Earnings ·
Carrier reports Q3 adjusted EPS of $0.87 and raises full-year sales guidance to nearly $24B
CARRCARRIER GLOBAL Corp
Carrier Global reported third-quarter net sales of $6.3 billion, a 12% increase year-over-year, with organic sales up 15%. Adjusted earnings per share were $0.87, compared to $0.67 in the prior year period. The company recorded a non-cash goodwill impairment charge of $3.1 billion related to its Climate Solutions Europe reporting unit, resulting in a GAAP net loss attributable to common shareholders of $2.6 billion. Orders surged approximately 35% overall, driven by a roughly 300% increase in data center demand, pushing the backlog to a record $8.5 billion. Management raised full-year 2026 sales guidance to nearly $24 billion with organic growth of approximately 10%, while maintaining adjusted EPS expectations between $2.85 and $2.90. Carrier operates as a global leader in intelligent climate and energy solutions.