CARR SEC Filings

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.

Carrier Global Corporation (CARR) has filed an 8-K report on February 5, 2026, to announce its fourth quarter 2025 financial results. The company has provided a press release detailing these results, which is furnished as an exhibit to this filing. Investors should note that this press release, while containing important financial information, is furnished and not deemed 'filed' for the purposes of certain sections of the Securities Exchange Act of 1934. This means it doesn't automatically trigger liabilities under Section 18 or get incorporated by reference into other SEC filings unless specifically stated by the company. Therefore, investors should review the press release directly for details on the company's performance in the fourth quarter of 2025.

Carrier Global Corp. reported a decrease in net sales for both the three and nine months ended September 30, 2025, compared to the prior year. Net sales for the third quarter were $5.6 billion, down 7%, while nine-month sales were $16.9 billion, down 2%. This decline was primarily driven by lower volumes in key segments, particularly Climate Solutions Americas, and distributor destocking. Despite the top-line pressure, the company demonstrated resilience through its focus on productivity initiatives and strategic pricing actions. The company also reported significant progress on its portfolio transformation, having completed several divestitures in 2024 and a strategic acquisition of the Viessmann climate solutions business. Profitability metrics showed mixed results. While gross margin as a percentage of net sales saw a decrease in the third quarter, it improved year-over-year for the nine-month period, benefiting from productivity gains and the amortization of acquired intangibles from the prior year. Operating profit declined in the third quarter, but increased for the nine-month period, reflecting the impact of volume declines and ongoing investments in R&D and operating expenses. The company's financial position remains solid, supported by robust operating cash flows and access to credit facilities, despite a decrease in cash and cash equivalents primarily due to share repurchases and debt repayments.

Carrier Global Corporation (CARR) has announced its third quarter 2025 financial results via a press release. While the specific financial figures are not detailed within this 8-K filing itself, the release (furnished as Exhibit 99.1) is the primary source of this information for investors. Additionally, the Company's Board of Directors has approved a significant increase to its stock repurchase program, authorizing an additional $5 billion, bringing the total available for repurchases to approximately $5.8 billion. This substantial buyback authorization underscores management's confidence and its commitment to returning capital to shareholders.

Carrier Global Corporation (CARR) announced a key leadership change within its financial reporting team through an 8-K filing on September 4, 2025. Ms. Beril Yildiz has been appointed as the new Vice President, Controller, and Chief Accounting Officer, effective September 22, 2025. This appointment brings extensive accounting and financial leadership experience from previous roles at major public companies including International Flavors & Fragrances Inc. and Revlon Inc. Ms. Yildiz's compensation package includes a base salary of $500,000, a target annual bonus of 60% of her base salary, and an annual long-term incentive target of $470,000. Additionally, she will receive significant sign-on awards totaling $1,550,000 in the form of restricted stock units, stock appreciation rights, and cash, reflecting the company's investment in attracting experienced financial leadership. This move signals a focus on strengthening the company's accounting and financial control functions.

Carrier Global Corp. reported solid revenue growth for the second quarter of 2025, driven primarily by its Climate Solutions Americas segment. Total net sales increased by 3% year-over-year, reaching $6.1 billion, with organic sales up 6%. This growth was supported by strong volumes and pricing actions, which also contributed to a significant 12% increase in gross margin, expanding to 28.9% of net sales. Despite some headwinds in the Asia Pacific and Transportation segments, the company demonstrated operational resilience. Profitability saw a substantial improvement, with operating profit rising 25% to $903 million. This was bolstered by the favorable impact of the prior year's inventory step-up and backlog amortization from the Viessmann acquisition now being fully amortized. While net earnings attributable to common shareholders decreased by 75% due to the absence of significant gains from discontinued operations in the prior year, the core business demonstrated strong underlying performance. The company continues to focus on strategic portfolio management and operational efficiency, which is reflected in its robust adjusted operating profit.

Carrier Global Corporation (CARR) has filed an 8-K to report its second quarter 2025 financial results. The company issued a press release on July 29, 2025, detailing these results. While the 8-K itself primarily serves as a notification of this release and does not contain the detailed financial statements, it directs investors to the furnished press release (Exhibit 99) for the comprehensive operational and financial performance data for the quarter ended July 28, 2025. Investors should refer to the press release attached as Exhibit 99 for specific financial metrics, including revenue, profitability, segment performance, and any forward-looking guidance provided by the company. This filing indicates that the company has met its reporting obligations for its quarterly results, with the detailed information available in the accompanying press release.

