Quarterly ResultApr 30, 2026, 03:22 PM
CARR Q1 Net Earnings $238M, -42%; Diluted EPS $0.28, -40%
AI Summary
CARRIER GLOBAL Corp reported a significant decline in Q1 2026 net earnings and diluted EPS, despite a modest increase in total net sales. Net earnings attributable to common shareowners fell 42.2% to $238M, with diluted EPS decreasing 40.4% to $0.28. Operating profit also saw a substantial drop, while restructuring costs increased sharply. The company continues with its share repurchase program and is progressing with the divestment of its Riello business.
Key Highlights
- Net earnings attributable to common shareowners were $238M, a 42.2% decrease YoY.
- Diluted EPS was $0.28, a 40.4% decrease compared to $0.47 in Q1 2025.
- Total Net sales increased 2.4% to $5,341M from $5,218M in Q1 2025.
- Operating profit significantly decreased to $259M from $629M in Q1 2025.
- Restructuring costs surged to $108M in Q1 2026, up from $8M in Q1 2025.
- Net cash flows from operating activities were $79M, down from $483M YoY.
- The company repurchased 5.0M shares for $306M during Q1 2026.
- Sale of Riello business is expected to generate gross proceeds of approximately $430M.
Price Impact
More from CARR