Why This A/C Specialist Could Be the Hottest Industrial Stock
As I write, heating, ventilation, and air conditioning (HVAC) company Carrier's (NYSE: CARR) stock is up nearly 50% year to date. Still, I think there's more room to run. The recent second-quarter earnings report saw management raising full-year guidance, and there are multiple reasons the company could continue to delight investors in the future as well. Here are three of them.
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Carrier started 2021 expecting organic sales growth of 4% to 6%, free cash flow (FCF) of $1.6 billion, and adjusted earnings per share (EPS) of $1.85 to $1.95. It's a measure of the progress the company has made this year that management hiked full-year guidance to organic sales growth of 10% to 12%, FCF of $1.9 billion, and adjusted EPS of $2.10 to $2.20.
Source Fool.com
