Quarterly ResultApr 30, 2026, 07:02 AM
CARR Q1 Net Sales +2% to $5.3B; Adj EPS $0.57; Data Center Orders +500%
AI Summary
Carrier Global Corporation reported first-quarter 2026 net sales of $5.3 billion, a 2% increase year-over-year, despite a 1% decline in organic sales. Adjusted EPS was $0.57, down 12% from the prior year, while GAAP EPS was $0.28. The company experienced significant order growth, with data center orders up over 500% and Commercial HVAC orders up 35%, and reaffirmed its full-year outlook.
Key Highlights
- Data center orders surged over 500% in Q1 2026.
- Total company orders increased 11%; Commercial HVAC orders rose 35%.
- Net sales grew 2% to $5.341 billion, with organic sales down 1%.
- Adjusted EPS was $0.57, a 12% decrease year-over-year.
- Free cash flow was negative ($15) million, down from $420 million in Q1 2025.
- Returned approximately $500 million to shareholders via dividends and repurchases.
- Reaffirmed full-year 2026 guidance for sales, adjusted operating profit, adjusted EPS, and free cash flow.
- Climate Solutions Europe (CSE) net sales increased 11% to $1.293 billion.