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Carrier Carrier Reports First Quarter 2021 Results Raises Full - Year Outlook for Sales , Adjusted EPS and Free Cash Flow . Sales of $ 4.7 billion , up 21 % compared to 2020 including 17 % organic growth • GAAP EPS of $ 0.43 and adjusted EPS of $ 0.48 • Net cash flow from operating activities of $ 184 million and free cash flow of $ 131 million • Exhibit 99 • Increases full - year 2021 sales growth outlook to 7 % to 10 % , 5 % to 8 % organic Increases full - year 2021 adjusted EPS range to $ 1.95 to $ 2.05 , and free cash flow of about $ 1.7 billion * PALM BEACH GARDENS , Fla . , April 29 , 2021 Carrier Global Corporation ( NYSE : CARR ) today reported financial results for the first quarter of 2021 and updated its full year outlook . Carrier is the leading global provider of healthy , safe and sustainable building and cold chain solutions . " Carrier delivered strong first quarter results as all three segments contributed to our 21 % year - over - year sales growth . We exceeded our expectations through continued strength in North American residential HVAC and improving order trends across the rest of the portfolio . I'm also pleased with the strong margin expansion and free cash flow performance in the quarter . We remain focused on executing our strategic growth initiatives and advancing on our Carrier 700 cost containment actions , " said Carrier Chairman & CEO Dave Gitlin . " We continue to lead the industry through innovation . I am especially excited about the launch of Abound , a cloud - native platform designed to give people confidence in the health and safety of their indoor spaces . We also look forward to closing on our acquisition of Guangdong Giwee Group and its 1