OverviewSuggest Edit

Carrier is a provider of heating, air-conditioning, refrigeration, and security, and other building automation solutions. It operates through three segments: Heating, Ventilation, Air Conditioning (HVAC), Refrigeration, and Fire and Security. The HVAC segment provides air conditioners, heating systems, controls, and aftermarket components for residential and commercial customers. The Refrigeration segment offers transport refrigeration products and services, including refrigeration and monitoring systems for trucks, trailers, shipping containers, intermodal, and rail. The Fire and Security segment provides various residential and building systems, including fire, flame, gas, smoke, and carbon monoxide detection, portable fire extinguishers, fire suppression systems, intruder alarms, access control systems, and video management systems. The company offers its products under Autronica, Chubb, Det-Tronics, Edwards, Fireye, GST, Interlogix, Kidde, LenelS2, Marioff, Onity, Supra, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, Riello, and other brands.

TypePublic
Founded1902
HQPalm Beach Gardens, FL, US
Websitecarrier.com
Employee Ratings3
Overall CultureD

Latest Updates

Employees (est.) (Dec 2020)56,000(+7%)
Job Openings1,293
Revenue (FY, 2020)$17.5 B(-6%)
Share Price (Sept 2021)$56.7
Cybersecurity ratingBMore

Key People/Management at Carrier

David Gitlin

David Gitlin

Chairman & Chief Executive Officer
David Appel

David Appel

President, Refrigeration
Chris Nelson

Chris Nelson

President, HVAC
Beth A. Wozniak

Beth A. Wozniak

Board of Directors Member
Ajay Agrawal

Ajay Agrawal

Senior Vice President, Global Services and Healthy Buildings
Eva Azoulay

Eva Azoulay

SVP Carrier Business Services and Transformation
Show more

Carrier Office Locations

Carrier has offices in Palm Beach Gardens, Calgary, Hamilton, Mississauga and in 17 other locations
Palm Beach Gardens, FL, US (HQ)
13995 Pasteur Blvd
Calgary, CA
1470 28 St NE Unit 7 and 8
Hamilton, CA
1040 S Service Rd Unit #103, Stoney Creek
Mississauga, CA
2740 Matheson Blvd E
Montréal, CA
627 Rue McCaffrey, Saint-Laurent
Beijing, CN
Beijing
Show all (22)

Carrier Financials and Metrics

Carrier Revenue

Carrier's revenue was reported to be $17.46 b in FY, 2020
USD

Revenue (FY, 2020)

17.5b

Net income (FY, 2020)

2.0b

EBIT (FY, 2020)

3.1b

Market capitalization (8-Sept-2021)

48.8b

Closing stock price (8-Sept-2021)

56.7

Cash (31-Dec-2020)

3.1b

EV

56.5b
Carrier's current market capitalization is $48.8 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

17.8b18.9b18.6b17.5b

Revenue growth, %

6%(2%)

Cost of goods sold

12.6b13.3b13.2b

Gross profit

5.2b5.6b5.4b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

4.3b5.0b4.8b3.9b4.0b5.0b

Cost of goods sold

3.1b3.5b3.4b2.8b2.8b3.4b

Gross profit

1.2b1.5b1.4b1.1b1.1b1.6b

Gross profit Margin, %

28%30%30%29%29%31%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

1.1b952.0m3.1b

Accounts Receivable

2.7b2.7b2.8b

Inventories

1.4b1.3b1.6b

Current Assets

6.1b6.0b8.5b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020

Cash

768.0m2.7b3.8b

Accounts Receivable

2.7b2.7b2.9b

Inventories

1.6b1.6b1.6b

Current Assets

6.0b8.1b9.3b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

2.8b2.2b2.0b

Depreciation and Amortization

357.0m335.0m336.0m

Inventories

(151.0m)(2.0m)(240.0m)

Accounts Payable

88.0m(311.0m)237.0m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020

Net Income

102.0m269.0m748.0m

Depreciation and Amortization

81.0m159.0m241.0m

Inventories

(264.0m)(325.0m)(237.0m)

