Carrier Global Corporation (NYSE:CARR) Q3 2024 Earnings Conference Call October 24, 2024 7:30 AM ET
Company Participants
Samuel Pearlstein - Vice President of Investor Relations, CFO of Fire & Security segment
David Gitlin - Chairman & Chief Executive Officer
Patrick Goris - Senior Vice President & Chief Financial Officer
Conference Call Participants
Jeffrey Sprague - Vertical Research Partners
Julian Mitchell - Barclays
Andrew Kaplowitz - Citigroup
Nigel Coe - Wolfe Research
Deane Dray - RBC Capial Markets
Joe Ritchie - Goldman Sachs
Stephen Tusa - JPMorgan
Noah Kaye - Oppenheimer
Andrew Obin - BofA Securities
Chris Snyder - Morgan Stanley
Operator
Good morning, and welcome to Carrier's Third Quarter 2024 Earnings Conference Call. I would like to introduce your host for today's conference, Sam Pearlstein, Vice President of Investor Relations and CFO of the Fire & Security segment. Please go ahead, sir.
Samuel Pearlstein
Thank you, and good morning, and welcome to Carrier's third quarter 2024 earnings conference call. With me here today are David Gitlin, Chairman and Chief Executive Officer; and Patrick Goris, Chief Financial Officer.
We will be discussing certain non-GAAP measures on this call, which management believes are relevant in assessing the financial performance of the business. These non-GAAP measures are reconciled to GAAP figures in our earnings presentation, which is available to download from Carrier's website at ir.carrier.com.
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.
Before turning the call over to Dave, please turn to Page 3. And with the commercial and residential fire businesses qualifying as held-for-sale during the third quarter, the Fire & Security segment in aggregate, met the criteria to be presented as discontinued operations. Historical sales margins and earnings per share are in the appendix on Page 27 and 28 to help for comparisons to help you interpret the results, continuing operations include the HVAC segment, the Refrigeration segment, including commercial refrigeration and the corporate expenses and eliminations guidance now includes the corporate expenses that were previously allocated to the Fire & Security segment as well as the controls business that was part of the Fire & Security segment.
Results discussed on this call will be continuing operations only with the exception of preliminary free cash flow unless stated otherwise. Once the call is open for questions, we ask that you limit yourself to one question and one follow-up.