Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

UTC/Carrier HVAC Business Profit 13.6%
Apr 23, 2013
 Printable format
 Email this Article
 Search

United Technologies Corp. reported first quarter 2013 net income attributable to common shareowners of $1.3 billion, up 7% from the same quarter a year earlier.

UTC includes global HVAC producer Carrier, which is part of the UTC Climate, Controls & Security business segment. UTC Climate, Controls & Security equipment 1Q orders increased 5% organically.

UTC 1Q 2013 sales were $14.4 billion, up 16% from 1Q 2012, growth that was driven by acquisitions. Organic sales were down 2% from the year-ago quarter. UTC's 1Q segment operating profit was up 14% from 1Q 2012.

UTC said that, after adjusted for restructuring costs and one-time items, operating profit grew 15%.

UTC Climate, Controls & Security, results for the quarter ending March 31, 2013:
* net sales were $3,837 million, from $4,112 million in 1Q 2012
* operating profit was $520 million, from $544 million in 1Q 2012
* segment operating profit was 13.6%, compared to 13.2% in 1Q 2012

Climate, Controls & Security saw a net gain of approximately $38 million from its ongoing portfolio transformation, primarily due to a gain on the sale of a business in Hong Kong.

UTC Climate, Controls & Security in 2012 had 61,272 employees, a net of $17.1 billion, and operating profit of $2.4 billion.

Back to Daily News

 

Daily News

...........................................................

Sep 4, 2014: IFA Show: Panasonic Washer Uses Sensor System to automatically Adjust Washing Cycle

Sep 3, 2014: h.h. gregg Ranked Highest In Appliance Customer Satisfaction

Sep 3, 2014: Helen of Troy Updates Fiscal Year Outlook

Sep 3, 2014: Engineers Won't Need An Extra 30 Hours to Get A PE

Sep 3, 2014: Gome Electrical Appliances 6-Month Sales Come to $4.74 Billion

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows