Carrier Global expects strong 2023 as demand for cooling systems rises
(Reuters) - Air conditioner maker Carrier Global on Thursday raised its full-year adjusted profit forecast, helped by robust demand for its heat pumps, refrigerators, and aftermarket repair services.
Global warming and rising levels of air pollution have pushed up demand for air conditioners and purifiers, helping the Florida-based company drive its top-line growth.
The company reported an adjusted profit of 89 cents per share for the third quarter ended Sept. 30, beating LSEG estimates of a 79 cents profit, and sending its shares up nearly 3% in morning trade.
Carrier has also benefited from increasing demand for refrigeration products made for medical, food and beverages markets.
The company now expects a full-year adjusted profit of $2.70 per share, higher than previous forecast of a $2.55 to $2.65 per share profit.
(Reporting by Kannaki Deka in Bengaluru; Editing by Shinjini Ganguli)
