Recent Updates — CARR
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.
Carrier Global Corporation reported second quarter 2026 financial results, announcing total net sales of $6.35 billion, a 4% increase year-over-year, with organic sales up 3%. GAAP diluted earnings per share from continuing operations were $0.60, while adjusted EPS was $0.86. The company generated $927 million in net cash flows from operating activities and $810 million in free cash flow. Management raised its full-year 2026 outlook, now expecting sales of approximately $23 billion, adjusted operating profit of roughly $3.5 billion, and adjusted EPS of about $2.90. The filing also notes the completion of the Riello divestiture on July 1, 2026, and the announced exit of NORESCO. Carrier Global Corporation operates in the building technologies and climate solutions industry, providing heating, ventilation, air conditioning, and security systems.
Carrier Global Corporation appointed Neil Barua, the President and CEO of PTC Inc., to its Board of Directors, effective July 24, 2026. He will serve on the Board's Technology and Innovation and Compensation Committees. Carrier Global Corporation is a global leader in intelligent climate and energy solutions provider of temperature control, and air quality solutions.
Carrier Global Corporation announced its first quarter 2026 financial results through a press release issued on April 30, 2026. The company's earnings report is provided as an exhibit to this filing.
Carrier Global Corporation announced its fourth quarter 2025 financial results via a press release issued on February 5, 2026. The filing serves to report the company's results of operations and financial condition for the period.