Nov 4, 4:15 PM ET
Carrier Global completed an underwritten offering of $750 million of 5.000% notes due 2029 and $750 million of 5.350% notes due 2033, totaling $1.5 billion. The company plans to use the net proceeds mainly to refinance existing debt, including repaying its 2.493% notes due February 15, 2027, with any remainder for general corporate purposes.
- Offering totals $1.5 billion: $750 million of 5.000% notes due November 4, 2029 and $750 million of 5.350% notes due November 4, 2033
- Proceeds intended to repay at maturity the 2.493% notes due February 15, 2027, and for general corporate and working capital purposes
- Notes are unsecured senior obligations; interest paid semi-annually on May 4 and November 4, starting May 4, 2027
- Holders can require repurchase at 101% of principal upon a change of control triggering event
Read the filing on SEC.gov ↗
Oct 29, 7:26 AM ET
Carrier Global Corporation reported third quarter 2026 net sales of $6.3 billion, a 12% increase year-over-year, alongside an organic sales increase of 15%. However, the company recorded a GAAP net loss of $2.54 billion and a diluted EPS of ($3.16), driven primarily by a $3.1 billion non-cash goodwill impairment charge in its Climate Solutions Europe segment, while adjusted EPS rose to $0.87. Shareholders also benefited from record backlog exceeding $8.5 billion and raised full-year 2026 sales guidance to nearly $24 billion.
- Net sales reached $6.3 billion for the third quarter of 2026, up 12% from $5.579 billion in the prior-year period.
- GAAP diluted EPS was ($3.16), impacted by a $3.1 billion non-cash goodwill impairment charge in Climate Solutions Europe, while adjusted EPS was $0.87.
- Free cash flow for the quarter was $674 million, compared to $224 million in the third quarter of 2025.
- Full-year 2026 sales guidance was raised to nearly $24 billion, with expected organic growth of approximately 10%.
Read the filing on SEC.gov ↗
Jul 28, 6:58 AM ET
Carrier reported second-quarter 2026 net sales of $6.4 billion, up 4% from a year earlier, but GAAP operating profit fell 9% to $825 million and adjusted EPS fell 7% to $0.86. The company raised its full-year 2026 outlook to about $23 billion in sales, about $3.5 billion in adjusted operating profit and about $2.90 in adjusted EPS, citing record backlog and strong orders.
- Q2 2026 net sales $6.4 billion, up 4%; organic sales up 3%
- GAAP EPS $0.60 vs $0.70 a year earlier; adjusted EPS $0.86 vs $0.92
- Adjusted operating margin 17.2%, down 190 basis points from 19.1%
- Full-year 2026 outlook raised: sales about $23 billion (prior about $22 billion), adjusted EPS about $2.90 (prior about $2.80)
Read the filing on SEC.gov ↗
Jul 24, 4:05 PM ET
Carrier Global named Neil Barua, President and Chief Executive Officer of PTC Inc., as an independent director effective July 24, 2026, with a term expiring at the 2027 Annual Meeting of Shareowners. He also joins the Board's Compensation Committee and Technology & Innovation Committee. The filing describes this as a routine board addition with standard non-employee director compensation and no related-party transactions reported.
- Neil Barua appointed independent director effective July 24, 2026; term expires at the 2027 Annual Meeting of Shareowners
- Barua appointed to the Compensation Committee and Technology & Innovation Committee
- Barua has been President and CEO of PTC Inc. since 2024; previously CEO of ServiceMax (2019 to 2023) and IPC Systems (2014 to 2018)
- Compensation will be consistent with the Company's programs for non-employee directors
Read the filing on SEC.gov ↗
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