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

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

Jul 25, 2014: Weekly Raw Steel Production Nearly Flat from 2013

Jul 25, 2014: Foran Named CEO of Walmart U.S.

Jul 24, 2014: Remodeling Spending to Be Slower, But Still Strong, in Early 2015

Jul 23, 2014: Whirlpool North America Reports Record Operating Profits

Jul 23, 2014: Japan Destroyed 3.6 Million KG Fluorocarbons from Commercial Refrigerators and AC

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows