Carrier Beats Q1 Adjusted EPS, Revenue on 6x Data-Center Sales Surge; Reaffirms 2026 Outlook
CARR sits 26% above its 52-week low of $50.24.
Summary
Carrier Global reported strong first-quarter results, with adjusted earnings per share of 57 cents significantly beating analyst estimates of 51 cents, and revenue of $5.34 billion surpassing the $5.02 billion consensus. While GAAP net income declined due to higher costs, the company reaffirmed its 2026 adjusted EPS guidance of $2.80 and sales outlook of $22 billion, aligning with Wall Street expectations. The impressive six-fold increase in data-center cooling sales was a major highlight, driving 35% growth in commercial HVAC revenue and effectively offsetting a slump in residential air conditioning demand. This performance indicates robust demand in a key growth segment and provides confidence in the company's full-year projections, despite some underlying cost pressures.
At the time of this announcement, CARR was trading at $63.18 on NYSE in the Manufacturing sector, with a market capitalization of approximately $51.6B. The 52-week trading range was $50.24 to $81.09. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.