Carrier reported October 29 that third-quarter sales rose 12% to approximately $6.3 billion, but a $3.1 billion noncash goodwill impairment tied to its European climate business contributed to a substantial reported loss.
The loss from continuing operations attributable to common shareholders was $2.593 billion, or $3.16 per share. Adjusted earnings from continuing operations were $713 million, or 87 cents per share.
The distinction matters because the adjusted figures exclude charges included in the reported results. Carrier’s adjusted operating margin increased to 17.4% from 14.8% a year earlier.
The company also recorded approximately $130 million in operating-profit benefits from IEEPA tariff refunds.
Climate Solutions Americas sales increased 24% to $3.354 billion. European segment sales rose 3% to $1.335 billion, while organic growth there was 12%. Transportation sales declined 3% to $726 million.
Operating cash flow reached $813 million and free cash flow was $674 million, after capital spending of $139 million.
Carrier now expects annual sales near $24 billion and organic growth of approximately 10%. Those figures are management forecasts rather than completed-year results.
Sources: Carrier — October 29 Results: https://www.prnewswire.com/news-releases/carrier-reports-third-quarter-2026-results-302923479.html