financetom
Business
financetom
/
Business
/
Carrier tops quarterly results on strong demand for commercial air conditioning
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Carrier tops quarterly results on strong demand for commercial air conditioning
Jul 29, 2025 4:36 AM

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.

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 >
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved