Form 10-Q · Quarterly report
Carrier Global 10-Q, filed Jul 28, 2026
- Filed
- CIK
- 0001783180
- Accession no.
- 0001783180-26-000032
Summary
Carrier Global reported second-quarter 2026 net sales of $6.4 billion, up 4% from a year earlier, while net earnings attributable to common shareowners fell 15% to $501 million as gross margin narrowed 170 basis points to 27.2%. The quarter included a $46 million impairment on Carrier's Riello business, which was sold to Ariston Group for expected gross proceeds of about $430 million and closed on July 1, 2026.
Key points
- Carrier's effective tax rate rose to 25.0% for the quarter from 20.0% a year earlier.
- Organic sales rose 3% and foreign currency translation added 1 percentage point, with Climate Solutions Americas driving the volume increase.
- Carrier said it recorded no benefit for potential refunds of IEEPA tariffs it paid, as the amounts were not considered probable and reasonably estimable.
- Carrier said the IEEPA tariffs implemented in 2025 and the updated Section 232 tariffs on steel, aluminum and copper announced April 2, 2026 have not had a material impact on its business.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion BUSINESS OVERVIEW Business Summary Carrier Global Corporation ("we" or "our") is a global leader in intelligent climate and energy solutions with a focus on providing differentiated, digitally-enabled lifecycle solutions to our customers. Our portfolio includes industry-leading brands such as Carrier, Viessmann, Toshiba, Automated Logic and Carrier Transicold that offer innovative heating, cooling and cold chain solutions to enhance the lives we live and the world we share. We also provide a broad array of related building services, including audit, design, installation, system integration, repair, maintenance and monitoring. …
An excerpt of the text as filed with the SEC, cut for length.
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