Carrier Global Corporation (CARR) has filed a Current Report on Form 8-K to recast certain previously reported financial information. This recasting pertains specifically to the presentation of its reportable segments, aligning them with revised segment reporting implemented in the first quarter of 2025. The changes are intended to better reflect the Company's strategic business shifts, enhance management reporting, and improve investor transparency regarding its portfolio transformation. Importantly, this filing is not a restatement or correction of previously issued financial statements. Instead, it is a necessary step to conform prior period financial data, specifically for the three years ending December 31, 2024, to the new segment structure. This is being done in anticipation of upcoming registration statements and to comply with SEC rules that require prior period financial statements to be recast when such significant accounting policy or segment reporting changes occur and are included in new filings. Investors should refer to the 2024 Form 10-K for the original audited financials and the 2025 Form 10-Qs for subsequent developments.

Carrier Global Corporation (CARR) announced on June 5, 2025, a significant share repurchase transaction involving 4,267,425 shares of its common stock from Viessmann Traeger HoldCo GmbH. This entity is controlled by Maximilian Viessmann, a director on Carrier's board. The total purchase price for these shares was $300 million, equating to $70.30 per share. This price was set at a 1.54% discount to the closing price on the transaction date and matched the price at which Viessmann HoldCo simultaneously sold the same number of shares to a third-party broker. The repurchase was executed under Carrier's existing share repurchase authorization and appears to be a strategic move that also facilitates a partial exit for a key insider while signaling continued commitment. Maximilian Viessmann stated that the sale is for diversification purposes, emphasizing that he remains the largest non-institutional shareholder and intends to continue serving on the board. Importantly, Viessmann HoldCo has committed not to sell any additional Carrier shares within the current calendar year, which could provide some stability to the stock price in the short term.

Carrier Global Corporation reported a net sales decrease of 4% year-over-year to $5.2 billion for the first quarter of 2025. Despite the top-line decline, gross margin improved by 4% due to the absence of inventory step-up and backlog amortization from the prior year's acquisition, alongside pricing actions and productivity improvements. Operating profit saw a significant increase of 63% to $629 million, driven by reduced operating expenses, particularly SG&A, and a substantial recovery in equity method investment earnings. The company experienced mixed segment performance, with Climate Solutions Americas showing robust growth in net sales and operating profit. However, Climate Solutions Europe and Asia Pacific, Middle East & Africa saw sales declines, while Climate Solutions Transportation's sales also decreased, albeit with organic growth in certain areas. Significant debt reduction and substantial share repurchases highlight a strong focus on capital allocation and returning value to shareholders. The company also reported a notable increase in diluted earnings per share from $0.29 to $0.47.

Carrier Global Corporation (CARR) has filed an 8-K to report its first quarter 2025 results and disclose significant changes to its reportable segments and profitability measurement. The company has reorganized its segments into four distinct geographical Climate Solutions divisions: Americas, Europe, Asia Pacific Middle East & Africa, and Transportation. This revised structure is intended to better reflect how the Chief Operating Decision Maker manages the business, including resource allocation and performance assessment. Furthermore, Carrier has transitioned its primary segment profitability metric from 'Operating profit' to 'Segment operating profit.' This new measure excludes restructuring costs, amortization of acquired intangible assets, and other non-operational items, providing a potentially clearer view of ongoing operational performance at the segment level. The company has provided supplemental historical data on a comparable basis to aid investors in understanding these changes.

Carrier Global Corporation (CARR) has filed an 8-K report announcing the resignation of Kyle Crockett, Vice President, Controller, and Chief Accounting Officer, effective around May 2, 2025. The company states that Mr. Crockett's departure is for personal reasons and is not linked to any disagreements regarding financial matters. This change in a key financial reporting role may introduce a short-term period of adjustment for investors monitoring internal controls and financial reporting accuracy. To ensure continuity during the search for a permanent replacement, Patrick Goris, the current Senior Vice President and Chief Financial Officer, will serve as interim Controller starting May 2, 2025. Mr. Goris brings significant financial leadership experience, having held his current role since November 2020 and previously serving as CFO at Rockwell Automation. Investors should note that while Mr. Goris's interim role is a prudent measure, the eventual appointment of a permanent Controller will be a significant development to watch for.

Carrier Global Corporation (CARR) filed an 8-K on April 10, 2025, detailing the results of its Annual Meeting of Shareowners held on April 9, 2025. The most significant outcome for investors is the approval of an amendment to the 2020 Long-Term Incentive Plan, which increases the authorized shares for future issuance by 17,000,000. This move is crucial for the company's ability to attract and retain talent through equity-based compensation, potentially impacting future dilution and employee incentives. Additionally, the filing confirms the re-election of all director nominees and the approval, on an advisory basis, of the named executive officers' compensation. The company also successfully ratified the appointment of PricewaterhouseCoopers LLP as its independent auditor for 2025. A shareowner proposal requesting a lobbying transparency report was not approved, indicating continued support for the company's current approach to lobbying disclosures.

