Exhibit 99.1 Carrier's first quarter sales of $5.2 billion were down 4% compared to the prior year. Organic sales growth of 2% was offset by a 5% headwind from net acquisitions and divestitures, driven by the sale of Commercial Refrigeration in Q4 2024. Foreign currency translation was a 1% headwind to sales growth. GAAP operating profit in the quarter of $629 million was up 63% from last year driven by operational performance, the absence of VCS backlog and inventory step-up amortization and decrease in ac ...

Core Insights - Carrier Global Corporation reported strong financial results for Q1 2025, with adjusted EPS growth of 27% and increased full-year guidance [1][2][20] - The company experienced a 2% organic sales growth, with total company orders up in the high-single digits and backlogs increasing over 15% sequentially [2][4] Financial Performance - Total net sales for Q1 2025 were $5.218 billion, down 4% from $5.420 billion in Q1 2024, primarily due to divestitures [3][7] - Adjusted operating profit increased by 10% to $843 million, while GAAP operating profit rose 63% to $629 million [4][7] - The diluted earnings per share from continuing operations were $0.47, up 147%, and adjusted EPS was $0.65, up 27% [4][7] Segment Performance - Climate Solutions Americas (CSA) reported net sales of $2.572 billion, a 9% increase, with organic sales also up 9% [6][8] - Climate Solutions Europe (CSE) saw a 10% decline in net sales to $1.169 billion, with organic sales down 7% [10][11] - Climate Solutions Asia Pacific, Middle East & Africa (CSAME) had net sales of $826 million, down 7%, with organic sales decreasing by 6% [13][14] - Climate Solutions Transportation (CST) reported a 26% decline in net sales to $651 million, with organic sales growth of 2% [16][17] Cash Flow and Shareholder Returns - Net cash flows from operating activities were $483 million, with free cash flow of $420 million [18][19] - The company returned $1.5 billion to shareholders through share repurchases and dividends while paying down $1.2 billion in debt [19][20] Full-Year Guidance - Carrier increased its full-year 2025 adjusted EPS guidance to a range of $3.00 to $3.10, reflecting a year-over-year growth of approximately 17-21% [20][21] - The company anticipates organic sales growth in the mid-single digits and expects free cash flow between $2.4 billion and $2.6 billion [20][21]

Group 1 - Carrier Global Corporation has been named a finalist in the Digital Supply Chain category of the 2025 Manufacturing Leadership Awards [1] - The company is utilizing digital technologies to digitize its supply chain and inventory management, particularly in its HVAC business unit, to address post-pandemic inventory challenges [2] - The implementation of digital tools like LeanDNA has provided Carrier with real-time visibility and actionable insights, leading to reduced shortages and optimized inventory levels [2][3] Group 2 - Carrier's collaboration with LeanDNA has transformed its inventory management processes, enhancing operational excellence and customer value [3] - The partnership has demonstrated rapid, measurable results in optimizing inventory and driving efficiency within Carrier's HVAC business [3] - Both Carrier and LeanDNA will be recognized at the Manufacturing Leadership Awards Gala on June 18, 2025 [4] Group 3 - Carrier is committed to digital innovation and aims to build a more resilient, efficient, and customer-centric supply chain [3] - LeanDNA is a leading intelligent supply chain execution platform that helps manufacturers improve on-time delivery and working capital levels through enhanced visibility and collaboration [6]

Core Viewpoint - Carrier Global (CARR) is expected to report a decline in both earnings and revenues for the first quarter of 2025, with earnings estimated at 57 cents per share, reflecting an 8.06% year-over-year decrease, and revenues projected at $5.11 billion, indicating a 17.4% decline [1]. Group 1: Earnings and Revenue Estimates - The Zacks Consensus Estimate for first-quarter earnings is 57 cents per share, unchanged over the past 30 days, suggesting a year-over-year decline of 8.06% [1]. - The Zacks Consensus Estimate for revenues is pegged at $5.11 billion, indicating a 17.4% year-over-year decline [1]. Group 2: Recent Performance Trends - Carrier Global has consistently surpassed the Zacks Consensus Estimate in the past four quarters, with an average surprise of 8.68% [2]. - The HVAC segment is expected to contribute to top-line growth, driven by strong demand for heating and cooling systems in residential and commercial applications [3]. Group 3: Segment Performance Insights - The Zacks Consensus Estimate for first-quarter 2025 HVAC revenues is $4.32 billion, indicating a decline of 4.87% year-over-year [4]. - Residential HVAC orders in North America increased approximately 10-15% year-over-year in Q4 2024, with global commercial HVAC orders also up 10%, trends likely to continue in Q1 [4]. - The aftermarket segment has shown consistent double-digit growth, expected to continue in the upcoming quarter [5]. Group 4: Market Opportunities and Challenges - The data center market is anticipated to grow significantly due to increased heat generation from AI chips, with Carrier Global aiming to capitalize on this growth [6]. - The integration of Viessmann Climate Solutions is expected to enhance Carrier's capabilities in heat pump technology and sustainable solutions [6]. - Weakness in Europe and China, along with softness in commercial refrigeration, is expected to negatively impact Carrier's performance in the upcoming quarter [7]. Group 5: Earnings Prediction Model - Carrier Global has an Earnings ESP of +0.63% and a Zacks Rank of 3, indicating a moderate chance of an earnings beat [8].