Accounts Payable

(24.0m)152.0m529.0m
USDFY, 2017

Revenue/Employee

323.9k
Show all financial metrics

Carrier Operating Metrics

FY, 2018FY, 2019

New Products

200

Patents and Patent Applications

7 k

Remaining Performance Obligations

$5.3 b$4.7 b

Twelve-Month Remaining Performance Obligations

$3.01 b
Show all operating metrics

Carrier Acquisitions / Subsidiaries

Company NameDateDeal Size
Chubb Group Ltd.
Chubb Ltd.
Goodrich Aftermarket Services Ltd.
Goodrich Inertial Ltd.
Jada Holdings BV
Sebec Holdings Corporation
Silver Lake Holdings S.a.r.l.
United Technologies Far East Ltd.
UTC Fire & Security Luxembourg S.a.r.l.

Carrier Revenue Breakdown

Embed Graph

Carrier revenue breakdown by business segment: 51.1% from HVAC, 20.0% from Refrigeration and 28.9% from Fire & Security

Human Capital Metrics

Embed Graph
Show all human capital metrics

Carrier Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Carrier Online and Social Media Presence

Embed Graph

Carrier Company Culture

  • Overall Culture

    D

    56/100

  • CEO Rating

    F

    43/100

  • Compensation

    C-

    60/100

  • Diversity

    C-

    61/100

Learn more on Comparably

Carrier News and Updates

Carrier Introduces Infinity Return Air Purifier to Help Inactivate Coronavirus in Filtered Air

Today’s tightly constructed, energy-efficient homes have one disadvantage – it can be difficult for airborne pollutants to escape. In order to address this, Carrier recently launched the Infinity® return air purifier, its latest indoor air quality solution designed to help create a healthier home. I…

Hawthorns Logistics’ Refrigerated Fleet Now 100% Carrier-cooled with Delivery of Carrier Transicold Vector HE 19 Units

Washington-based distribution company, Hawthorns Logistics, has taken delivery of its first ever Carrier Transicold Vector® HE 19 units, adding 10 multi-temperature and 10 single-temperature versions to its refrigerated trailer fleet, which is now 100% Carrier-cooled. Carrier Transicold is a part of…

2021 ESG Report: Think Bigger and Be Better

At Carrier, we have the technology and talent to address some of the world’s greatest challenges as we track to our Environmental, Social & Governance (ESG) goals set for 2030.

Carrier Reduces its Customers' Carbon Footprint by 68 Million Metric Tons in 2020

Carrier Global Corporation (NYSE: CARR), the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, has reduced its customers' carbon footprint by 68 million metric tons in 2020, which is equal to the energy use of more than 8 million U.S. homes in o…

Carrier Reports Second Quarter 2021 Results

Carrier Global Corporation (NYSE: CARR) today reported financial results for the second quarter of 2021 and updated its full year outlook. Carrier is the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions.

Carrier's Board Approves $1.75 Billion Share Repurchase Authorization

On July 27, 2021, Carrier Global Corporation's (NYSE:CARR) Board of Directors approved a $1.75 billion stock repurchase authorization. Share repurchases may take place from time to time, subject to among other things, market conditions, share price, compliance with securities laws and regulatory re…
Show more

Carrier Frequently Asked Questions

  • When was Carrier founded?

    Carrier was founded in 1902.

  • Who are Carrier key executives?

    Carrier's key executives are David Gitlin, David Appel and Chris Nelson.

  • How many employees does Carrier have?

    Carrier has 56,000 employees.

  • What is Carrier revenue?

    Latest Carrier annual revenue is $17.5 b.

  • What is Carrier revenue per employee?

    Latest Carrier revenue per employee is $311.7 k.

  • Who are Carrier competitors?

    Competitors of Carrier include Lennox International, Johnson Controls and Trane Technologies.

  • Where is Carrier headquarters?

    Carrier headquarters is located at 13995 Pasteur Blvd, Palm Beach Gardens.

  • Where are Carrier offices?

    Carrier has offices in Palm Beach Gardens, Calgary, Hamilton, Mississauga and in 17 other locations.

  • How many offices does Carrier have?

    Carrier has 22 offices.