Carrier Global Corporation (CARR) has filed an 8-K report on February 11, 2025, primarily to announce its fourth quarter 2024 financial results via a press release. This filing provides investors with the latest performance metrics for the company as it concludes its fiscal year. While the 8-K itself is brief and largely refers to the attached press release for detailed financial information, it signals the availability of crucial data regarding revenue, profitability, and other key operational and financial conditions for the most recent quarter. Investors should pay close attention to the furnished press release (Exhibit 99) for a comprehensive understanding of Carrier's performance. This includes details on segment performance, earnings per share (EPS), and any forward-looking guidance the company may have provided. The information within the press release will be instrumental in assessing the company's recent financial health and its prospects for the upcoming fiscal periods.

Carrier Global Corporation's (CARR) 2024 Annual Report highlights a year of significant portfolio transformation and strategic growth. The company successfully divested several businesses, including Access Solutions, Industrial Fire, Commercial Refrigeration, and Commercial and Residential Fire, generating substantial cash proceeds. Concurrently, Carrier completed the acquisition of the Viessmann Climate Solutions (VCS) business, strengthening its position in intelligent climate and energy solutions, particularly in Europe. Financially, Carrier reported net sales of $22.5 billion, a 19% increase year-over-year, driven by the VCS acquisition and organic growth in its HVAC segment. The company is focused on innovation, digital solutions, and expanding its energy management offerings, aligning with secular trends like urbanization and energy efficiency. Despite increased interest expenses due to debt financing for the VCS acquisition, the company's overall financial performance shows resilience, with a significant increase in net earnings attributable to common shareholders.

Carrier Global Corporation (CARR) has announced a key change to its Board of Directors. Effective January 15, 2025, Amy E. Miles has been appointed as an independent director. Ms. Miles will serve a term that concludes at the 2025 Annual Shareowner Meeting and will also contribute to the Board's Audit Committee and Governance Committee. This appointment is a routine board refreshment and does not appear to be related to any specific arrangements or transactions involving Ms. Miles. Her compensation will align with the Company's standard policies for non-employee directors. Investors should note this addition to the board as it can impact governance and oversight.

Carrier Global Corporation (CARR) has filed an 8-K report detailing the entry into a new $2.5 billion senior unsecured revolving credit agreement, effective December 20, 2024. This new five-year facility replaces prior credit agreements, including a $500 million 364-day revolving credit facility and a $2 billion five-year revolving credit facility. The new credit agreement is designed to support the company's general cash requirements and its commercial paper program, offering flexibility with borrowings available in both U.S. Dollars and Euros. This refinancing indicates a proactive approach by Carrier Global to manage its liquidity and financing structure. The terms are largely similar to previous agreements, suggesting stability in the company's credit arrangements. Key features include interest rate options based on Term SOFR or Alternate Base Rate for USD borrowings and Adjusted EURIBOR for Euro borrowings, all subject to a ratings-based margin. The agreement also includes standard covenants, a consolidated leverage ratio financial covenant, and customary events of default, aligning with typical investment-grade financing practices.

Carrier Global Corporation (CARR) filed an 8-K report on December 3, 2024, announcing a significant leadership transition within its legal department. Kevin O’Connor, the current Senior Vice President and Chief Legal Officer, is set to step down effective January 1, 2025. This departure marks the end of his tenure in a key executive role. In conjunction with Mr. O’Connor's departure, the company has appointed Francesca Campbell as the new Senior Vice President and Chief Legal Officer. This appointment is effective immediately upon O'Connor's departure. Investors should monitor the integration of Ms. Campbell into this critical role and any potential impacts on the company's legal and compliance strategies.

Carrier Global Corporation (CARR) has announced the successful completion of the sale of its Commercial and Residential Fire business to an affiliate of Lone Star Funds. This divestiture marks a significant strategic move for Carrier, likely aimed at sharpening its focus on its core HVAC and Refrigeration segments. Investors should monitor how this transaction impacts the company's future revenue streams, profitability, and capital allocation strategies.

Carrier Global Corporation (CARR) has filed an 8-K report detailing the completion of a private offering of €750,000,000 aggregate principal amount of 3.625% euro-denominated notes due 2037. The primary purpose of this new debt issuance was to refinance existing debt, specifically the Company's 4.375% Euro 2025 Notes. This strategic move aims to lower the company's overall interest expense and extend its debt maturity profile, potentially improving financial flexibility. The issuance was conducted through a private placement to qualified institutional buyers and is not registered under the Securities Act. In conjunction with the new notes offering, Carrier has redeemed its Euro 2025 Notes for approximately €770.7 million. This refinancing demonstrates proactive debt management by Carrier, taking advantage of current market conditions to secure a lower interest rate and a longer maturity. The company has also entered into a Registration Rights Agreement to facilitate the exchange of these private notes for registered notes, indicating a commitment to transparency and regulatory compliance for future resales. Investors should note the terms of the new notes, including call provisions and change of control clauses, which offer certain protections.

