Carrier Global Corporation

Overview

Carrier Global Corporation is a global leader in climate and energy solutions, focused on digitally enabled lifecycle offerings for homes, buildings, and cold chain applications. Its brand portfolio includes Carrier, Viessmann, Toshiba, Automated Logic, Bryant, CIAT, Day & Night, Heil, and NORESCO, with products and services delivered through Carrier Transicold and Sensitech. Core offerings cover heating, cooling, air quality, energy management, and related building services such as audit, design, installation, system integration, repair, maintenance, and monitoring.

Segments and major offerings

Carrier operates four globally managed segments:

• Climate Solutions Americas (CSA)
• Climate Solutions Europe (CSE)
• Climate Solutions Asia Pacific, Middle East & Africa (CSAME)
• Climate Solutions Transportation (CST)

Products and services include air conditioners, heat pumps, heating systems, home and building energy management systems, aftermarket components, repair and maintenance, rentals, and lifecycle upgrades. End markets served include residential, commercial, education, healthcare, technology, retail, hospitality, data centers, and infrastructure.

Key digital and connected platforms:

• Abound: cloud-based building platform to unify building data and optimize performance
• Lynx: AWS-based cold chain visibility platform for real-time decision making
• Carrier QuantumLeap: integrated data-center and server management solution

Growth strategy and portfolio actions

The company’s strategy emphasizes differentiated products, distribution channels, and brands, with an expansion of aftermarket and services through digitally enabled lifecycle solutions. Carrier is transforming its portfolio toward a pure-play climate and energy solutions provider.

Notable corporate actions:

• Acquisition of the VCS business (Viessmann) on January 2, 2024, expanding the portfolio primarily in Europe and globally.
• Dispositions in 2024 of Commercial and Residential Fire, Access Solutions, Industrial Fire, and Commercial Refrigeration; CCR was later divested in 2024.
• Sale of Riello announced December 16, 2025 to Ariston Group; expected close in H1 2026 for roughly $430 million.

Capital allocation priorities include organic growth, strategic acquisitions, and returning capital to shareholders via dividends and buybacks. Carrier Ventures invests in sustainable innovations and disruptive technologies.

Intellectual property and innovation

Carrier maintains a broad IP portfolio with about 11,000 active patents and pending applications worldwide. The company invests in product and technology innovation, including environmentally friendlier refrigerants, energy-efficient solutions, and connected ecosystems.

Global footprint and scale (as of 2025 year-end)

• Approximately 850 sites totaling about 36 million square feet of productive space
• About 27 million square feet of facilities larger than 100,000 square feet
• Regional distribution of major properties: ~34% in the Americas, ~22% in Europe, ~26% in APAC/MEA, ~10% other; ~8% not associated with a specific segment
• Leased properties represent about 34%; the remainder are owned
• Fixed assets include manufacturing facilities, warehouses, and equipment, most in regular use and in good condition

Workforce and human capital (as of 12/31/2025)

• Approximately 47,000 employees worldwide
• Geographic distribution: 34% in the Americas, 36% in Europe, 30% in Asia Pacific, Middle East & Africa
• A sizable portion of U.S. employees are covered by collective bargaining agreements; the European workforce is represented through works councils and unions

Customers and market reach

Carrier serves a wide range of customers across residential, commercial, education, healthcare, technology, retail, hospitality, data centers, and infrastructure markets.

Financial snapshot (year ended December 31, 2025)

• Net sales: $21.7 billion
• Operating profit: $2.2 billion
• International operations: approximately 52% of net sales
• Net sales by product type: new equipment ~72%; parts and service ~28%
• Outstanding indebtedness: approximately $11.5 billion
• R&D/IP: ~11,000 active patents and pending applications

Other context

Carrier operates within a four-segment framework aligned to its climate and energy solutions strategy, with a focus on digital platforms and post-sale services to drive aftermarket growth. The company maintains an extensive joint-venture network of about 58 joint ventures, with a substantial portion of equity in the Climate Solutions Americas and CSAME segments. It also monitors regulatory, climate, and supply chain developments as part of its operating environment.

Summary

Carrier Global Corporation designs, manufactures, and services heating, cooling, energy management, and climate-control solutions across residential, commercial, and transport sectors. The company combines a global brand portfolio, digital lifecycle offerings, a large international footprint, and a broad IP portfolio with ongoing acquisitions, divestitures, and strategic partnerships to advance its position as a global climate and energy solutions provider.