Carrier Global Corporation Reports Q2 2025 Financial Results with 3% Sales Increase

Carrier Global Corporation reported its financial results for the second quarter of 2025, revealing a net sales figure of $6.113 billion, a 3% increase from $5.934 billion in the same period last year. The company's operating profit rose significantly to $903 million, up 25% from $724 million in the prior year. However, net earnings attributable to common shareholders decreased to $591 million, compared to $2.337 billion in the second quarter of 2024, largely due to the absence of substantial gains from discontinued operations that were recorded in the previous year.

In the first half of 2025, Carrier's total net sales remained relatively flat at $11.331 billion, slightly down from $11.354 billion in the first half of 2024. The company experienced a 4% organic sales growth, primarily driven by strong demand in the Climate Solutions Americas segment. However, this was offset by a decline in sales from the Climate Solutions Europe and Asia Pacific segments, reflecting ongoing economic challenges in those regions. The operating profit for the first half increased to $1.532 billion, a 38% rise from $1.109 billion in the same period last year.

Strategically, Carrier has undergone significant portfolio transformations, including the acquisition of the Viessmann climate solutions business for $14.2 billion in January 2024, which has expanded its offerings in sustainable HVAC solutions. The company also divested several businesses, including its Commercial and Residential Fire and Access Solutions segments, as part of a strategy to focus on its core climate and energy solutions. This restructuring has led to a revised segment reporting structure, now comprising Climate Solutions Americas, Europe, Asia Pacific, and Transportation.

Operationally, Carrier reported a total employee headcount of approximately 60,000 as of June 30, 2025, reflecting a slight increase from the previous year. The company has also focused on enhancing its product offerings, with a notable increase in customer engagement metrics, particularly in the Americas, where demand for HVAC solutions has remained strong. The company anticipates continued growth driven by favorable market trends, including urbanization and energy efficiency demands.

Looking ahead, Carrier expects to mitigate potential impacts from tariffs and inflation through strategic pricing actions and operational efficiencies. The company remains committed to investing in innovation and expanding its market presence, particularly in the growing sectors of sustainable energy solutions. Carrier's management expressed confidence in the company's ability to navigate current economic challenges while delivering long-term value to shareholders.