Citable filing context
CARR's research view summarizes recent SEC filing context, starting with earnings from Jul 28, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 28, 2026 | earnings | Carrier Global reported Q2 2026 results with $6.35B in sales and raised its full-year outlook. |
| Jul 24, 2026 | management_change | Carrier Global Corporation appointed Neil Barua to its Board of Directors, effective July 24, 2026. |
| Apr 30, 2026 | earnings | Carrier Global Corporation reported first quarter 2026 net sales of $5.3 billion and GAAP EPS of $0.28. |
| Jul 28, 2026 | Guidance: adjusted_eps | not reported to 2.90 |
| Jul 28, 2026 | Guidance: adjusted_operating_profit | not reported to 3500.00 |
| Jul 28, 2026 | Guidance: free_cash_flow | not reported to 2000.00 |
| Jul 28, 2026 | mda_quarterly | Carrier Global Corporation reported net sales of $6.35 billion for the second quarter of 2026, a 4% increase year-over-year, driven by 3% organic growth. Despite higher sales, operating profit declined 9% to $825 million, and gross margin contracted 170 basis points to 27.2%. This margin pressure resulted from higher input costs, tariff impacts, and unfavorable business mix, which offset volume gains and productivity initiatives. The company operates through four segments: Climate Solutions Americas, Europe, Asia Pacific/Middle East/Africa, and Transportation. Performance was mixed; while the Americas segment saw 4% organic growth, segment operating profit fell 6% due to tariff-related costs and unfavorable product mix. The company is actively managing its portfolio, notably completing the sale of its Riello thermal solutions business on July 1, 2026, following a $46 million impairment charge. Carrier faces ongoing legal risks, including class-action antitrust litigation regarding HVAC pricing and significant Aqueous Film Forming Foam (AFFF) litigation. To address AFFF claims, the company has entered into settlement agreements involving a $615 million cash commitment over five years. Liquidity remains stable, with $1.34 billion in cash and $4.6 billion remaining under its share repurchase authorization as of June 30, 2026. |
| 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%. |
Source: SEC EDGAR filing text and events; period Jul 28, 2026; filed Jul 28, 2026.
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