# Carrier Posts Quarterly Loss After $3.1 Billion Goodwill Charge

Sales rose 12%, while a European impairment pushed reported earnings below zero despite higher adjusted profit.

By Will Langan | 24X7 News
Published: 2026-10-29T11:06:28.374Z
Updated: 2026-10-29T11:06:28.374Z
Section: Business
Format: News
Canonical: https://24x7news.us/articles/carrier-third-quarter-results-october-29-2026

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

## Sources
- Carrier — Third-Quarter 2026 Results: https://www.prnewswire.com/news-releases/carrier-reports-third-quarter-2026-results-302923479.html