Carrier Global Corp Net Sales Reach $22.5 Billion

By Ahmed Jameison • Wednesday, July 30 06:35 • Permanent Link

Carrier Global Corporation, a global leader in intelligent climate and energy solutions, has recast certain amounts previously reported in its 2024 Annual Report to conform with revisions made to its reportable segments during the quarter ended March 31, 2025. The company's net sales for the year ended December 31, 2024, were $22.5 billion, and its operating profit was $2.6 billion.

Under the revised segment structure, Carrier Global Corporation now has three new regional HVAC operating segments, along with the Climate Solutions Transportation operating segment. Sales by segment data reveals that the Climate Solutions Americas segment contributed $10.5 billion in net sales, Climate Solutions Europe segment contributed $7.2 billion, Climate Solutions Asia Pacific, Middle East & Africa segment contributed $3.5 billion, and Climate Solutions Transportation segment contributed $1.3 billion in net sales.

The company's portfolio transformation efforts are evident in its recent strategic transactions. It completed the sale of its Access Solutions business to Honeywell International Inc. for cash proceeds of $5.0 billion, recognizing a net gain on the sale of $1.8 billion. Furthermore, Carrier Global Corporation completed the sale of its Industrial Fire business, Commercial Refrigeration business, and Commercial and Residential Fire business, recognizing net gains on the sales of $319 million, $292 million, and $1.4 billion respectively.

Carrier Global Corporation's business strategy is focused on creating innovative, differentiated products and solutions, offering digitally-enabled lifecycle solutions, expanding its portfolio with energy management solutions, and strategic capital allocation. The company aims to drive long-term growth and deliver shareholder value through these strategic pillars.

With its revised segment structure and strategic transactions, Carrier Global Corporation continues to position itself as a global leader in intelligent climate and energy solutions, poised for future growth and value creation. As a result of these announcements, the company's shares have moved -10.83% on the market, and are now trading at a price of $71.50. For more information, read the company's full 8-K submission here.

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