Carrier Global Corporation (CARR) announced on October 28, 2024, the pricing of a private offering for €750,000,000 aggregate principal amount of 3.625% euro-denominated notes due 2037. This strategic move is primarily aimed at refinancing existing debt, with the net proceeds earmarked to redeem the Company's entire €750 million outstanding 4.375% Euro 2025 Notes and cover associated offering expenses. The transaction is expected to close on November 8, 2024, contingent upon standard closing conditions. This debt issuance represents a proactive approach by Carrier to manage its capital structure by extending its debt maturity profile and potentially lowering its overall interest expense. The refinancing of the Euro 2025 Notes with longer-dated debt suggests a confident outlook on long-term financial stability and operational cash flow generation. Investors should note that this offering was conducted through private placements, targeting qualified institutional buyers, and will be subject to future registration statements with the SEC.

Carrier Global Corporation has announced a conditional notice of redemption for its outstanding €750 million of 4.375% Notes due 2025. The redemption is scheduled for November 8, 2024. This move is aimed at refinancing the company's debt, with plans to finance the redemption through a concurrent private offering of €750 million in euro-denominated notes due 2037 and existing cash on hand. This debt restructuring indicates a strategic effort by Carrier to manage its capital structure, potentially taking advantage of current market conditions to extend its debt maturity profile. Investors should note that the redemption is contingent upon the successful completion of the new note offering or an alternative satisfactory financing arrangement. The new notes are being offered privately to qualified institutional buyers and certain non-U.S. persons, consistent with applicable securities regulations.

Carrier Global Corporation (CARR) reported strong revenue growth of 21% in the third quarter of 2024, reaching $6.0 billion, and 18% for the nine-month period to $17.3 billion. This growth was largely driven by the acquisition of Viessmann Climate Solutions (VCS) and a 4% organic sales increase in the third quarter. Net earnings attributable to common shareholders increased by 25% to $447 million ($0.49 per diluted share) for the quarter, and a significant 229% to $3.1 billion ($3.34 per diluted share) for the nine-month period. The company continues its portfolio transformation with the planned divestiture of Commercial Refrigeration and Commercial & Residential Fire businesses, while strengthening its core HVAC and Refrigeration segments. The company successfully managed inflationary pressures through pricing actions and productivity initiatives, though gross margin as a percentage of net sales saw a slight decrease due to acquisition-related amortization. Significant debt was managed through proactive tender offers, and the company's liquidity remains robust with substantial cash and equivalents. The AFFF litigation settlement represents a significant liability, though management anticipates insurance proceeds to cover these costs.

Carrier Global Corporation (CARR) announced its third quarter 2024 financial results and provided preliminary net cash flow and free cash flow figures on October 24, 2024. While specific Q3 earnings per share and revenue figures are not detailed in this 8-K filing itself, it refers to an accompanying press release for these results. The filing also highlights a significant capital allocation decision, with the Board of Directors approving an increase of $3 billion to the existing stock repurchase authorization, bringing the total available for share buybacks to approximately $4.7 billion. This substantial increase signals management's confidence in the company's financial health and its commitment to returning capital to shareholders. Investors should note that the detailed financial performance for the third quarter will be found in the press release furnished as an exhibit. The expanded share repurchase program indicates a strategy to enhance shareholder value, potentially through reducing the number of outstanding shares and increasing earnings per share. The authorization is open-ended and flexible, allowing management to act opportunistically in the market.

Carrier Global Corporation (CARR) has entered into a significant Settlement and Plan Support Agreement (PSA) related to historical liabilities stemming from aqueous film-forming foam (AFFF) manufactured by its former subsidiary, KFI Wind-Down Corp. (KFI). This agreement, filed on October 18, 2024, aims to resolve a substantial number of current and future claims associated with AFFF, a substance containing PFAS chemicals, which KFI produced prior to its bankruptcy filing. The PSA involves three distinct settlement agreements: one for estate claims against Carrier related to KFI's liabilities, and two for direct claims against Carrier arising from UTC's historical ownership of KFI's AFFF business. This initiative represents a material step in addressing potential long-term legal and financial risks for Carrier. The company has agreed to pay $615 million over five years, plus net sale proceeds from KFI's assets and contributions from insurance recoveries. Importantly, Carrier expects insurance payments to cover the full settlement amount, mitigating the direct financial impact. The settlements are contingent upon court approvals and execution of final documentation, with provisions allowing Carrier to terminate under certain opt-out conditions. Investors should monitor the progress of court approvals and any potential impacts from non-settling parties.

