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Highlights

  • CARR posted a 3.0% YoY revenue rise to USD 6.1 billion in Q2FY25, though net profit fell 74.7% due to lower discontinued operations gains.
  • CARR upgraded its Abound app with AI-driven insights, a To-Do List, health dashboard, and leak detection to improve equipment management.
  • CARR has reaffirmed FY25 guidance with USD 23 billion in sales, 17–21% EPS growth, and USD 2.4–2.6 billion in free cash flow.

Carrier Global Corporation (NYSE: CARR) provides intelligent, digitally enabled climate and energy solutions across four segments serving residential and commercial HVAC needs in the Americas, Europe, Asia Pacific, the Middle East and Africa, and offering global transport refrigeration and monitoring systems for trucks, trailers, containers, intermodal, and rail.

In the second quarter of the financial year 2025 (Q2FY25), CARR’s total revenue rose by 3.0 YoY to USD 6,113.0 million, driven by increased sales across both the Product and Services segments. The company reported a net profit of USD 591.0 million, down 74.7% YoY from USD 2,337.0 million in Q2FY24, primarily due to decreased returns from discontinued operations gains recorded in the prior-year quarter. Cash from operating activities increased by 61.7% YoY to USD 1,132.0 million, due to earnings from discontinued operations in Q2FY24, partially offset by reduced net income. However, cash and cash equivalents declined by 54.7% YoY to USD 1,797.0 million, mainly due to outflows from investing and financing activities, partially offset by inflows from operating activities.

Recent Business Update

Carrier Global Corporation has enhanced its Abound Insights Assistant app with AI-driven insights across 25+ equipment categories, including HVAC and refrigeration, to help building managers proactively manage operations. The update adds a ‘To-Do List,’ equipment health dashboard, and quick filters, offering actionable alerts like refrigerant leak detection and detailed repair guidance to improve efficiency and prevent failures.

Carrier Global Corporation declared a quarterly dividend of USD 0.225 per share, payable on August 8, 2025, to shareholders of record as of July 21, 2025.

Company Outlook

Carrier Global Corporation reaffirmed its full-year 2025 guidance, projecting approximately USD 23 billion in sales, with mid-single-digit organic growth offset by a USD 750 million impact from the Q4FY24 Commercial Refrigeration divestiture and a 3% reduction from other divestitures, partially aided by a 1% foreign exchange tailwind. The company expects an adjusted operating margin of 16.5% to 17.0%, reflecting a 100-basis point year-on-year improvement driven by operational strength and productivity gains.

Adjusted earnings per share are forecasted between USD 3.00 and USD 3.10, indicating 17–21% growth, supported by decent Q2FY25 results, including 6% organic sales growth and a 130-basis point increase in margin to 19.1%. Free cash flow is expected in the range of USD 2.4–2.6 billion, factoring in both ongoing and discontinued operations despite macroeconomic headwinds and recent acquisition integration risks.

Top 10 shareholders

Top 10 shareholders of CARR collectively own around 50.99% of the company's total shares, reflecting a concentrated ownership pattern. The Vanguard Group, Inc. and Capital Research Global Investors hold the largest stakes at 10.80% and 9.38%, respectively.

Stock Information

The stock has recorded a decrease of approximately 7.64% over the past month and an increase of around 4.01% over the past six months. Moreover, it is trading above the average 52-week high price of USD 83.32 and 52-week low price of USD 54.22 with a closing price at USD 68.62  on  July 31 2025.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 31 July 2025. The reference data in this report has been partly sourced from EODHD/Others.

Technical Indicators Defined

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.