financetom
Business
financetom
/
Business
/
Carrier Global beats quarterly profit estimate, raises 2025 forecast amid strong HVAC demand
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Carrier Global beats quarterly profit estimate, raises 2025 forecast amid strong HVAC demand
May 25, 2025 11:09 PM

May 1 (Reuters) - Carrier Global ( CARR ) beat the

analysts' estimate for first-quarter profit on Thursday, and

raised its 2025 forecast, anticipating strong demand for its

heating, ventilating and air conditioning (HVAC) products and

aftermarket repair services.

Increasing global temperatures fueled by climate change and

rising levels of air pollution have aided demand for air

conditioners and air purifiers.

The company has also benefited from the rapid adoption of

energy-efficient heat pumps as more buildings are now required

to meet energy regulations.

Earlier this week, peer Trane Tech ( TT ) also beat

quarterly estimates on strong demand for air conditioning.

Carrier also said it was "fully mitigating" the impact of

tariffs in effect.

The Florida-based company reported first-quarter adjusted

earnings of 65 cents per share, compared with 51 cents per share

a year earlier.

Analysts on average expected earnings of 58 cents per share,

according to data compiled by LSEG.

Carrier expects full-year 2025 adjusted profit to be in the

range of $3.00 to $3.10 per share, compared to the prior

forecast range of $2.95 to $3.05 per share.

Analysts on average expected 2025 earnings of $2.98 per

share.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
National Bank Q3 Earnings, Revenue Rise
National Bank Q3 Earnings, Revenue Rise
Oct 21, 2025
05:44 PM EDT, 10/21/2025 (MT Newswires) -- National Bank ( NBHC ) reported adjusted Q3 earnings late Tuesday of $0.96 per diluted share, up from $0.86 a year earlier. Analysts polled by FactSet expected $0.85. Revenue, expressed as the sum of net interest income and total noninterest income, for the quarter ended Sep. 30 was $108.9 million, up from $106.0...
Sagicor Financial Company Receives Ratings Upgrade from Fitch
Sagicor Financial Company Receives Ratings Upgrade from Fitch
Oct 21, 2025
05:20 PM EDT, 10/21/2025 (MT Newswires) -- Sagicor Financial ( SGCFF ) on Tuesday said global credit-rating agency Fitch Ratings upgraded its Long-Term Issuer Default Rating to BBB from BBB- and its senior unsecured debt rating to BBB- from BB+, while stating the outlook remains Stable. The company said Fitch cited Sagicor's strengthened core profitability, the second year of consolidated...
5PM Hourly update
5PM Hourly update
Oct 21, 2025
Please add/update the following to the Reuters Daybook for Wednesday, October 22: UPDATES WITH ROOM CHANGE SENATE ENVIRONMENT AND PUBLIC WORKS -- 10 a.m. -- Holds a hearing on the nominations of: Mitch Graves, Jeff Hagood, Randall Jones, and Arthur Graham to be members of the Board of Directors at the Tennessee Valley Authority ( TVC ) . The nominees...
Alector's Latozinemab Fails in Phase 3 Dementia Trial; Workforce Cut by 49%; Shares Fall After Hours
Alector's Latozinemab Fails in Phase 3 Dementia Trial; Workforce Cut by 49%; Shares Fall After Hours
Oct 21, 2025
05:44 PM EDT, 10/21/2025 (MT Newswires) -- Alector ( ALEC ) said Tuesday that its Phase 3 trial of latozinemab in frontotemporal dementia caused by a progranulin gene mutation failed to meet its primary clinical endpoint. The company will halt the continuation study for latozinemab and reduce its workforce by 49%. Sara Kenkare-Mitra, president and head of research and development,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved