Carrier Global Lifts 2025 Guidance After Q1 Beat

Carrier Global reported first-quarter adjusted earnings per share of $0.65 and net income of $412 million, up from $0.29 per share and $269 million a year earlier, even as revenue declined 4% year-over-year to $5.22 billion. The company raised its full-year adjusted EPS guidance to a range of $3.00–$3.10, driven by robust demand for HVAC products, energy-efficient heat pumps, and aftermarket services. Demand is being supported by climate change concerns, stricter energy regulations, and increased air pollution. Carrier highlighted its success in fully mitigating tariff impacts and attributed its improved profitability to cost reductions and synergies from recent integrations. Strong performance was noted in the Americas, while European demand softened. Shares surged over 11% following the earnings announcement, reflecting investor confidence in the company's 2025 outlook.