Carrier Global Corporation
60.75+2.23 (+3.82%)
Oct 29, 4:00:02 PM EDT · NYSE · CARR · USD
Key Stats
Market Cap
51.16BP/E (TTM)
37.97Basic EPS (TTM)
1.60Dividend Yield
0%Recent Filings
8-K
10-Q
8-K
Carrier appoints new Controller
Carrier Global Corporation appointed Beril Yildiz as Vice President, Controller, and Chief Accounting Officer, effective September 22, 2025, ending Patrick Goris's interim role while he continues as CFO. Yildiz, 47, brings extensive experience from IFF, Revlon, Colgate-Palmolive, and PwC, including as a CPA with an Executive MBA. Her package includes $500,000 base salary, 60% target bonus, $470,000 long-term incentives, plus $750,000 sign-on equity and $800,000 cash. This bolsters financial leadership continuity.
10-Q
Q2 FY2025 results
Carrier Global's Q2 FY2025 results showed solid momentum, with net sales climbing 3% year-over-year to $6.1B, driven by 6% organic growth (derived) from robust demand in Climate Solutions Americas, though offset by softer volumes in Europe and Asia. Operating profit surged 25% to $903M, lifting margins to 14.8% amid productivity gains and fading Viessmann integration costs, while diluted EPS from continuing operations rose to $0.70, up 56% y/y and aligning with 866.3M weighted shares. Cash from continuing operations hit $752M YTD, down from $609M last year due to working capital swings, yet free cash flow stood at $608M (derived, operating cash minus $144M capex); total debt eased to $11.4B with $2.5B revolver fully available and no covenant issues. The Viessmann deal, closed Jan 2024 for $14.2B (cash and stock), added $7.6B goodwill and $6.6B intangibles amortized over 1-50 years, fueling European synergies. Still, regulatory pressures from AFFF litigation linger as a key risk.
8-K
Strong Q2 sales, EPS growth
Carrier Global Corporation reported robust Q2 2025 results, with net sales climbing 3% to $6.1 billion and organic sales surging 6%, fueled by 14% growth in Climate Solutions Americas where Commercial sales jumped 45%. Adjusted EPS rose 26% to $0.92, while operating margins expanded 130 basis points to 19.1% on productivity gains, though Transportation sales dropped 25% post-Commercial Refrigeration divestiture. Free cash flow hit $568 million. The company reaffirmed its full-year guidance, targeting $23 billion in sales and 17-21% adjusted EPS growth, yet economic volatility poses risks.
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