Carrier Global Stock Slips After Q4 Revenue Miss: Retail Finds Joy In Profit Beat
Synopsis
According to FinChat data, the company reported quarterly sales of $5.15 billion, compared with the average analysts’ estimate of $5.20 billion.
Carrier Global (CARR) stock fell 1.9% Tuesday after the company’s fourth-quarter revenue missed Wall Street’s estimates.
According to FinChat data, the company reported quarterly sales of $5.15 billion, compared with the average analysts’ estimate of $5.20 billion.
On an adjusted basis, the company reported earnings of $0.54 per share for the three months ended Dec. 31, compared with the Street estimate of $0.48 per share.
“We are well-positioned to deliver strong results in 2025, reinforced by our growing global commercial HVAC backlog supported by the acceleration in data centers, commitment to double-digit aftermarket growth, and leading positions across our businesses,” CEO David Gitlin said.
The company said sales in its HVAC (heating, ventilation, and air conditioning) segment rose 11% organically.
Its Americas sales in the HVAC segment grew organically by the high teens percentage points, helped by continued strength in commercial and North American residential sales, up double-digit percentage points.
Carrier said that its refrigeration sales were down 6% organically, hurt by declines in sales to trucks and trailers in North America.
The Florida-based company forecasts 2025 net sales between $22.5 billion and $23 billion. It expects a $750 million sales hit in commercial refrigeration divestiture.
Carrier expects to buy back shares worth about $3 billion in 2025.
Retail sentiment on Stocktwits remained in the ‘extremely bullish’ (94/100) territory while retail chatter was ‘extremely high.’
Carrier said its 2025 focus would remain on high-efficiency residential and commercial heat pumps, data center portfolio expansion, and transport electrification.
Over the past one year, Carrier stock has fallen 16.6%.
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