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.