Carrier Global Corporation Q3 2025 Earnings and Share Repurchase Authorization

Carrier Global Corporation reported its third quarter 2025 results, with net sales declining by 7% to $5.6 billion and organic sales down by 4%. The company posted a GAAP EPS of $0.47 and an adjusted EPS of $0.67. Net cash flows from operating activities were $341 million, with free cash flow at $224 million. Year-to-date, Carrier returned $3 billion to shareholders, including $2.4 billion in share repurchases. The company expects full-year 2025 sales of approximately $22 billion and adjusted EPS of around $2.65. Additionally, Carrier's Board of Directors approved a $5 billion increase to the company's existing stock repurchase authorization, bringing the total available for repurchases to approximately $5.8 billion. The repurchases will be made at the company's discretion, subject to market conditions and regulatory requirements.