CARRCarrier Global Corp
Earnings Recap
• Reported GAAP EPS of $0.29 down -38.30% YoY • Reported revenue of $5.34B up 2.36% YoY • Carrier Global Corp reaffirms its full-year 2026 outlook, expecting sales of approximately $22 billion with organic sales flat to up low-single digits, adjusted operating profit of $3.4 billion, adjusted EPS of $2.80, and free cash flow of $2 billion.
Bullish
Carrier Global Corp saw total company orders increase 11%, with Commercial HVAC orders up 35% and data center orders up over 500%. Strong segment sales growth in Climate Solutions Europe and Transportation contributed to positive results.
Bearish
Carrier Global Corp's GAAP operating profit declined 59% due to segment performance and lower CSA Residential sales. Organic sales decreased 1%, and free cash flow turned negative at ($15) million, down from $420 million prior year.