Carrier Q4 sales fall 6%, adjusted EPS drops 37%; 2026 adjusted EPS guided to ~$2.80
Carrier reported fourth-quarter 2025 net sales of $4.8 billion, down 6% from a year earlier, and adjusted EPS of $0.34, down 37%. The company also issued 2026 guidance calling for adjusted EPS of about $2.80, compared with $2.59 for full-year 2025, which shareholders will weigh against the weaker quarter.
Key points
- Q4 2025 GAAP operating profit was $101 million, down 87%, while adjusted operating profit was $455 million, down 33%.
- Climate Solutions Americas residential volume fell 38% in the quarter, cited as the main drag on results.
- 2026 guidance includes adjusted operating profit of about $3.4 billion, free cash flow of about $2 billion and about $1.5 billion in share repurchases.
- The 2026 outlook assumes the Riello divestiture closes by the end of Q1 2026, subject to regulatory approvals, a headwind of about $350 million in sales.
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 February 05, 2026.
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.