Publishing date: Feb 26, 2021 • February 26, 2021 • 4 minute read •
Article content
(Bloomberg) In the face of surging copper prices, Carrier Global Corp. has a plan to contain costs: It’s hedging raw materials costs and then charging customers more for its heating, ventilation and air conditioning systems.
The Florida-based company’s strategy symbolizes the conundrum facing manufacturers as prices for commodities spike. With a path out of the pandemic in sight, corporate executives, economists and investors betting on a strong recovery face an acid test as producers try to shift the higher costs to consumers.
We apologize, but this video has failed to load.
Author Bio
Industrial sector focus. I write about electrical equipment, transportation, and multi-industry industrial stocks. Engineer, investment manager and property developer. I m a firm believer that there is something noble about the industrial sector. Blue collar workers physically making a better world. Follow me on Twitter to receive quick and thorough analysis of your favorite stocks.
Follow @LeeSamaha
The market reacted badly to heating, ventilation, and air conditioning (HVAC) company
Carrier Global s (NYSE:CARR) recently released fourth-quarter earnings report. The market can be wrong, though. It s never great news when a company misses analyst earnings estimates, and it s even worse when it guides toward year-ahead earnings that disappoint compared to the analyst consensus. However, the details are important: The reasons behind these events are actually positives for the company, and investors should warm to them. Here s the lowdown.
Rockwell Automation Names Nicholas Gangestad As New CFO
WASHINGTON (dpa-AFX) - Rockwell Automation, Inc. (ROK) announced Tuesday that Nicholas Gangestad will join the company as senior vice president and chief financial officer on March 1. He will report to Rockwell Chairman and CEO Blake Moret.
Gangestad joins Rockwell after a long career with 3M, where he most recently served as the company s chief financial officer and oversaw all aspects of the financial organization including compliance, financial planning, treasury, and tax.
Before his promotion to CFO in 2014, Gangestad served as 3M s chief accounting officer, corporate controller, and also held global financial management roles overseeing teams and developing talent in Canada, Latin America, and Asia Pacific.
Carrier to Present at Baird s 2021 Sustainability Conference
News provided by
Share this article
Share this article
PALM BEACH GARDENS, Fla., Feb. 16, 2021 /PRNewswire/ Carrier Global Corporation (NYSE:CARR) President & Chief Executive Officer Dave Gitlin and Senior Vice President & Chief Financial Officer Patrick Goris will speak at Baird s 2021 Sustainability Conference on Tuesday, Feb. 23, 2021 at 8:50 a.m. EST.
The event will be broadcast live at ir.carrier.com. A webcast replay will be available on the website following the event.
About Carrier
As the leading global provider of healthy, safe and sustainable building and cold chain solutions, Carrier Global Corporation is committed to making the world safer, sustainable and more comfortable for generations to come. From the beginning, we ve led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of e