Core Viewpoint - Carrier Global Corporation is set to release its first quarter 2025 earnings on May 1, 2025, and will host a conference call and webcast at 7:30 a.m. ET [1]. Group 1 - The earnings call will be accessible via a pre-registration process, allowing participants to receive dial-in information and a PIN for live access [2]. - A recording of the earnings call will be archived and available for replay on the company's investor relations website [2]. Group 2 - Carrier Global Corporation is recognized as a global leader in intelligent climate and energy solutions, focusing on creating impactful solutions for people and the planet [3]. - The company emphasizes its commitment to innovation and customer-centric approaches, supported by a diverse workforce [3].

Core Insights - Carrier Global Corporation has been recognized as one of 'America's Climate Leaders' by USA Today for its significant efforts in reducing greenhouse gas emissions [1][2] - The recognition is based on a ranking that evaluated U.S. companies for the greatest reduction in emissions intensity from 2021 to 2023, measured by greenhouse gas emissions relative to revenue [2] Company Commitment - Carrier is focused on innovation in sustainable HVAC, cold chain, and energy management solutions, emphasizing its commitment to sustainability for future generations [2] - The company aims to enhance optimization, system integration, and grid resilience, which not only supports sustainability goals but also helps reduce energy costs for households and businesses [3] Industry Position - As the largest U.S.-headquartered company in the HVAC and refrigeration industry, Carrier plays a pivotal role in driving progress within the built environment [3]

Group 1 - Carrier Global Corporation participated in the Bank of America Global Industrials Conference, highlighting its significant presence and engagement in the industry [1][2] - The company showcased its strong performance at the ISH Show in Frankfurt, attracting over 100,000 visitors to its booth, indicating robust interest in its offerings [3] - Carrier's vision is to be the global leader in intelligent climate energy solutions, emphasizing its commitment to sustainability and innovation in energy solutions [4]

Core Insights - Carrier Global Corporation has launched Lynx FacTOR, a SaaS solution aimed at transforming product release processes in the pharmaceutical industry, focusing on automation and regulatory compliance [1][3][4] Industry Challenges - Pharmaceutical companies face significant challenges in maintaining product integrity during distribution, including manual processes, costly delays, and strict compliance requirements, which can lead to inefficiencies costing millions annually [2][3] Solution Features - Lynx FacTOR provides a single source of truth throughout the pharmaceutical distribution lifecycle, automating product viability evaluations and reducing assessment times from days to minutes, thereby enhancing decision-making and compliance [3][5] - The solution streamlines the product stability assessment process, improves regulatory compliance, and enhances accuracy across the supply chain [7] Operational Benefits - By digitizing workflows and automating complex analyses, Lynx FacTOR accelerates the distribution of critical medicines and improves overall operational efficiency [5][6] - The solution enables real-time insights and informed decision-making, minimizing risks associated with product viability and stability [7] Availability - Lynx FacTOR is available as a subscription through Sensitech, a Carrier company, and will be showcased at LogiPharma 2025 in Lyon, France [6]

Core Insights - Carrier has launched its first Environmental Product Declaration (EPD) for residential HVAC solutions in North America, emphasizing its commitment to sustainability and transparency in environmental performance [1][3] - The EPD is based on a rigorous life cycle assessment (LCA) methodology, detailing the environmental impacts of Carrier's Comfort™ Fan Coil and Performance™ Variable-Speed Compact Heat Pump, including metrics on carbon dioxide performance, energy consumption, and natural resource usage [2][3] - Carrier aims to invest $4 billion in innovative climate and energy solutions to reduce environmental impacts and help customers avoid over 1 gigaton of greenhouse gas emissions by 2030 [3] Company Initiatives - The publication of the EPD aligns with Carrier's strategy to meet increasing consumer demand for environmentally conscious HVAC products, providing detailed environmental impact information to empower customers [4] - Carrier has been recognized as a Green Builder Media 2024 Eco-Leader for its sustainability transparency, having published 48 EPDs for HVAC products globally [4] Industry Context - The EPD follows established international standards, including ISO 14025, enhancing the credibility and consistency of the environmental data provided [3] - The initiative supports green building efforts and reflects a broader trend in the HVAC industry towards sustainability and responsible environmental practices [4]

Group 1 - Carrier Global Corporation will participate in the Bank of America Global Industrials Conference on March 20, 2025, at 4:50 a.m. ET [1] - The event will feature Chairman & CEO David Gitlin and Senior Vice President & CFO Patrick Goris as speakers [1] - The conference will be broadcast live and a replay will be available on the company's website [1] Group 2 - Carrier Global Corporation is a global leader in intelligent climate and energy solutions [2] - The company is committed to creating impactful solutions for people and the planet for future generations [2] - Carrier has a diverse workforce focused on customer-centric innovation and technology development [2]