,664	3,534	1,349	3,383
Total Shares Outstanding	—		866.2	867.8	862.7	834.4	839.9	902.7
Weighted Avg. Shares Outstanding	—		866.2	866.5	867.7	843.4	837.3	869.7
Weighted Avg. Shares Outstanding Dil	—		866.2	880.2	890.3	861.2	853	884.1
EPS	—		2.4	2.3	1.9	4.2	1.6	3.9
EPS Diluted	—		2.4	2.3	1.9	4.1	1.6	3.8
EBITDA			2,978	2,411	2,906	2,901	2,811	3,043
Effective Tax Rate			19.3%	29.7%	29.1%	16.5%	30.9%	30.6%