Carrier Q1 net sales rise 2% as organic sales dip

Carrier Global

30/04/2026 11:10

Overview

US climate and energy solutions provider's Q1 net sales rose 2% while organic sales fell 1%

Adjusted EPS for Q1 declined 12% to $0.57, reflecting lower operating profit

Company returned ~$500 mln to shareholders and reaffirmed full-year outlook

Outlook

Carrier reaffirms 2026 sales guidance of ~$22 bln

Company maintains 2026 adjusted EPS guidance of ~$2.80

Carrier expects ~$250 mln revenue headwind from Riello exit, closing by end of Q2 2026

Result Drivers

CSA RESIDENTIAL WEAKNESS - Lower sales in Americas residential business drove declines in adjusted operating profit and margin

CHINA RLC HEADWINDS - Continued weakness in China residential and light commercial markets weighed on results

COMMERCIAL HVAC ORDERS - Orders in global Commercial HVAC up 35%, with data center orders up over 500%, supporting backlog and future sales

Company press release: ID:nPn7wstHva

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$5.30 bln
Q1 Adjusted EPS
$0.57
Q1 EPS
$0.28
Q1 Adjusted Operating Income
$594 mln
Q1 Free Cash Flow
-$15 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for Carrier Global Corp is $70.00, about 13.4% above its April 29 closing price of $61.74

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)