Carrier Sees 2024 Adj. Operating Margin ~15.5%; Lowers Sales Guidance From ~$26.5B To ~$26B vs $26.22B Est., Reaffirms Adj. EPS Guidance $2.80-$2.90 vs $2.84 Est.
Portfolio Pulse from Benzinga Newsdesk
Carrier updated its financial outlook, projecting a 2024 adjusted operating margin of approximately 15.5%. The company has lowered its sales guidance from around $26.5 billion to about $26 billion, compared to the estimated $26.22 billion. However, Carrier reaffirmed its adjusted EPS guidance for the year, maintaining it at $2.80-$2.90, in line with the $2.84 estimate.
April 25, 2024 | 10:36 am
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Carrier lowers its 2024 sales guidance from ~$26.5B to ~$26B, aligning closely with the $26.22B estimate, but maintains its adjusted EPS guidance at $2.80-$2.90.
The adjustment in sales guidance by Carrier is a significant update for investors, indicating a slight downturn in expected revenue. However, the reaffirmation of the adjusted EPS guidance suggests that the company is confident in maintaining profitability levels, which could mitigate negative investor sentiment. The slight reduction in sales forecast might be viewed as a cautious but not necessarily negative adjustment, reflecting current market conditions or internal efficiencies.
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IMPORTANCE 90
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