Carrier Global Corporation (CARR) CEO David Gitlin on Q2 2022 Results - Earnings Call Transcript

Carrier Global Corporation (NYSE:CARR) Q2 2022 Earnings Conference Call July 28, 2022 7:30 AM ET

Company Participants

Sam Pearlstein - Vice President, Investor Relations

David Gitlin - Chairman & Chief Executive Officer

Patrick Goris - Chief Financial Officer

Conference Call Participants

Joe Ritchie - Goldman Sachs

Julian Mitchell - Barclays

Nigel Coe - Wolfe Research

Tommy Moll - Stephens

Deane Dray - RBC

Gautam Khanna - Cowen

Steve Tusa - JPMorgan

Andrew Obin - Bank of America

John Walsh - Credit Suisse

Vlad Bystricky - Citigroup

Operator

Good morning, and welcome to Carrier's Second Quarter 2022 Earnings Conference Call. This call is being carried live on the Internet, and there is a presentation available to download from Carrier's website at ir.carrier.com.

I would like to now introduce your host for today's conference, Sam Pearlstein, Vice President, Investor Relations. Please go ahead, sir.

Sam Pearlstein

Thank you, and good morning, and welcome to Carrier's second quarter 2022 earnings conference call. With me here today are David Gitlin, Chairman and Chief Executive Officer; and Patrick Goris, Chief Financial Officer.

Except as otherwise noted, the company will be speaking to results from operations, excluding restructuring costs and other significant items of a non-recurring and/or non-operational nature, often referred to by management as other significant items.

The company reminds listeners that the sales, earnings and cash flow expectations and any other forward-looking statements provided during the call are subject to risks and uncertainties.

Carrier's SEC filings, including Forms 10-K, 10-Q and 8-K, provide details on important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements.

Once the call is opened up for questions, we ask that you limit yourself to one question and one follow-up to give everyone the opportunity to participate.

With that, I'd like to turn the call over to our Chairman and CEO, Dave Gitlin.

David Gitlin

Thank you, Sam, and good morning, everyone. I'd like to start by saying how proud I am of the Carrier’s team ability to deliver strong results amidst the current backdrop of inflation, continued supply chain challenges and COVID lockdowns overseas. Our team's hard work, fueled by our high-performance culture, resulted in another quarter of solid organic sales and adjusted operating profit growth, capping a strong first half and enabling us to raise our full year adjusted EPS guidance.