Carrier Reports Strong First Quarter 2025 Results

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]