Carrier Global Q2 Earnings Call Highlights

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Carrier Global (NYSE:CARR) raised its full-year 2026 sales, operating nett and earnings-per-share outlook aft reporting stronger-than-expected second-quarter results, supported by a crisp summation successful orders, grounds backlog and improving request successful residential and airy commercialized HVAC markets.

Chairman and Chief Executive Officer David Gitlin said second-quarter orders accrued astir 40% from a twelvemonth earlier, led by astir 65% maturation successful commercialized HVAC orders. Data halfway orders roseate fourfold twelvemonth implicit year, helping assistance the company's backlog supra $8 billion, up astir 40% from the anterior twelvemonth and 20% sequentially. The backlog excludes orders Carrier expects nether semipermanent agreements with hyperscalers and colocation providers.

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"With beardown orders, grounds backlog levels, and archetypal fractional results being amended than expected, we are raising our afloat twelvemonth guidance connected sales, operating profit, and EPS," Gitlin said.

Second-Quarter Results and Updated Outlook

Carrier reported second-quarter income of $6.4 billion, adjusted operating nett of $1.1 cardinal and adjusted net per stock of $0.86. Organic income accrued 3%, portion adjusted operating borderline was 17.2%, somewhat supra the company's expectations. Free currency travel totaled $810 cardinal during the quarter.

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Chief Financial Officer Patrick Gorris said integrated maturation reflected improving residential and airy commercialized extremity markets successful the Americas and Europe. Adjusted EPS declined 7% from a twelvemonth earlier, however, owed to little operating nett and a higher effectual taxation rate, partially offset by a little stock count.