Carrier Global Corporation (CARR) announced a significant strategic divestiture through a definitive agreement to sell its Commercial and Residential Fire business to an affiliate of Lone Star Funds. This transaction marks a pivotal step in Carrier's ongoing portfolio optimization efforts, allowing the company to sharpen its focus on its core HVAC, Refrigeration, and Fire & Security businesses. The sale is expected to unlock further value and streamline operations as Carrier continues its transformation journey. Investors should monitor the closing conditions and the financial implications of this divestiture. While the press release does not detail the financial terms of the agreement, it underscores Carrier's commitment to strategic capital allocation and enhancing shareholder value by divesting non-core assets. The company's focus on its remaining segments is anticipated to drive future growth and profitability.

Carrier Global Corporation announced its second quarter 2024 financial results on July 25, 2024. This 8-K filing primarily serves to furnish the press release detailing these results, which are crucial for investors to assess the company's recent performance. The key information investors should focus on is the actual financial performance disclosed in the press release, including revenue, profitability, and any forward-looking guidance provided by the company. While the 8-K itself does not contain the detailed financial figures, it directs investors to the furnished press release (Exhibit 99) for this vital information. Investors should carefully review the press release for segment performance, earnings per share (EPS), and any commentary on macroeconomic factors impacting Carrier's business segments (e.g., HVAC, Refrigeration, Fire & Security).

Carrier Global Corp. reported strong financial performance for the second quarter and first half of 2024, driven by robust sales growth and effective cost management. Total net sales increased by 12% to $6.7 billion for the quarter and 14% to $12.9 billion for the six-month period, largely attributable to the acquisition of Viessmann Climate Solutions (VCS) and organic growth across key segments, particularly HVAC. The company also benefited significantly from the divestiture of its Access Solutions business, which generated a substantial gain of $2.9 billion in the second quarter. Despite increased operating expenses related to the VCS acquisition and ongoing investments, Carrier demonstrated improved profitability, with net income attributable to common shareholders rising significantly year-over-year. The company's strategic portfolio transformation is progressing well, with the recent completion of the Access Solutions sale and the ongoing process for divesting the Commercial Refrigeration and Industrial Fire businesses. While debt levels have increased due to the VCS acquisition financing, the company maintains a solid liquidity position and a positive outlook from credit rating agencies. Management remains focused on integrating acquisitions, driving operational efficiencies, and executing its capital allocation strategy, which includes debt repayment and potential shareholder returns.

Carrier Global Corporation (CARR) has filed an 8-K report detailing the departure of Jurgen Timperman, President of Fire & Security, effective July 1, 2024. This transition follows the recent divestiture of the Security Access Solutions Business to Honeywell and the anticipated Q3 2024 sale of the Industrial Fire Business. Mr. Timperman's departure is structured as a "mutually agreeable termination" and "early retirement," entitling him to a comprehensive package of payments and benefits.

Carrier Global Corporation (CARR) filed an 8-K on June 21, 2024, reporting the immediate resignation of Beth A. Wozniak from its Board of Directors and its Governance and Technology and Innovation committees, effective June 19, 2024. The company explicitly stated that Ms. Wozniak's departure is not due to any disagreements regarding the company's operations, policies, or practices. This change is presented as a strategic move to allow both Carrier and nVent (where Ms. Wozniak will presumably focus her efforts) to pursue their respective long-term objectives. Investors should note that while the departure of a board member can sometimes signal underlying issues, the company's clear statement of no disagreement suggests this is a planned transition. The company expressed gratitude for Ms. Wozniak's service and contributions, indicating a cooperative and amicable separation.

Carrier Global Corporation (CARR) has filed an 8-K detailing a significant leadership transition and amendments to its corporate bylaws. Timothy N. White, previously President of Refrigeration, will move to a new role as Senior Vice President and Chief Product Officer, effective July 1, 2024. This change signifies a strategic shift in product leadership as the company adapts to evolving market needs and potentially centralizes product strategy under a dedicated executive. In addition to the executive change, the Board of Directors has approved amendments to the company's bylaws. These amendments primarily aim to enhance shareholder rights and streamline corporate governance processes. Key changes include the removal of certain limitations on shareholder actions by written consent, updates to advance notice and proxy access provisions to align with SEC's universal proxy rules and market standards, and clarifications on the procedures for calling and managing special meetings. These updates are designed to improve shareholder engagement and corporate responsiveness.

Carrier Global Corporation (CARR) has filed an 8-K report on June 3, 2024, detailing significant financial maneuvers following the recent completion of its security business sale. The company has fully repaid its €2.3 billion senior unsecured delayed draw term loan facility, which was initially secured to finance the acquisition of Viessmann Group's climate solutions business. This repayment was funded by the proceeds from the sale of its Global Access Solutions business to Honeywell, which also closed on June 3, 2024. Furthermore, Carrier announced the redemption of its entire $1.0 billion outstanding 5.800% Notes due 2025. This redemption, scheduled for June 13, 2024, will be executed at a premium calculated based on the greater of par value or a present value calculation plus accrued interest. These actions demonstrate Carrier's proactive financial management, utilizing proceeds from divestitures to reduce debt and optimize its capital structure.

