Carrier Global updates segment reporting structure in SEC filing

Carrier Global Corporation (NYSE:CARR), a prominent player in the Building Products industry with a market capitalization of $61.2 billion, filed a Form 8-K with the Securities and Exchange Commission on Tuesday to announce updates to its segment reporting structure. According to InvestingPro data, the company has demonstrated strong financial health with a 16.7% revenue growth in the last twelve months. The company stated that it has recast certain financial amounts previously reported in its Annual Report on Form 10-K for the year ended December 31, 2024. These changes align with revisions to Carrier’s reportable segments made during the quarter ended March 31, 2025.

According to the filing, the updated segment structure reflects Carrier’s portfolio transformation and is intended to better represent its business strategy and management reporting. The revised reportable segments are now: Climate Solutions Americas, Climate Solutions Europe, Climate Solutions Asia Pacific Middle East & Africa, and Climate Solutions Transportation. Beginning in fiscal year 2025, Carrier’s chief operating decision maker will use this segment structure for resource allocation and performance assessment.

The company clarified that these recast amounts are being provided in connection with the anticipated filing of certain registration statements and do not represent a restatement or correction of previously issued financial statements. Carrier noted that this update is required by SEC rules when a registrant changes its segment reporting and subsequently files new or amended registration, proxy, or information statements that include or reference financial statements.

The information included in this Form 8-K is for informational purposes only, illustrating the impact of the segment reporting changes. The filing does not amend or restate Carrier’s previously audited consolidated financial statements. For developments after the filing of the 2024 Form 10-K, Carrier referred investors to its Quarterly Reports on Form 10-Q for the quarters ended March 30, 2025, and June 30, 2025.

This information is based on a statement from Carrier Global Corporation’s Form 8-K filed with the SEC.

In other recent news, Carrier Global Corp reported its second-quarter 2025 earnings, surpassing analysts’ expectations. The company achieved an adjusted earnings per share (EPS) of $0.92, slightly above the forecasted $0.91. Revenue for the quarter was in line with predictions, totaling $6.1 billion. These results highlight a steady performance for Carrier Global amid mixed market conditions. Despite the earnings beat, the stock saw a pre-market decline due to investor concerns over certain market challenges. Analysts have not issued any recent upgrades or downgrades for the company. These developments reflect the company’s current financial standing and market reception.

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