Carrier Global Corp reported second-quarter 2026 results with revenue up modestly versus the prior year while net income and diluted EPS declined as margin pressure and a one-time impairment affected profitability.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$6.35B$6.11B3.9% | Net income²$501M$591M(15.2%) | Diluted EPS³$0.6$0.68(11.8%) |
¹ Reported as “Total Net sales”. ² Reported as “Net earnings (loss) attributable to common shareowners”. ³ Reported as “Diluted earnings per share”.
Business Highlights
- Revenue growth of roughly 4% in Q2 (and 3% year-to-date) was driven by organic volume gains across the Americas, Europe and APAC.
- Brand and channel strength came from Carrier, Viessmann, Toshiba and Transicold, with residential and light commercial channels outperforming.
- Gross margin compressed due to higher input costs, tariffs and an unfavorable product mix, partially offset by productivity initiatives and pricing actions.
- The company recorded a $46M impairment in Q2 related to the agreed sale of Riello, which closed July 1, 2026, and continues to pursue divestiture execution.
- Carrier continued capital investment in R&D and digital lifecycle services while focusing on productivity to mitigate cost pressures.
Original SEC Filing:
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