Carrier Global Corp. ( (CARR) ) has released its Q1 earnings. Here is a breakdown of the information Carrier Global Corp. presented to its investors.
Carrier Global Corporation is a leading company in the intelligent climate and energy solutions sector, offering innovative products and services to enhance environmental sustainability. The company is known for its commitment to technological advancements and customer-centric approach.
Carrier Global Corp. reported strong financial results for the first quarter of 2025, with a notable increase in earnings per share and operating margins, despite a slight decline in net sales due to previous divestitures. The company has also raised its full-year adjusted earnings per share guidance, reflecting confidence in its strategic direction.
Key financial highlights include a 147% increase in GAAP EPS to $0.47 and a 27% rise in adjusted EPS to $0.65. The operating margin improved significantly, with a 500 basis point increase in GAAP terms and a 210 basis point rise on an adjusted basis. The company generated $483 million in net cash flows from operating activities and achieved a free cash flow of $420 million. Carrier also returned $1.5 billion to shareholders through share repurchases and dividends while reducing its debt by $1.2 billion.
The Climate Solutions Americas segment saw a 9% increase in net sales, driven by strong performance in the Commercial and Residential sectors. However, the Climate Solutions Europe and Asia Pacific, Middle East & Africa segments experienced declines in sales, attributed to lower volumes and unfavorable market conditions. Despite these challenges, Carrier’s strategic focus on differentiated products and system solutions positions it for future growth.
Looking ahead, Carrier Global Corp. remains optimistic about its growth prospects, supported by a robust backlog and increasing demand for its innovative solutions. The company continues to navigate the dynamic market environment with a proactive approach, aiming to deliver sustainable value to its shareholders.