Carrier Global Corp (NYSE:CARR) reported better-than-expected first-quarter financial results and reaffirmed FY26 adjusted EPS and sales guidance above estimates on Thursday.
Carrier Global reported quarterly earnings of 57 cents per share which beat the analyst consensus estimate of 51 cents per share. The company reported quarterly sales of $5.341 billion which beat the analyst consensus estimate of $5.008 billion.
“We started the year with better-than-expected sales performance across the portfolio,” said Carrier Chairman & CEO David Gitlin. “Orders in our global Commercial HVAC1 business increased 35%, helped by data centers which were up over 500% in the quarter. The strong double-digit sequential increase in Commercial HVAC backlog gives us the confidence to drive our sixth consecutive year of double-digit growth in this business. …