Carrier raises 2025 adjusted EPS guidance as Q1 adjusted EPS rises 27% to $0.65
Carrier reported first quarter 2025 net sales of $5.2 billion, down 4%, while adjusted EPS rose 27% to $0.65 and GAAP EPS rose to $0.47 from $0.19. The company raised its full-year 2025 adjusted EPS guidance to $3.00 to $3.10 from $2.95 to $3.05, and it also changed its segment reporting structure.
Key points
- Adjusted EPS was $0.65 versus $0.51 a year earlier; GAAP EPS from continuing operations was $0.47 versus $0.19.
- Net sales were $5.2 billion, down 4%; organic sales grew 2%, with a 5% headwind from net acquisitions and divestitures.
- Full-year 2025 adjusted EPS guidance was raised to $3.00 to $3.10 from $2.95 to $3.05; free cash flow guidance of $2.4 billion to $2.6 billion was unchanged.
- Free cash flow was $420 million in the quarter, and the company paid down $1.2 billion of debt and returned $1.5 billion to shareholders.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2025.
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