Company Description
Carrier Global Corporation (NYSE: CARR) is a manufacturing company focused on intelligent climate and energy solutions. According to the company, it is committed to creating innovations that bring comfort, safety and sustainability to life, with climate solutions that cover temperature control, air quality and transportation. Carrier states that these solutions help improve lives, support critical industries and enable the safe transport of food, life‑saving medicines and other sensitive goods.
Carrier operates in the air-conditioning, heating and refrigeration equipment manufacturing industry. Based on available information, its offerings include HVAC and refrigeration products and related services that serve residential, commercial and transportation markets globally. Its portfolio includes brands such as Carrier, Viessmann, Toshiba, Automated Logic and Carrier Transicold. These brands are associated with products like air purifiers, air conditioners, heat pumps, thermostats, boilers, furnaces and chillers, as well as building-management and control systems.
The company reports that it improves building and environmental performance through climate solutions such as temperature control and air quality management. Carrier highlights its role in empowering critical industries and supporting logistics through transportation-focused climate systems that help maintain required conditions for cargo, including food and pharmaceuticals. The company describes itself as a global leader in intelligent climate and energy solutions and emphasizes a purpose of enhancing the lives people live and the world they share.
Business segments and operations
Carrier’s operations are conducted through reportable segments that focus on climate solutions. According to its financial disclosures, these include Climate Solutions Americas (CSA), Climate Solutions Europe (CSE), Climate Solutions Asia Pacific, Middle East & Africa (CSAME) and Climate Solutions Transportation (CST). Earlier disclosures also reference HVAC and Refrigeration segments, with HVAC identified as the segment that generated the maximum revenue and Refrigeration as a separate reportable segment.
The Climate Solutions segments address different geographic markets. CSA focuses on the Americas, CSE on Europe, CSAME on Asia Pacific, the Middle East and Africa, and CST on transportation-related climate solutions. Within these segments, Carrier reports activity in residential, light commercial and commercial HVAC, as well as transportation-related applications such as container, truck and trailer refrigeration. The company’s segment reporting indicates that it generates revenue from both product and service offerings.
Carrier’s disclosures note that it has experienced differing trends across its segments and end markets. For example, the company has reported strength in Commercial HVAC in the Americas and data center-related activity, while also noting weaker residential end markets in certain periods. In transportation, it has reported growth in container-related activity, with different dynamics in global truck and trailer markets. These variations are reflected in segment-level net sales and operating margins reported in its financial results.
Products, services and brands
According to third-party and company-provided descriptions, Carrier provides HVAC and refrigeration products and services that serve residential, commercial and transportation markets globally. Its portfolio includes brands such as Carrier, Viessmann, Toshiba, Automated Logic and Carrier Transicold. These brands are associated with products like air purifiers, air conditioners, heat pumps, thermostats, boilers, furnaces and chillers. In addition to equipment, Carrier also provides building-related services, including audit, design, installation, system integration, repair, maintenance and monitoring.
Automated Logic, which is part of Carrier, provides building-management solutions that control and monitor building functions such as heating, air conditioning and lighting for commercial office, education, health care, government and data center markets through a global network of independent dealers and North American branch offices. Automated Logic Contracting Services, Inc. has also expanded its presence by acquiring assets of CCG Automation, Inc., a provider of building automation systems for complex facilities in sectors such as healthcare, education, government, commercial real estate and manufacturing.
Carrier Ventures, another part of the company’s activities, has made strategic investments in areas aligned with its climate and energy solutions focus. For example, Carrier Ventures has invested in Net Feasa, a company focused on wireless IoT connectivity and vessel network technology that enables real-time container visibility at sea. This investment supports Carrier’s emphasis on intelligent, connected cold chain solutions and visibility across the logistics chain, including during maritime transport.
Innovation and technology focus
Carrier emphasizes its role in advancing climate and energy technologies. The company describes its work as involving cutting-edge advancements in climate solutions such as temperature control, air quality and transportation. It highlights participation in programs like the U.S. Department of Energy’s Commercial Building HVAC Technology Challenge, where it has launched commercial field trials for next-generation rooftop heat pump technology designed for broad commercial adoption. Carrier reports that these rooftop heat pump systems have undergone lab verification testing and field trials, with performance benchmarks related to cold-climate operation and efficiency thresholds.
In addition, Carrier notes that its rooftop heat pump systems have been tested by organizations such as the U.S. Department of Energy, Oak Ridge National Laboratory and the National Renewable Energy Laboratory. These tests have evaluated metrics such as heating capacity at low outdoor temperatures and efficiency measures, with results that the company states meet or exceed specified thresholds for certain commercial HVAC applications.