Carrier Global Corporation (CARR) has entered into a new 364-day senior unsecured revolving credit agreement, effective May 17, 2024, replacing its previous credit facility. This new agreement provides access to up to $500 million in borrowings, available in U.S. Dollars or Euros, and is intended to support the company's cash requirements. The terms are largely consistent with the prior agreement, featuring interest rates based on market benchmarks like Term SOFR or EURIBOR, plus a ratings-based margin. Key covenants and events of default are customary for investment-grade financings, including a consolidated leverage ratio requirement and a change of control clause. This refinancing demonstrates Carrier's ongoing proactive management of its liquidity and debt structure. The new credit facility maintains a substantial borrowing capacity, offering financial flexibility. Investors should note the agreement includes a term-out option, allowing the company to extend the maturity by one year under specific conditions and a fee, indicating potential strategic considerations for longer-term capital planning. The termination of the prior credit agreement and the entry into the new one are routine financial management actions.

Carrier Global Corporation (CARR) filed an 8-K on April 25, 2024, to report its first quarter 2024 financial results, which were announced via press release on the same date. This filing serves as a notification to investors about the company's recent performance. While the 8-K itself does not contain the detailed financial figures, it directs readers to the press release (Exhibit 99) for comprehensive information regarding the first quarter's operational and financial condition.

Carrier Global Corporation reported first-quarter 2024 results marked by significant revenue growth, driven by the acquisition of Viessmann Climate Solutions (VCS) and organic growth in its core segments. Total net sales increased by 17% year-over-year to $6.2 billion. However, net income attributable to common shareholders decreased by 28% to $269 million, or $0.29 per diluted share. This decline was largely influenced by higher interest expenses related to acquisition financing, increased operating expenses, including amortization of acquired intangibles from the VCS acquisition, and a significant foreign currency translation adjustment in other comprehensive income. The company is actively undergoing a portfolio transformation, divesting its Fire & Security and Commercial Refrigeration businesses while integrating the newly acquired VCS business into its HVAC segment. While the acquisition has boosted revenue, it also introduced substantial costs, including intangible asset amortization and integration expenses, impacting profitability in the short term. Despite the profit decline, the company maintains a strong balance sheet and positive outlook, supported by its strategic acquisitions and ongoing restructuring efforts aimed at long-term value creation.

Carrier Global Corporation filed an 8-K on April 19, 2024, detailing the results of its 2024 Annual Meeting of Shareowners held on April 18, 2024. The meeting saw overwhelming approval for the re-election of all director nominees and the ratification of PricewaterhouseCoopers LLP as the independent auditor for 2024. Additionally, the advisory vote on executive compensation received a majority of 'For' votes, indicating shareowner support for the company's compensation practices. However, a shareowner proposal requesting a lobbying transparency report was not approved by a significant margin. The strong support for director elections and auditor ratification suggests continued confidence in the company's leadership and financial oversight. Investors should note the 'broker non-votes' across all proposals, which represent shares held by brokers that were not voted on behalf of the beneficial owners, a common occurrence in such meetings.

Carrier Global Corporation (CARR) filed an 8-K/A amendment to its previous 8-K filing to correct a typographical error regarding the term of directors elected at its 2025 Annual Meeting of Shareowners held on April 18, 2024. The amendment clarifies that directors were elected for terms expiring at the 2024 Annual Meeting of Shareowners, not 2025. The filing also provides the final voting results from the meeting, confirming the election of all director nominees, the advisory approval of executive compensation, and the ratification of PricewaterhouseCoopers LLP as the independent auditor for 2024. A shareholder proposal requesting a lobbying transparency report was not approved.

Carrier Global Corporation (CARR) reported significant strategic advancements in its 2023 10-K filing. The company completed a major acquisition of Viessmann's climate solutions business for $14.2 billion, a move expected to strengthen its position in intelligent climate and energy solutions, particularly in the European residential market. Strategically, Carrier announced plans to divest its Fire & Security Access Solutions business and its Commercial Refrigeration business, signaling a focused transformation towards its core HVAC and climate technology offerings. The company also highlighted its commitment to innovation and sustainability, with substantial investments planned for developing healthier, safer, and more sustainable building and cold chain solutions. Despite a decrease in operating profit year-over-year, impacted by acquisition and divestiture-related costs and specific segment challenges, Carrier's net sales saw an increase driven by organic growth and acquisitions. Investors should note the company's ongoing portfolio transformation, its strategic investments in digital solutions and sustainability, and the integration of the significant Viessmann acquisition. While the company faces risks common to global industrial companies, such as supply chain disruptions and economic volatility, its strategic focus and brand strength position it to capitalize on long-term secular trends in its key markets.

