Carrier reports first quarter 2022 results

Net sales down 1% versus 2021 driven by the chubb divestiture; organic sales up 10% gaap eps of $1.58 and adjusted eps of $0.54 operating margin up over 2,500 basis points due to the gain on the sale of chubb; adjusted operating margin expansion of 110 basis points price/cost neutral net cash outflows from operating activities were $202 million and free cash flow usage was $258 million reaffirming full-year 2022 outlook for sales, adjusted operating margin, adjusted eps and free cash flow* palm beach gardens, fla., april 28, 2022 /prnewswire/ -- carrier global corporation (nyse:carr), leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, today reported financial results for the first quarter of 2022 and reiterated its full year outlook.
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