AI English summary of an SEC filing — figures as filed
Carrier Global CARRCarrier Global said net sales for the 3 months ended June 30, 2025 were $6.1 billion, up 3% compared with the same period of the prior year, and organic sales increased 6%. The company said strong end-market demand in Climate Solutions Americas drove higher volumes.
Key points
AI summaryCarrier Global said net sales for the 3 months ended June 30, 2025 were $6.1 billion, up 3% compared with the same period of the prior year, and organic sales increased 6%. The company said strong end-market demand in Climate Solutions Americas drove higher volumes.
Gross margin for Q2 was $1.8 billion, up $194 million or 12%, and gross margin as a percentage of net sales increased 240 basis points, the company said. It said the prior period inventory step-up and backlog amortization from the VCS Business had an unfavorable impact of 190 basis points on gross margin as a percentage of net sales.
Carrier Global said net sales for Climate Solutions Americas for the 6 months were $5.8 billion, up 11%, and segment operating profit was $1,449 million, up 27%. For the same period, segment operating profit for Climate Solutions Europe was $204 million, down 22%.
Carrier Global said net cash used in continuing financing activities for the 6 months of 2025 was $3.3 billion. The company cited share repurchases of $1.6 billion, repayment of long-term debt of $1.2 billion and dividends of $390 million as principal outflows.
Key figures
Quarter ended June 30, 2025
- Revenue
- $6.1B
- Operating income
- $903M
- Net income
- $591M
- EPS
- $0.68
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Q2 Net Sales and Organic Sales Growth
Carrier Global said net sales for the 3 months ended June 30, 2025 were $6.1 billion, up 3% compared with the same period of the prior year, and organic sales increased 6%. The company said strong end-market demand in Climate Solutions Americas drove higher volumes.
Source · Based on the MD&A text of the filing
Q2 Gross Margin Increase and Prior-Year Cost Impact
Gross margin for Q2 was $1.8 billion, up $194 million or 12%, and gross margin as a percentage of net sales increased 240 basis points, the company said. It said the prior period inventory step-up and backlog amortization from the VCS Business had an unfavorable impact of 190 basis points on gross margin as a percentage of net sales.
Source · Based on the MD&A text of the filing
Segment Performance for 6 Months by Region
Carrier Global said net sales for Climate Solutions Americas for the 6 months were $5.8 billion, up 11%, and segment operating profit was $1,449 million, up 27%. For the same period, segment operating profit for Climate Solutions Europe was $204 million, down 22%.
Source · Based on the MD&A text of the filing
6-Month Cash Flow: Share Repurchases, Debt Repayment and Dividends
Carrier Global said net cash used in continuing financing activities for the 6 months of 2025 was $3.3 billion. The company cited share repurchases of $1.6 billion, repayment of long-term debt of $1.2 billion and dividends of $390 million as principal outflows.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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