Carrier 2Q23: Story on track

Core business operating performance is solid while we are waiting for the portfolio transformation.

This morning, CARR 0.00%↑ published their 2Q23 results, which were very solid. Organic revenue growth was up 6% year over year and adjusted operating margin was modestly down from 16.5% to 16.1%. They are seeing improvements in cost inflation which is inline with disinflationary trends we are seeing throughout the entire economy. As a result of this earnings relea…