Carrier Global Corporation (CARR) filed an 8-K on February 6, 2024, primarily to furnish its fourth quarter 2023 earnings press release. While the 8-K itself doesn't contain detailed financial statements, it signals the release of key performance metrics for the period. Investors should refer to the furnished press release (Exhibit 99) for specific details on revenue, earnings, and any forward-looking guidance provided by the company. This filing serves as the official notification of the company's most recent financial performance announcement.

This 8-K filing from Carrier Global Corporation announces the approval of a supplemental equity award for CEO David Gitlin. This award is performance-based, with rigorous targets linked to adjusted earnings per share growth and stock price appreciation, and vests over five years. It is designed to incentivize Mr. Gitlin's retention and leadership during a critical portfolio transformation period, which includes the significant acquisition of Viessmann Climate Solutions and the divestiture of other business segments. The company emphasizes that this award aligns Mr. Gitlin's compensation with long-term shareholder value creation and acknowledges the competitive market for executive talent. The supplemental award consists of performance share units (PSUs) and stock appreciation rights (SARs). The PSUs have a target of 446,110 shares and will be earned based on adjusted EPS growth targets from 2024-2026, vesting in installments from 2027-2029. The SARs cover 1,725,330 shares with an exercise price of $56.33 and will cliff vest in 2029. Both components are subject to continuous employment and have specific forfeiture and vesting provisions upon termination or change in control. This supplemental award is in addition to Mr. Gitlin's regular annual equity grant.

Carrier Global Corporation (CARR) has filed an 8-K report detailing the completion of its acquisition and related agreements. Key among these is the Investor Rights Agreement, entered into on January 2, 2024, which grants the seller the right to nominate a board member for ten years, contingent on retaining a minimum shareholding. This appointment also includes Maximilian Viessmann to the Board and its Technology and Innovation Committee. In conjunction with the acquisition, Carrier secured a 60-day, €113 million and $349 million senior unsecured bridge term loan to partially fund the cash consideration. This financing bears interest based on SOFR/EURIBOR plus a margin. Furthermore, a License Agreement was executed, granting Carrier an exclusive worldwide license to use the 'Viessmann' trademarks, with royalty payments structured as a fixed annual amount for the initial years followed by sales-based royalties. These agreements mark significant steps in integrating the acquired business.

Carrier Global Corporation has entered into a definitive agreement to sell its security business, Global Access Solutions, to Honeywell International Inc. for an enterprise value of $4.95 billion. This strategic divestiture is expected to close before the end of the third quarter of 2024, subject to customary closing conditions and regulatory approvals. The sale price is subject to adjustments based on working capital and net indebtedness of the business at closing. This move signals a significant shift in Carrier's strategic focus, likely allowing the company to concentrate on its core HVAC and refrigeration segments.

Carrier Global Corporation (CARR) has announced a significant strategic divestiture through a definitive agreement to sell its Global Access Solutions (security) business to Honeywell International Inc. This transaction is a key development for investors as it signals a strategic shift in Carrier's business portfolio, likely focusing the company on its core HVAC, Refrigeration, and Fire & Security segments moving forward. The sale is expected to streamline Carrier's operations and potentially unlock value by allowing management to concentrate resources on its higher-growth, more synergistic businesses. While the financial terms of the deal are not disclosed in this 8-K filing, the press release attached as Exhibit 99.1 will likely contain further details. Investors should monitor this divestiture's impact on Carrier's future financial performance, including its revenue mix, profitability, and capital allocation strategies. The sale represents a proactive step by Carrier's management to refine its strategic direction and enhance shareholder value.

Carrier Global Corporation (CARR) filed an 8-K on November 30, 2023, detailing the successful completion of significant debt offerings totaling €2.35 billion in Euro-denominated notes and $3.0 billion in USD-denominated notes. These offerings were primarily to finance the cash portion of the previously announced acquisition of Viessmann Group's climate solutions business and associated expenses. The issuance of these notes represents a substantial capital raise and is a key step in Carrier's strategic growth initiatives, specifically the integration of Viessmann's operations. Investors should note the terms of the notes, including interest rates, maturity dates, and the provision for special mandatory redemption if the acquisition does not close by a specified date.

