Thu, May 1, 5:40 PM (11 days ago)
**Carrier Global Corporation (CARR) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $5.2 billion, a 4% decrease YoY, driven by organic growth in Climate Solutions Americas and Transportation, offset by declines in Europe and Asia Pacific. - **Profit Margins:** Gross margin increased by 4% to $1.4 billion, with a 210 basis points improvement in margin percentage. Operating profit surged by 63% to $629 million. - **Cash Flow:** Operating cash flow was $488 million, a significant improvement from $45 million in Q1 2024, driven by higher earnings and working capital changes. **Earnings & Changes:** - **EPS:** Basic EPS was $0.47, up from $0.30 in Q1 2024. - **Net Income:** $437 million, a 51% increase YoY, with a 122% increase in earnings from continuing operations. **Segment Performance:** - **Climate Solutions Americas:** Strong organic growth (9%) driven by residential and commercial demand. - **Climate Solutions Europe:** Decline in sales (10%) due to economic challenges and regulatory uncertainty. - **Climate Solutions Asia Pacific, Middle East & Africa:** Decline in sales (7%) due to volume reductions, particularly in China. - **Climate Solutions Transportation:** Decline in sales (26%) due to divestitures, partially offset by organic growth. **Trends & Uncertainties:** - **Portfolio Transformation:** Completed divestitures and acquisitions to focus on climate and energy solutions. - **Macroeconomic Factors:** Monitoring tariffs, inflation, and supply chain disruptions. - **Legal & Regulatory:** Ongoing litigation and regulatory changes may impact future results. **Future Operations & Impact:** - **Capital Allocation:** Focus on debt reduction, share repurchases, and strategic investments. - **Liquidity:** Strong liquidity position with $1.7 billion in cash and access to credit facilities. - **Shareholder Returns:** Continued share repurchases and dividends, with $1.9 billion remaining under the current authorization. **Ticker:** CARR