CARRIER GLOBAL Corp (CARR)

Carrier Global Corporation is a global provider of intelligent climate and energy solutions, offering digitally enabled lifecycle solutions in heating, cooling, ventilation and cold chain. Its brands include Carrier, Viessmann, Toshiba, Automated Logic and Carrier Transicold. It also provides related building services such as audit, design, installation, system integration, repair, maintenance and monitoring. For 2025, net sales were $21.7 billion and operating profit was $2.2 billion. New equipment made up 72% of net sales and parts and service 28%. Carrier was spun off from United Technologies Corporation (now RTX) on April 3, 2020, and was incorporated in Delaware in 2019.

The company manages its business through four segments. Climate Solutions Americas, Climate Solutions Europe and Climate Solutions Asia Pacific, Middle East & Africa provide products, controls, services and system solutions for heating, cooling and ventilation on a regional basis. Their offerings include air conditioners, heat pumps, heating systems, home and building energy management systems, aftermarket components, repair and maintenance, rentals, and modernization and upgrades. Brands include Carrier, Viessmann, Toshiba, Automated Logic, Bryant, CIAT, Day & Night, Heil and NORESCO. Climate Solutions Transportation supplies refrigeration and monitoring solutions for food, medicine and other perishable cargo, covering trucks, trailers, shipping containers and intermodal applications, under brands such as Carrier Transicold and Sensitech. Digital offerings include the Abound building platform, the Lynx cold chain platform developed with AWS, and Carrier QuantumLeap for data center cooling. Carrier Energy develops energy management solutions, and Carrier Ventures is its venture capital subsidiary. In 2024 the company acquired Viessmann's climate solutions business and divested its fire and security, access solutions and commercial refrigeration businesses. In December 2025 it agreed to sell its Riello business to Ariston Group for about $430 million, expected to close in the first half of 2026.

Customers span residential, commercial, education, healthcare, technology, retail, hospitality, data center and infrastructure markets, as well as transportation companies. Products are sold directly to building contractors, owners and transportation companies, and indirectly through joint ventures, independent sales representatives, distributors, wholesalers, dealers and retail outlets. International operations, including U.S. export sales, were about 52% of 2025 net sales. Demand is seasonal, with residential HVAC sales typically higher in the second and third quarters in North America, and it is also affected by building activity and truck production cycles.

Carrier relies on suppliers and commodity markets for copper, aluminum, steel, semiconductors and other electronic components. A central strategic sourcing group consolidates purchases, and the company pursues dual sourcing and localized manufacturing where feasible. It competes with regional, specialized and larger public and private companies on technology, performance, service, delivery and price. It holds about 11,000 active patents and pending applications and has about 58 joint ventures, mostly in the Americas and Asia Pacific, Middle East & Africa. It had about 47,000 employees in more than 52 countries at the end of 2025. Its headquarters are in Palm Beach Gardens, Florida.