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Carrier Global beats quarterly profit estimate, raises 2025 forecast amid strong HVAC demand
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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.

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