CARRIER GLOBAL Corp (CARR) Form 10-Q — Oct 29, 2026
Carrier Global reported Q3 2026 net sales of $6.3 billion, up 12% (15% organic), but posted a GAAP net loss of $2,593 million, or $(3.16) per share, due to a $3.1 billion non-cash goodwill impairment on its Climate Solutions Europe reporting unit. Adjusted operating profit rose to $1,091 million from $823 million a year ago, and the company recognized a $133 million benefit from IEEPA tariff refunds. The impairment reflects reduced projected operating results in Europe, weaker demand tied to government subsidy changes and a slower boiler-to-heat-pump transition, and a higher discount rate; Carrier's carrying value exceeded fair value by roughly 23%.
Key figures
- Revenue
- 6263
- Total Debt
- 11474
- Revenue Yoy
- 12% (Q3); 6% nine months
- Total Assets
- 33594
- Cash Position
- 1354
- Shares Outstanding
- 818160206
- Q3 2025 eps
- 0.5
- Dividend declared
- $0.24 per share payable November 18, 2026
- Organic growth q3
- 15%
- Riello gross loss
- $48 million
- Goodwill impairment
- $3.1 billion (Climate Solutions Europe reporting unit)
- Riello sale proceeds
- $438 million
- Share repurchases 9m
- $1.1 billion (18.5 million shares)
- Cse fair value shortfall
- carrying amount exceeded fair value by approximately 23%
- Ieepa tariff refund benefit
- $133 million
- Adjusted operating profit q3
- $1,091 million vs $823 million prior year
- Remaining buyback authorization
- $4.2 billion
AI analysis
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