Carrier Global posts 12% Q3 sales growth, beats EPS, raises full‑year outlook
Carrier Global reported third‑quarter 2026 revenue of $6.263 billion, up 12% year‑over‑year, with adjusted earnings of $0.87 per share. The company recorded a $3.1 billion goodwill impairment that drove a GAAP loss of $3.16 per share, but posted free cash flow of $674 million and a record backlog exceeding $8.5 billion. It raised its full‑year 2026 revenue guidance to $23.8‑$24.0 billion and adjusted EPS guidance to $2.85‑$2.90, and said it expects double‑digit organic sales and adjusted EPS growth for the year.
Why it matters
The company expects double‑digit organic sales and adjusted EPS growth in 2026, which could lift earnings expectations for shareholders (the company says). It also plans to return about $2.3 billion to shareholders in 2026, indicating strong cash generation.
Key facts
- 1Q3 2026 net sales were $6,263 million, up 12% YoY. sec.gov
- 2Organic sales grew 15% YoY. sec.gov
- 3Adjusted EPS for the quarter was $0.87. sec.gov
- 4GAAP diluted EPS was a loss of $3.16 per share. sec.gov
- 5The company recorded a $3.1 billion goodwill impairment charge. sec.gov
- 6Record backlog exceeded $8.5 billion, up about 60% YoY. sec.gov
Summary written by AlphAI AI Desk from 15 of 15 sources. Not investment advice. Figures are as stated by the linked sources.