July 29 (Reuters) - Air conditioner maker Carrier Global ( CARR )
beat analysts' estimates for second-quarter profit and
revenue on Tuesday, benefiting from higher sales to commercial
customers and strong demand for its aftermarket repair services.
Increasing global temperatures fueled by climate change, and
rising air pollution, are sustaining demand for new air
conditioners and air purifiers, as well as for maintenance and
repair of old ones.
The Florida-based company, which makes heating, ventilation
and cooling products, also benefits from robust demand for its
products for cooling data centers used for artificial
intelligence technologies and strong residential demand in the
U.S.
Quarterly net sales of its biggest segment, Climate
Solutions Americas, rose 14% from a year ago, boosted by a 45%
rise in sales to commercial clients.
Total net sales for the quarter ended June 30 rose 3% from a
year ago to $6.11 billion, compared with analysts' average
estimate of $6.09 billion, according to data compiled by LSEG.
Total aftermarket sales for the quarter were up 13%.
On an adjusted basis, it reported a second-quarter profit of
92 cents per share, compared with analysts' estimate of 90 cents
per share.
Carrier also reiterated its full-year 2025 sales forecast of
nearly $23 billion and adjusted profit forecast per share
ranging between $3 and $3.10, both in line with average analyst
expectations.
Shares of the company were down 4.61% in premarket trading.