Corporate profile and capital allocation
Carrier Global Corporation is listed on the New York Stock Exchange under the ticker symbol CARR. The company has communicated a focus on disciplined and balanced capital allocation. It has disclosed actions such as share repurchases and dividend increases, as well as portfolio management decisions including divestitures and acquisitions.
For example, Carrier’s Board of Directors has approved a share repurchase authorization, with an increase of $5 billion to its existing authorization, resulting in a total current repurchase authorization of approximately $5.8 billion as of a specified date. The company has also reported returning capital to shareholders through share repurchases and dividends, and has announced increases in its quarterly dividend per share since its spin as an independent company in early 2020.
Carrier has also entered into a definitive agreement to sell its Riello business to Ariston Group, describing this as part of its portfolio management and focus on differentiated climate and energy solutions. The company has indicated that it expects to use proceeds from such transactions for general corporate purposes, including share repurchases, consistent with its capital allocation priorities.
Financial reporting and segments
Carrier reports its financial results through filings with the U.S. Securities and Exchange Commission (SEC), including Forms 8‑K that furnish quarterly earnings press releases. These filings provide details on net sales, operating profit, segment performance, cash flows and guidance for future periods. The company uses both GAAP and non‑GAAP measures such as adjusted operating profit, adjusted operating margin, adjusted earnings per share and free cash flow, and provides explanations of these measures in its disclosures.
In its segment reporting, Carrier presents net sales and operating profit for Climate Solutions Americas, Climate Solutions Europe, Climate Solutions Asia Pacific, Middle East & Africa and Climate Solutions Transportation. The company reports on trends such as organic sales changes, impacts from divestitures, foreign currency translation and segment operating margins. It also discusses factors affecting performance, including residential and commercial demand, cost reduction actions, productivity initiatives and portfolio changes.
Company purpose and positioning
Carrier describes its purpose as leading with a focus on enhancing the lives people live and the world they share. It emphasizes comfort, safety and sustainability as core themes of its climate and energy solutions. The company highlights its history by noting that modern air conditioning was invented in 1902 and associates this heritage with its ongoing role in climate technology. It also underscores the importance of its workforce, describing it as a world-class, inclusive workforce that puts the customer at the center of its activities.
According to the company’s own statements, Carrier’s climate and energy solutions support a range of applications, from building comfort and indoor air quality to transportation and cold chain logistics. Its investments in technology, building-management systems and connected cold chain platforms are positioned as ways to help customers improve energy performance, operational resilience and visibility across their operations.
FAQs about Carrier Global Corporation (CARR)
- What does Carrier Global Corporation do?
Carrier Global Corporation focuses on intelligent climate and energy solutions. It provides HVAC and refrigeration products and related services for residential, commercial and transportation markets, along with building-management and control solutions and connected cold chain technologies. - In which industry does Carrier operate?
Carrier operates in the air-conditioning and warm air heating equipment and commercial and industrial refrigeration equipment manufacturing industry, within the broader manufacturing sector. - What are Carrier’s main business segments?
Carrier reports its operations through Climate Solutions Americas, Climate Solutions Europe, Climate Solutions Asia Pacific, Middle East & Africa and Climate Solutions Transportation. Earlier disclosures also reference HVAC and Refrigeration segments. - Which brands are associated with Carrier?
Carrier’s portfolio includes brands such as Carrier, Viessmann, Toshiba, Automated Logic and Carrier Transicold. These brands are linked to HVAC equipment, refrigeration systems and building-management solutions. - How does Carrier describe its purpose?
Carrier states that it is committed to creating innovations that bring comfort, safety and sustainability to life. It emphasizes enhancing the lives people live and the world they share through climate and energy solutions. - What role does Automated Logic play within Carrier?
Automated Logic, part of Carrier, provides building-management solutions that control and monitor functions such as heating, air conditioning and lighting in commercial office, education, health care, government and data center markets. Automated Logic Contracting Services has also expanded its building automation presence through acquisitions. - What is Carrier Ventures?
Carrier Ventures is involved in strategic investments aligned with Carrier’s climate and energy focus. For example, it has invested in Net Feasa, which provides wireless IoT connectivity and vessel network technology for real-time container visibility at sea, supporting Carrier’s connected cold chain strategy. - How is Carrier’s stock traded?
Carrier Global Corporation’s common stock is listed on the New York Stock Exchange under the ticker symbol CARR. - How does Carrier approach capital allocation?
Carrier has communicated a disciplined and balanced approach to capital allocation, including share repurchases, dividends and portfolio management actions such as acquisitions and divestitures. Its Board has approved share repurchase authorizations and the company has announced dividend increases since its spin as an independent company. - Where can investors find Carrier’s financial results?
Carrier furnishes its quarterly and other financial results through SEC filings, including Forms 8‑K that attach earnings press releases. These filings provide details on net sales, segment performance, operating profit, cash flows and related financial measures.