Form 10-Q · Quarterly report
Carrier Global 10-Q, filed Oct 29, 2026
- Filed
- CIK
- 0001783180
- Accession no.
- 0001783180-26-000037
Summary
Carrier Global's third-quarter 2026 net sales rose 12% to $6.3 billion, with organic sales up 15%, while a $3.1 billion goodwill impairment in its Climate Solutions Europe unit drove a net loss attributable to common shareowners of $2.6 billion. Carrier also recognized a $133 million benefit from refunds of previously paid IEEPA tariffs and completed the sale of Riello for $438 million in cash proceeds.
Key points
- Q3 2026 net sales were $6.3 billion, up 12% year over year, with organic sales up 15%.
- Carrier recorded a $3.1 billion goodwill impairment for its Climate Solutions Europe reporting unit, citing weaker demand, government policy and subsidy changes, a slower transition from boilers to heat pumps, and higher interest rates.
- Carrier recognized a $133 million benefit from refunds of IEEPA tariffs previously paid after the U.S. Supreme Court ruled such tariffs unauthorized and the U.S. Court of International Trade ordered refunds.
- Carrier completed the sale of Riello on July 1, 2026 for $438 million in cash proceeds and recognized a $48 million gross loss on the sale.
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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