Carrier Global Corporation's Recent Developments and Financial Performance

Carrier Global Corporation’s Recent Developments and Financial Performance

First Quarter 2026 Financial Results

Carrier Global Corporation, a leader in intelligent climate and energy solutions, reported its first-quarter 2026 financial results on April 30, 2026. The company achieved a 2% increase in net sales, reaching $5.341 billion. Notably, data center orders surged by over 500%, with the backlog fully covering expected 2026 data center sales. Commercial HVAC orders, excluding NORESCO, rose by 35%. Despite these gains, organic sales experienced a slight decline of 1%. The company reported a GAAP EPS of $0.28 and an adjusted EPS of $0.57. Carrier also returned approximately $500 million to shareholders through dividends and repurchases during this period. The company reaffirmed its full-year outlook, expressing confidence in achieving its sixth consecutive year of double-digit growth in the Commercial HVAC segment. Source: Carrier Reports First Quarter 2026 Results

Fourth Quarter and Full Year 2025 Financial Performance

In the fourth quarter of 2025, Carrier reported a 6% decrease in net sales, with organic sales down 9%. The GAAP EPS from continuing operations stood at $0.03, while the adjusted EPS was $0.34. Net cash flows from operating activities were $1.040 billion, and free cash flow was $909 million. For the full year 2025, the company achieved sales of $21.75 billion, a 3% decrease compared to 2024, with organic sales down 1%. Despite these declines, the global commercial HVAC and aftermarket segments experienced double-digit growth. Carrier returned approximately $3.7 billion to shareholders, including $0.8 billion in dividends and $2.9 billion in share repurchases. Source: Carrier Reports 2025 Results and Announces 2026 Outlook

Strategic Investments and Divestitures

Carrier has been actively reshaping its portfolio to focus on core areas. In October 2025, Carrier Ventures invested in Net Feasa, a company specializing in wireless IoT connectivity and vessel network technology. This strategic investment aims to enhance real-time cold chain visibility at sea, ensuring that containers remain visible and secure throughout their journey. Source: Carrier Ventures Invests in Net Feasa to Deliver Real-time Cold Chain Visibility at Sea

Additionally, in August 2024, Carrier announced an agreement to sell its Commercial and Residential Fire business to an affiliate of Lone Star Funds for $3 billion. This divestiture is part of Carrier’s transformation into a more focused and agile company dedicated to intelligent climate and energy solutions. Source: Carrier Announces Agreement to Sell Commercial and Residential Fire Business to an Affiliate of Lone Star Funds for $3 Billion

Stock Performance

As of July 6, 2026, Carrier’s stock (NYSE: CARR) was trading at $70.10, reflecting a slight decrease of 0.71% from the previous close. The stock’s performance is influenced by the company’s strategic initiatives, financial results, and broader market conditions.

Conclusion

Carrier Global Corporation continues to navigate the HVAC, refrigeration, and fire & security sectors through strategic investments and divestitures. The company’s focus on enhancing its core business areas and delivering value to shareholders positions it for sustained growth in the evolving market landscape.