Carrier Global Corporation (CARR) announced the pricing of significant private offerings for both U.S. dollar-denominated and Euro-denominated notes, totaling approximately $5.7 billion (USD 3 billion and EUR 2.35 billion). These offerings are designed to fund the cash portion of the previously announced acquisition of Viessmann Group's climate solutions business and associated transaction costs. The notes have varying maturity dates and interest rates, with the Euro notes expected to close on November 29, 2023, and the USD notes on November 30, 2023. Investors should note that these offerings are not contingent on each other and include a special mandatory redemption clause if the Viessmann acquisition does not close by October 25, 2024. This move signals Carrier's commitment to financing its strategic growth through debt. The issuance of these notes, offered to qualified institutional buyers and outside the U.S. under specific regulations, highlights the company's efforts to secure capital for a major transformative acquisition. The inclusion of a redemption provision for the acquisition's failure underscores the strategic importance of the Viessmann deal to the company's future financial outlook. Investors should monitor the closing of the acquisition and the company's debt levels.

Carrier Global Corporation (CARR) filed an 8-K on November 13, 2023, primarily to disclose financial information related to the Viessmann Group's climate solutions business (VCS Business) in connection with its previously announced acquisition. The filing includes audited and unaudited financial statements for the VCS Business, as well as unaudited pro forma combined financial information. This information is crucial for potential investors as it provides a deeper look into the financial health and performance of the business Carrier intends to acquire. Furthermore, the company announced its intention to launch a private offering of senior unsecured notes, denominated in both U.S. dollars and Euros. The net proceeds from this offering, along with existing cash and credit facilities, are earmarked to finance the cash portion of the VCS Business acquisition and associated transaction costs. Notably, the note offering is not contingent on the completion of the acquisition itself, but the notes will be subject to special mandatory redemption if the acquisition does not proceed.

Carrier Global Corporation (CARR) announced its third quarter 2023 results on October 26, 2023, via a press release furnished as an exhibit to its 8-K filing. While the filing itself is primarily procedural, it signals the release of the company's latest financial performance. Investors should refer to the press release (Exhibit 99) for detailed information regarding revenue, earnings, segment performance, and any forward-looking guidance provided by the company for the third quarter and potentially the remainder of 2023. The information contained in this 8-K is crucial for understanding Carrier's operational execution and financial health in the most recent reporting period. It allows investors to assess how the company is performing against expectations, identify any trends or significant developments, and make informed investment decisions based on updated financial data and management commentary.

Carrier Global Corporation (CARR) reported its third-quarter and year-to-date results for the period ending September 30, 2023. Total net sales increased by 5% for the quarter and 11% for the nine-month period compared to the prior year, driven by organic growth and strategic acquisitions, particularly the consolidation of Toshiba Carrier Corporation (TCC). The company's significant strategic move involves the pending acquisition of Viessmann's climate solutions business for approximately €12 billion, expected to close by year-end 2023. Concurrently, Carrier plans to exit its Fire & Security and Commercial Refrigeration businesses in 2024, signaling a significant portfolio transformation. While revenue shows growth, net income attributable to common shareholders saw a substantial decrease of 73% for the quarter and 72% for the nine-month period, largely impacted by non-recurring items, including a significant loss on the mark-to-market valuation of forward contracts related to the Viessmann acquisition and the deconsolidation of Kidde-Fenwal, Inc. (KFI) due to its Chapter 11 filing.

Carrier Global Corporation reported a significant increase in net sales for the second quarter of 2023, up 15% year-over-year to $6.0 billion, driven by strong performance in the HVAC segment and contributions from acquisitions. This top-line growth was partially offset by a substantial decrease in net income attributable to common shareholders, which fell 65% to $199 million, or $0.23 per diluted share. The decline in profitability was largely due to a $293 million loss on the deconsolidation of Kidde-Fenwal, Inc. (KFI) due to its Chapter 11 filing and an $111 million loss from mark-to-market valuation of hedging contracts related to the Viessmann acquisition. Despite these headwinds, the company is actively pursuing strategic transformations, including the announced acquisition of Viessmann's climate solutions business and plans to exit its Fire & Security and Commercial Refrigeration businesses in 2024. Looking at the first six months of the year, net sales increased 14% to $11.3 billion, while net income attributable to common shareholders decreased 71% to $572 million ($0.67 per diluted share). The company continues to navigate supply chain challenges and inflationary pressures, though moderation is noted. Carrier ended the quarter with a strong liquidity position, including $3.2 billion in cash and cash equivalents, and remains compliant with its debt covenants. Investors should monitor the integration of the Viessmann acquisition and the execution of the portfolio transformation strategy.

Carrier Global Corporation (CARR) filed an 8-K on July 27, 2023, primarily to announce its second quarter 2023 financial results. The filing itself is brief, consisting mainly of the announcement of the press release containing the detailed results, which is furnished as an exhibit. Investors should refer to the press release (Exhibit 99) for the comprehensive details of the company's performance during the quarter, including revenue, profitability, and any forward-looking guidance provided.