Carrier Reports 12% Revenue Growth in Third Quarter
USA: Carrier Global Corporation reported third-quarter 2026 net sales of USD 6.26 billion (EUR 5.38 billion), an increase of 12% year on year, while organic sales grew by 15%. Total orders increased by approximately 35%, with Commercial HVAC orders rising by around 60% and data centre orders by approximately 300%. The company’s backlog exceeded USD 8.5 billion (EUR 7.30 billion), representing a 60% increase compared with the previous year. Carrier also signed long-term agreements (LTAs) with minimum volume commitments valued at several billion dollars. Adjusted earnings per share increased by 30% to USD 0.87 (EUR 0.75), compared with USD 0.67 (EUR 0.58) in the third quarter of 2025. However, the company recorded a GAAP loss per share of USD 3.16 (EUR 2.71), following a non-cash goodwill impairment charge of USD 3.1 billion (EUR 2.66 billion).
Among the business segments, Climate Solutions Americas recorded a 24% increase in sales, followed by 3% growth in Europe and 2% in Asia Pacific, the Middle East and Africa. Climate Solutions Transportation sales declined by 3%. Cash flow from operating activities reached USD 813 million (EUR 698 million), while free cash flow totalled USD 674 million (EUR 579 million). Carrier revised its full-year 2026 sales forecast to USD 23.8–24.0 billion (EUR 20.4–20.6 billion), with organic sales growth expected to be approximately 10%. Adjusted earnings per share are projected at USD 2.85–2.90 (EUR 2.45–2.49), while free cash flow is expected to reach approximately USD 2 billion (EUR 1.72 billion).
Source: Carrier
