Carrier Q1 sales rise 2% to $5.3 billion as profit falls; full-year outlook reaffirmed
Carrier reported first-quarter 2026 net sales of $5.3 billion, up 2%, but organic sales fell 1% and profit declined sharply, with GAAP operating profit down 59% to $259 million and adjusted EPS down 12% to $0.57. The company reaffirmed its full-year 2026 outlook, including about $3.4 billion of adjusted operating profit and about $2 billion of free cash flow, though the Riello divestiture is now expected to close by the end of the second quarter rather than the first.
Key points
- Net sales were $5.3 billion, up 2%; organic sales declined 1%, offset by a 3% foreign currency benefit.
- GAAP operating profit was $259 million, down 59%; adjusted operating profit was $594 million, down 30%.
- GAAP diluted EPS from continuing operations was $0.28, down 40%; adjusted EPS was $0.57, down 12%.
- Full-year 2026 guidance was unchanged, with Riello divestiture now expected to close by the end of Q2 2026.
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 April 30, 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.