Similar companies
Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 6.69B | 8.2% |
Gross Profit | 5.46B | 9.9% |
Cost of Revenue | 1.23B | 1.1% |
Operating expense | 1.41B | 1.7% |
Net Income | 2.34B | 768.8% |
EBITDA | 3.91B | 449% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 40.4B | 0.9% |
Total Liabilities | 26.3B | 8.9% |
Total Equity | 14.1B | 18.3% |
Shares Outstanding | 902M | 0.4% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 660M | 1550% |
Cash from investing | 4.81B | 143.4% |
Cash from financing | -3.79B | 259.1% |
EPS
Financial Highlights for Carrier Global in Q2 '24
Carrier Global reported a revenue of 6.69B, which is a 8.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 5.46B, marking a 9.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.23B, a 1.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.41B, showing a -1.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 2.34B, showing a 768.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 3.91B, showing a 449% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Carrier Global with growth in revenue, gross profit, and net income.