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NEW YORK - Carrier Global Corporation (NYSE:CARR) saw its shares surge over 7% in early trading on Tuesday after the intelligent climate and energy solutions provider reported better-than-expected fourth-quarter earnings and issued an optimistic forecast for 2025.
The company posted adjusted earnings per share of $0.54 for Q4, surpassing analyst estimates of $0.49. Revenue came in at $5.15 billion, slightly below the consensus of $5.27 billion but representing a 19% YoY increase, including 6% organic growth.
Carrier’s Q4 sales were driven by an 11% organic growth in its HVAC segment, with strong performance in Americas commercial and North America residential markets. However, the Refrigeration segment saw a 6% organic decline, primarily due to weakness in North America truck and trailer sales.
For the full year 2025, Carrier projects adjusted EPS of $2.95-$3.05, compared to analyst expectations of $2.99. The company anticipates revenue between $22.5-23 billion, in line with the $22.95 billion consensus estimate.
"We capped a transformational year for Carrier with robust fourth quarter financial results including 6% organic growth, significant adjusted operating profit margin expansion of 370 basis points and 50% adjusted EPS growth," said Carrier Chairman & CEO David Gitlin.
The company’s strong performance and positive outlook appear to have resonated with investors, as evidenced by the significant stock price increase following the earnings release.
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