Carrier's Board Approves $5 Billion Share Repurchase Authorization
Rhea-AI Summary
Carrier (NYSE: CARR) announced that its Board approved a $5.0 billion share repurchase authorization on October 28, 2025.
This authorization is in addition to an approximate remaining balance of $800 million as of September 30, 2025, bringing the total current repurchase authorization to about $5.8 billion. Repurchases may occur from time to time at the company's discretion in the open market or via public or private transactions and are subject to market conditions, securities laws and regulatory requirements.
Positive
- Board approved a $5.0 billion repurchase authorization
- Total current repurchase authorization of ≈ $5.8 billion (Sep 30, 2025)
- Repurchases may occur in the open market or via private transactions
Negative
- No minimum number of shares required under the authorization
- Board may suspend or terminate the authorization at any time
- Repurchases are subject to market conditions and regulatory compliance
News Market Reaction – CARR
On the day this news was published, CARR gained 0.77%, reflecting a mild positive market reaction. Our momentum scanner triggered 28 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $405M to the company's valuation, bringing the market cap to $53.04B at that time.
Data tracked by StockTitan Argus on the day of publication.
"This authorization reflects confidence in our strategy and commitment to delivering superior value for our shareholders," said Chairman & CEO David Gitlin.
Share repurchases may take place from time to time, subject to among other things, market conditions, share price, compliance with securities laws and regulatory requirements and other factors, and at the company's discretion in the open market or through one or more other public or private transactions. The new authorization is in addition to the remaining balance, as of September 30, 2025, of approximately
Cautionary Statement
This communication contains statements which, to the extent they are not statements of historical or present fact, constitute "forward-looking statements" under the securities laws. These forward-looking statements are intended to provide management's current expectations or plans for Carrier's share repurchase authorization, based on assumptions currently believed to be valid. Forward-looking statements can be identified by the use of words such as "believe," "expect," "expectations," "plans," "strategy," "prospects," "estimate," "project," "target," "anticipate," "will," "should," "see," "guidance," "outlook," "confident," "scenario" and other words of similar meaning in connection with a discussion of future operating or financial performance. All forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements including risks associated with Carrier's share repurchase authorization, including that there is no minimum number of shares that Carrier is required to repurchase thereunder, and that Carrier's board may suspend or terminate the authorization at any time. For additional information on identifying factors that may cause actual results to vary materially from those stated in forward-looking statements, see Carrier's reports on Forms 10-K, 10-Q and 8-K filed with or furnished to the
About Carrier
Carrier Global Corporation, global leader in intelligent climate and energy solutions, is committed to creating innovations that bring comfort, safety and sustainability to life. Through cutting-edge advancements in climate solutions such as temperature control, air quality and transportation, we improve lives, empower critical industries and ensure the safe transport of food, life-saving medicines and more. Since inventing modern air conditioning in 1902, we lead with purpose: enhancing the lives we live and the world we share. We continue to lead because of our world-class, inclusive workforce that puts the customer at the center of everything we do. For more information, visit corporate.carrier.com or follow Carrier on social media at @Carrier.
Carrier. For the World We Share.
CARR-IR
Contact:
Investor Relations
Michael Rednor
561-365-2020
InvestorRelations@Carrier.com
Media Inquiries
Jason Shockley
561-542-0207
Jason.Shockley@Carrier.com
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SOURCE Carrier Global Corporation
FAQ
What did Carrier (CARR) announce on October 28, 2025 about buybacks?
How much total share repurchase authorization does Carrier (CARR) have after the Oct 28, 2025 approval?
Will Carrier (CARR) immediately repurchase a set number of shares after Oct 28, 2025?
How will Carrier (CARR) execute the approved buybacks announced Oct 28, 2025?
Are Carrier's (CARR) repurchases guaranteed after the Oct 28, 2025 authorization?
Where can investors find Carrier (CARR) disclosures related to the Oct 28, 2025 share repurchase?
