Carrier Global (CARR) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased significantly compared to both the prior quarter and the same quarter last year. The company's performance reflects strong demand across its climate and energy solutions portfolio.
Key takeaway
Quarter ended Dec 31, 2023 · FY2024 FY
Revenue for the quarter increased significantly compared to both the prior quarter and the same quarter last year. The company's performance reflects strong demand across its climate and energy solutions portfolio.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.3B
Revenue reported for this quarter.
Quarter-over-quarter
+28.1%
Change from the immediately preceding quarter.
Year-over-year
+118.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$19B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2023 | $4.5B | -2.9% |
| Jun 30, 2023 | $6.7B | +29.5% |
| Sep 30, 2023 | $3.4B | -38.2% |
| Dec 31, 2023 | $4.3B | +118.9% |
Revenue performance
Reported revenue rose sharply from the preceding quarter, continuing a pattern of quarterly variability. The year-over-year comparison also showed a substantial increase.
Quarterly comparison
Compared to the immediately preceding quarter, revenue improved markedly. When measured against the same quarter one year earlier, the revenue level was also notably higher.
What to watch
Monitor the sustainability of this revenue growth given the historical quarterly fluctuations.