Carrier Global Corp. (CARR)

Carrier's stock price declined by approximately 26.90% between September 30, 2024, and September 26, 2025. In Q2 2025, Carrier reported a profit of $0.92 per share, surpassing estimates, with revenue slightly above expectations. Carrier projected a sharp downturn in its North American residential HVAC business for Q3 2025, leading to cost-control measures. In Q3 CY2024, Carrier Global fell short of market expectations, and full-year revenue guidance for 2025 was also lower than analysts' estimates. Several brokerages have adjusted their price targets and ratings for CARR. Carrier has undergone a portfolio transformation since becoming an independent company in 2020, including twelve acquisitions and divestitures over the past year.

Demand for Carrier Global Corp.'s products and services exhibits seasonality, influenced by climate and economic factors. Increasing global temperatures and rising air pollution contribute to sustained demand for air conditioners and air purifiers. While residential demand in the U.S. has been robust, a downturn is projected for Q3 2025. Carrier's commercial HVAC business is experiencing strong demand, particularly from data centers. In Europe, demand for heat pumps continues to grow. Aftermarket services consistently show strong performance.

Carrier Global Corporation specializes in intelligent climate and energy solutions, operating in the Industrial Goods and Machinery sector. Its core business includes HVAC, refrigeration, fire and security, and building automation technologies. The company offers a range of products and services, including HVAC systems, refrigeration solutions, fire and security systems, and aftermarket services. Carrier's brands include Carrier, Viessmann, Toshiba and others.

Carrier Global Corporation has a significant global presence, serving customers in over 160 countries across six continents. Net sales are distributed geographically with the United States accounting for 50.2%, Europe 29.7%, and Asia/Pacific 17%, with other regions making up 3.1%.

Carrier Global Corporation maintains a strong brand reputation, emphasizing innovation, sustainability, and customer-centric solutions. Carrier rebranded its global command centers as "Carrier Customer Command Centers" to improve energy efficiency and equipment uptime. The company is committed to developing energy-efficient and environmentally friendly products and aims for carbon neutrality by 2030. Carrier's Healthy Building product portfolio gained prominence for improving indoor air quality.

Carrier Global Corporation's stock ownership is primarily held by institutional investors, who collectively own approximately 67.36% to 91.00% of the company's stock. Insiders hold about 6.03%, and individual investors own between 3.21% and 23.40%. Major institutional owners include Vanguard Group Inc., Capital Research Global Investors and BlackRock, Inc.