Carrier Global Corporation reported a net sales figure of $21.7 billion for the fiscal year ending December 31, 2025, reflecting a 3% decrease from the previous year's sales of $22.5 billion. The company's operating profit also declined, falling to $2.2 billion from $2.6 billion in 2024, marking an 18% decrease. The decline in revenue was attributed to reduced demand in certain end-markets, particularly within the Climate Solutions Americas segment, which saw a 1% decrease in sales. The company noted that while organic sales decreased by 1%, foreign currency translation positively impacted sales by 1%, but acquisitions and divestitures had a net negative impact of 3%.
In terms of strategic developments, Carrier completed the acquisition of the climate solutions business from Viessmann Group on January 2, 2024, for a total consideration of approximately $14.2 billion. This acquisition is expected to enhance Carrier's portfolio with sustainable and innovative building and energy management solutions. Additionally, the company divested its Riello business to Ariston Group for expected gross proceeds of $430 million, with the transaction anticipated to close in the first half of 2026. These moves are part of Carrier's broader strategy to simplify its business portfolio and focus on becoming a pure-play climate and energy solutions provider.
Operationally, Carrier's workforce stood at approximately 47,000 employees as of December 31, 2025, with a significant presence in the Americas, Europe, and Asia Pacific. The company reported that its international operations accounted for about 52% of total net sales, indicating a strong global footprint. The Climate Solutions Americas segment generated $10.5 billion in sales, while the Climate Solutions Europe segment contributed $5.0 billion. The Climate Solutions Transportation segment reported a 17% decrease in sales to $2.9 billion, primarily due to the divestiture of its Commercial Refrigeration business.
Looking ahead, Carrier's management expressed confidence in the company's ability to navigate current market conditions and capitalize on favorable secular trends, including urbanization and increasing demand for climate control solutions. The company has set ambitious sustainability goals, including a commitment to invest over $4 billion by 2030 to develop intelligent climate and energy solutions aimed at reducing environmental impacts. Carrier's strategic focus on innovation and digital solutions is expected to drive future growth, despite the challenges posed by fluctuating market conditions and economic uncertainties.
About CARRIER GLOBAL Corp
Carrier Global Corporation is a global leader in intelligent climate and energy solutions, offering innovative HVAC, refrigeration, and cold chain transportation products and services. Its portfolio includes heating, cooling, ventilation, building automation, and cold chain monitoring systems, serving residential, commercial, industrial, and transportation markets worldwide. Carrier’s business model emphasizes digitally-enabled lifecycle solutions, energy efficiency, sustainability, and aftermarket services, supported by strong brands and strategic partnerships.
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