Quarterly ResultOct 29, 2026, 07:31 AM
Carrier Global Q3 Sales Up 12% to $6.26B; Sees $3.1B Impairment Charge
AI Summary
Carrier Global Corporation announced its third quarter 2026 results, reporting a 12% increase in net sales to $6.263 billion and a 30% rise in adjusted EPS to $0.87. The company saw significant growth in orders, up approximately 35% overall, driven by a ~60% increase in Commercial HVAC orders, leading to a record backlog exceeding $8.5 billion. Despite strong operational performance and positive outlook with revised full-year guidance, Carrier recorded a substantial $3.1 billion goodwill impairment charge related to its Climate Solutions Europe segment.
Key Highlights
- Carrier Global Corporation reported Q3 2026 net sales of $6.263 billion, a 12% increase year-over-year.
- Adjusted EPS for Q3 2026 was $0.87, up 30% from $0.67 in Q3 2025.
- Total company orders increased approximately 35% in Q3 2026, with Commercial HVAC orders up ~60%.
- The company reported a record backlog of over $8.5 billion.
- Net cash flows from operating activities were $813 million, and free cash flow was $674 million in Q3 2026.
- Carrier recorded a $3.1 billion goodwill impairment charge related to its Climate Solutions Europe reporting unit.
- Full-year 2026 guidance revised upwards for sales to nearly $24 billion, with organic growth of approximately 10%.
Price Impact
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