Carrier reported first quarter 2026 sales of $5.3 billion, an increase of 2% year-over-year, while adjusted EPS declined 12% to $0.57. The company experienced a 1% decline in organic sales but saw strong order growth and reaffirmed its full-year guidance.
Key Highlights
- Data center orders surged over 500%, with the current backlog fully covering expected 2026 data center sales.
- Total company orders grew 11%, driven by a 35% increase in Commercial HVAC orders.
- Weakness in the Climate Solutions Americas (CSA) Residential business, where sales declined approximately 12%, drove a 730 basis point contraction in the segment's operating margin.