Summary
Carrier Global Corporation (CARR) reported net sales of $21.7 billion for the fiscal year ended December 31, 2025, representing a 3% decrease from the prior year. This decline was primarily attributed to lower volumes across its Climate Solutions segments, particularly in the Americas and Asia Pacific, Middle East & Africa regions, impacted by reduced end-market demand and distributor destocking. The company continued its portfolio transformation in 2024 by acquiring the Viessmann Climate Solutions business and divesting several non-core operations. Operationally, the company faced headwinds from lower volumes, though this was partially offset by productivity initiatives and favorable pricing actions. Adjusted operating profit was $3.3 billion, a slight decrease from $3.5 billion in the prior year, reflecting the impact of lower volumes and ongoing strategic investments. Carrier's strategic focus remains on intelligent climate and energy solutions, emphasizing digital transformation and sustainability. The company is investing in innovation and new business models, such as Carrier Energy, to optimize home energy management and enhance digital customer connections. Despite macroeconomic challenges and specific segment weakness, Carrier is positioning itself for long-term growth by leveraging its strong brand portfolio and addressing secular trends like urbanization and digitalization. The company also announced the pending sale of its Riello business, further streamlining its operations.
Financial Highlights
53 data points| Revenue | $21.75B |
| R&D Expenses | $625.00M |
| SG&A Expenses | $3.09B |
| Operating Expenses | $19.84B |
| Operating Income | $2.17B |
| Interest Expense | $458.00M |
| Net Income | $1.48B |
| EPS (Basic) | $1.74 |
| EPS (Diluted) | $1.72 |
| Shares Outstanding (Basic) | 852.40M |
| Shares Outstanding (Diluted) | 862.40M |
Key Highlights
- 1Net sales for the fiscal year ended December 31, 2025, were $21.7 billion, a 3% decrease year-over-year, driven by volume reductions in climate solutions segments.
- 2Adjusted operating profit was $3.3 billion, down from $3.5 billion in the prior year, reflecting operational challenges and strategic investments.
- 3The company completed its portfolio transformation in 2024 with the acquisition of Viessmann Climate Solutions and strategic divestitures of non-core businesses.
- 4Segment operating profit for Climate Solutions Americas decreased by 7% year-over-year due to volume reductions, while Climate Solutions Europe saw a 5% decrease.
- 5Climate Solutions Transportation experienced a 17% decrease in net sales, partly due to the divestiture of its Commercial Refrigeration business, though organic sales saw a slight increase.
- 6Carrier continues to invest in R&D and digital solutions, aiming to strengthen its leadership in intelligent climate and energy solutions.
- 7The company announced the pending sale of its Riello business, expected to close in the first half of 2026.