Carrier Global Corp Ordinary Shares

CARR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Carrier Earnings: 2025 EPS Guidance Raised After Strong First Quarter; Tariff Risk Quite Manageable

Brian Bernard

May 1, 2025

Carrier's first-quarter organic revenue grew 2% year over year, and adjusted operating margin expanded 210 basis points to 16.2%. The firm resegmented its financials after several divestitures last year. Sales growth was led by the new Climate Solutions Americas segment, with 9% organic growth.

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Carrier Global Corp Ordinary Shares

Carrier Earnings: 2025 EPS Guidance Raised After Strong First Quarter; Tariff Risk Quite Manageable

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