Carrier Q3 sales fall 7% to $5.6 billion; $5 billion buyback increase approved
Carrier reported third-quarter 2025 net sales of $5.6 billion, down 7% from a year earlier, and GAAP operating profit of $539 million, down 29%. The company cut its full-year 2025 guidance, with adjusted EPS now about $2.65 versus the prior $3.00 to $3.10, and its board approved a $5 billion increase to the share repurchase authorization, bringing the amount available to about $5.8 billion.
Key points
- Q3 net sales $5.6 billion, down 7%; organic sales down 4%
- Diluted GAAP EPS from continuing operations $0.47 vs. $0.62 a year earlier; adjusted EPS $0.67 vs. $0.77
- Full-year 2025 guidance: sales about $22 billion (prior about $23 billion); adjusted EPS about $2.65 (prior $3.00 to $3.10)
- Board approved $5 billion buyback increase, effective October 28, 2025; authorization has no time limit
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 October 28, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.