Stock Analysis on Net
Stock Analysis on Net

Carrier Global Corp. (NYSE:CARR)

This company has been moved to the archive! The financial data has not been updated since April 26, 2023.

Common-Size Income Statement
Quarterly Data

Carrier Global Corp., common-size consolidated income statement (quarterly data)

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3 months ended: Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Product sales 88.87 88.68 89.73 89.46 89.60 82.91 84.44 84.26 82.23 81.24 83.83 82.45 80.94
Service sales 11.13 11.32 10.27 10.54 10.40 17.09 15.56 15.74 17.77 18.76 16.17 17.55 19.06
Net sales 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of products sold -65.58 -66.74 -65.47 -64.54 -64.42 -61.74 -59.39 -59.47 -57.97 -59.23 -57.66 -58.99 -57.54
Cost of services sold -8.29 -8.83 -7.43 -7.70 -7.80 -11.65 -10.63 -10.77 -12.36 -12.80 -11.14 -12.29 -13.61
Cost of products and services sold -73.87% -75.57% -72.90% -72.23% -72.22% -73.39% -70.02% -70.24% -70.33% -72.03% -68.79% -71.27% -71.14%
Gross margin 26.13% 24.43% 27.10% 27.77% 27.78% 26.61% 29.98% 29.76% 29.67% 27.97% 31.21% 28.73% 28.86%
Research and development -2.64 -2.92 -2.62 -2.34 -2.69 -2.61 -2.30 -2.30 -2.58 -2.76 -2.00 -2.37 -2.52
Selling, general and administrative -13.67 -13.18 -11.45 -11.78 -12.91 -15.90 -14.00 -14.94 -15.81 -17.63 -13.61 -16.04 -17.80
Equity method investment net earnings 0.83 0.78 1.16 1.94 1.25 0.94 1.42 1.60 0.81 1.28 1.24 1.44 0.75
Other income (expense), net -0.13 -0.63 13.81 0.13 23.89 -0.02 0.41 0.28 0.06 18.24 4.78 -0.63 -1.18
Operating profit 10.53% 8.48% 27.99% 15.72% 37.32% 9.02% 15.50% 14.39% 12.15% 27.10% 21.61% 11.13% 8.10%
Non-service pension benefit (expense) 0.00 -0.04 0.00 -0.02 -0.02 0.19 0.26 0.35 0.38 0.28 0.32 0.35 0.44
Interest income (expense), net -0.87 -1.06 -1.03 -1.17 -1.03 -1.32 -1.39 -1.31 -1.98 -1.78 -1.76 -2.04 -0.95
Income from operations before income taxes 9.65% 7.38% 26.97% 14.53% 36.27% 7.89% 14.38% 13.44% 10.56% 25.60% 20.17% 9.44% 7.59%
Income tax expense -2.31 -1.94 -2.53 -3.26 -6.47 -1.42 -5.39 -4.30 -2.21 -6.29 -5.22 -2.67 -4.96
Net income from operations 7.34% 5.45% 24.44% 11.26% 29.80% 6.47% 8.99% 9.14% 8.34% 19.31% 14.95% 6.77% 2.62%
Non-controlling interest in subsidiaries’ earnings from operations -0.27 -0.16 -0.37 -0.27 -0.17 -0.16 -0.21 -0.18 -0.17 -0.07 -0.14 -0.20 -0.15
Net income attributable to common shareowners 7.07% 5.29% 24.07% 11.00% 29.63% 6.31% 8.78% 8.95% 8.17% 19.24% 14.81% 6.57% 2.47%

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Income statement item Description The company
Operating profit The net result for the period of deducting operating expenses from operating revenues. Carrier Global Corp. operating profit as a percentage of net sales decreased from Q3 2022 to Q4 2022 but then slightly increased from Q4 2022 to Q1 2023.
Income from operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Carrier Global Corp. income from operations before income taxes as a percentage of net sales decreased from Q3 2022 to Q4 2022 but then slightly increased from Q4 2022 to Q1 2023.
Net income attributable to common shareowners The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Carrier Global Corp. net income attributable to common shareowners as a percentage of net sales decreased from Q3 2022 to Q4 2022 but then slightly increased from Q4 2022 to Q1 2023.