NEW YORK — Carrier Global Corp. chairman and CEO David Gitlin rang the iconic bell at the New York Stock Exchange Tuesday to open the day’s trading and celebrate the company’s progress in transforming its portfolio in a way that strengthens its position as a provider of climate and energy solutions.
The bell-ringing took place not quite four years after Carrier became an independent, publicly traded company in April 2020, and marked the first time someone from the company has rung the NYSE bell, the origins of which are part of Carrier's history.
When the NYSE moved to its current location in 1903, the original gong was replaced with a brass bell — electronically operated and large enough to resonate throughout the trading floor. The bell was based on an earlier version patented by Robert Edwards, one of Carrier’s founders.
Carrier also announced fourth-quarter sales of $5.1 billion and calendar year 2023 sales of $22.1 billion, up 8% over 2022. The growth consisted of 3% in organic growth and 5% growth due to acquisitions and divestitures, the company said.
Gitlin expressed a positive outlook for the company for 2024.
“In addition to delivering results ahead of our projections for the year, we completed our game-changing combination with Viessmann Climate Solutions in January and reached definitive agreements to sell both our Global Access Solutions and Commercial Refrigeration businesses for close to $6 billion combined,” he said in a prepared statement. “Looking forward to 2024, our solid backlog levels and sustainability leadership position Carrier for another year of strong financial performance.”