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Carrier announces an 18% increase in revenue to $20.6 billion
Carrier Airconditioning and Refrigeration Limited
Created at 08 Feb 2022 05:30

USA: Carrier announced $20.6 billion in revenues for 2021, up 18% from 2020 and increased 15% organically.

Strong demand was recorded across all companies, particularly HVAC and transport refrigeration.

Although GAAP operating profit declined 14% to $2.6 billion, adjusted operating profit climbed 26% to $2.8 billion.

Mr. Gitlin expressed his satisfaction with the strategic progress made in 2021, which included the launch of Abound and Lynx, Carrier's worldwide digital platforms for buildings and cold chain solutions. “With a record backlog in 2022, we will aim to maintain our excellent pace. With the sale of Chubb and the imminent purchase of Toshiba Carrier Corporation, we are thrilled to be improving our portfolio,” he added.

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