Carrier Global (CARR) Research

Forward Estimates

EPS Estimates

Current Qtr

$0.81

$0.79$0.89

vs $0.92-11.7%

21 analysts

Next Qtr

$0.86

$0.80$0.91

vs $0.67+28.5%

21 analysts

Current Yr

$2.79

$2.68$2.88

vs $2.59+7.9%

25 analysts

Next Yr

$3.20

$2.98$3.37

vs $2.79+14.5%

24 analysts

Revenue Estimates

Current Qtr

$6.00B

$5.90B$6.18B

vs $6.11B-1.9%

19 analysts

Next Qtr

$5.84B

$5.55B$5.95B

vs $5.58B+4.6%

19 analysts

Current Yr

$22.26B

$21.97B$22.73B

vs $21.75B+2.3%

23 analysts

Next Yr

$23.37B

$22.87B$24.78B

vs $22.26B+5.0%

22 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for CARR on EDGAR.

CARR filing events and research context
Filed	Item	Context
Apr 30, 2026	mda_quarterly	Carrier Global Corporation reported net sales of $5.34 billion for the first quarter of 2026, a 2% increase year-over-year, though organic sales declined 1%. Operating profit fell 59% to $259 million, and gross margin contracted 440 basis points to 23.3%, driven by lower volumes and under-absorption. Performance was significantly hindered by a 12% volume decline in the Americas residential business and a 13% sales drop in China. These losses were partially offset by growth in Americas commercial (up 4%) and light commercial (up 9%) sectors, as well as a 38% increase in transportation container demand. Restructuring costs rose sharply to $108 million compared to $8 million in the prior year. The company is executing the sale of its Riello thermal solutions business for approximately $430 million, expected to close in the first half of 2026. Management is mitigating IEEPA and Section 232 tariff impacts through pricing actions and supply chain adjustments. Liquidity remains supported by $1.37 billion in cash and equivalents, with $306 million utilized for common stock repurchases during the period. Total debt stands at $12.16 billion, with a net debt to net capitalization ratio of 44%.
Feb 5, 2026	business	Carrier Global Corporation is a pure-play provider of intelligent climate and energy solutions, reporting 2025 net sales of $21.7 billion and operating profit of $2.2 billion. The company operates through four segments: Climate Solutions Americas, Europe, Asia Pacific, Middle East & Africa, and Climate Solutions Transportation. Its portfolio, featuring brands such as Carrier, Viessmann, and Toshiba, spans residential and commercial HVAC, cold chain logistics via Carrier Transicold, and specialized data center cooling through QuantumLeap. Approximately 52% of sales are international, with 28% derived from parts and services. Strategically, Carrier is pivoting toward digitally-enabled lifecycle solutions—utilizing platforms such as Abound and Lynx—to capture higher-margin aftermarket growth. Recent portfolio optimization includes the acquisition of Viessmann’s VCS business and the divestiture of its Fire & Security and Commercial Refrigeration units, alongside the pending sale of the Riello business. Growth is tied to secular trends in electrification, urbanization, and digitalization. Key financial risks include volatility in raw materials like copper and aluminum, HVAC seasonality, and the cost of complying with fragmented global environmental regulations concerning refrigerants and greenhouse gas emissions.
Feb 5, 2026	mda	Carrier Global Corporation is transitioning into a pure-play climate and energy solutions provider, highlighted by the acquisition of Viessmann’s VCS business and the divestiture of its Fire & Security and Commercial Refrigeration (CCR) businesses. The company expects to sell its Riello business for approximately $430 million in the first half of 2026. For fiscal 2025, net sales declined 3% to $21.7 billion, with organic sales down 1%. This decline was primarily driven by reduced residential demand in the Americas (down 9%) and China (down 12%), though these were partially offset by 23% growth in Americas commercial HVAC and 31% growth in transport containers. Adjusted operating profit fell to $3.29 billion. To counter macroeconomic headwinds, Carrier implemented $200 million in pricing actions to mitigate tariff impacts. The company maintains an aggressive capital return strategy, having repurchased $6.8 billion in shares and paid $0.90 per share in dividends during 2025. Liquidity remains stable with $1.6 billion in cash and $11.8 billion in total debt. Strategically, Carrier is investing $4 billion by 2030 to develop decarbonization technologies and achieve operational carbon neutrality.

Filed

Item

Context

Apr 30, 2026

mda_quarterly

Carrier Global Corporation reported net sales of $5.34 billion for the first quarter of 2026, a 2% increase year-over-year, though organic sales declined 1%. Operating profit fell 59% to $259 million, and gross margin contracted 440 basis points to 23.3%, driven by lower volumes and under-absorption. Performance was significantly hindered by a 12% volume decline in the Americas residential business and a 13% sales drop in China. These losses were partially offset by growth in Americas commercial (up 4%) and light commercial (up 9%) sectors, as well as a 38% increase in transportation container demand. Restructuring costs rose sharply to $108 million compared to $8 million in the prior year. The company is executing the sale of its Riello thermal solutions business for approximately $430 million, expected to close in the first half of 2026. Management is mitigating IEEPA and Section 232 tariff impacts through pricing actions and supply chain adjustments. Liquidity remains supported by $1.37 billion in cash and equivalents, with $306 million utilized for common stock repurchases during the period. Total debt stands at $12.16 billion, with a net debt to net capitalization ratio of 44%.

Feb 5, 2026

business

Carrier Global Corporation is a pure-play provider of intelligent climate and energy solutions, reporting 2025 net sales of $21.7 billion and operating profit of $2.2 billion. The company operates through four segments: Climate Solutions Americas, Europe, Asia Pacific, Middle East & Africa, and Climate Solutions Transportation. Its portfolio, featuring brands such as Carrier, Viessmann, and Toshiba, spans residential and commercial HVAC, cold chain logistics via Carrier Transicold, and specialized data center cooling through QuantumLeap. Approximately 52% of sales are international, with 28% derived from parts and services. Strategically, Carrier is pivoting toward digitally-enabled lifecycle solutions—utilizing platforms such as Abound and Lynx—to capture higher-margin aftermarket growth. Recent portfolio optimization includes the acquisition of Viessmann’s VCS business and the divestiture of its Fire & Security and Commercial Refrigeration units, alongside the pending sale of the Riello business. Growth is tied to secular trends in electrification, urbanization, and digitalization. Key financial risks include volatility in raw materials like copper and aluminum, HVAC seasonality, and the cost of complying with fragmented global environmental regulations concerning refrigerants and greenhouse gas emissions.

Feb 5, 2026

mda

Carrier Global Corporation is transitioning into a pure-play climate and energy solutions provider, highlighted by the acquisition of Viessmann’s VCS business and the divestiture of its Fire & Security and Commercial Refrigeration (CCR) businesses. The company expects to sell its Riello business for approximately $430 million in the first half of 2026. For fiscal 2025, net sales declined 3% to $21.7 billion, with organic sales down 1%. This decline was primarily driven by reduced residential demand in the Americas (down 9%) and China (down 12%), though these were partially offset by 23% growth in Americas commercial HVAC and 31% growth in transport containers. Adjusted operating profit fell to $3.29 billion. To counter macroeconomic headwinds, Carrier implemented $200 million in pricing actions to mitigate tariff impacts. The company maintains an aggressive capital return strategy, having repurchased $6.8 billion in shares and paid $0.90 per share in dividends during 2025. Liquidity remains stable with $1.6 billion in cash and $11.8 billion in total debt. Strategically, Carrier is investing $4 billion by 2030 to develop decarbonization technologies and achieve operational carbon neutrality.

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