{"id":1968,"date":"2026-07-28T21:41:21","date_gmt":"2026-07-28T21:41:21","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=1968"},"modified":"2026-07-28T21:41:21","modified_gmt":"2026-07-28T21:41:21","slug":"50-billion-florida-heating-company-reveals-subsidiary-served-an-iranian-embassy","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=1968","title":{"rendered":"$50 Billion Florida Heating Company Reveals Subsidiary Served An Iranian Embassy"},"content":{"rendered":"<div>\n<h2>Big Number<\/h2>\n<p>$52.4 billion. That is Carrier Global\u2019s market capitalization as of Tuesday. <\/p>\n<h2>Tangent<\/h2>\n<p>Carrier reported $6.4 billion in sales in its latest quarter alongside adjusted earnings per share of $0.86, a 7% decline year-over-year. The company also reported a 40% increase in orders, with commercial HVAC orders jumping 65%.<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=1964\">Fauci Testifies Tomorrow: Here\u2019s What We Learned From His Diaries<\/a><\/p>\n<h2>Key Background<\/h2>\n<p>Carrier completed its acquisition of Viessmann right after the start of the new year in 2024, securing the company for roughly 12 billion euros, or about $12.9 billion. The agreement was one of the largest industrial deals in recent European history. The Viessmann deal brought a sprawling network of European distributors and service contracts under Carrier\u2019s ownership, all of which predated the acquisition and resulted in the Iranian embassy transactions. The services provided by the subsidiary had to be disclosed under the Securities Exchange Act, which mandates that companies report any transactions with sanctioned entities regardless of dollar size.<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=1963\">Trump Admits He \u2018Shouldn\u2019t Have\u2019 Shared Lindsey Graham\u2019s Phone Number<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The $1,600 transaction is virtually immaterial but might be reputationally awkward for a company still digesting its largest-ever acquisition.<\/p>\n","protected":false},"author":1,"featured_media":1967,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>$50 Billion Florida Heating Company Reveals Subsidiary Served An Iranian Embassy - 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