Carrier Global

Carrier Global beat expectations in the second quarter with adjusted earnings per share of $0.86 (expectation ~$0.81) and revenue of $6.35 billion (consensus ~$6.0 billion). The company raised its 2026 outlook to about $23 billion in revenue and roughly $2.90 in adjusted EPS (previously $22.3 billion / $2.80). Carrier also announced the sale of its energy-efficiency business NORESCO to Opterra Energy Services to focus the portfolio on climate and core businesses; the stock rose sharply in premarket trading. » More on de.investing.com

Carrier Global has appointed Neil Barua, president and CEO of PTC, to its board of directors effective immediately. Barua will serve on the technology and innovation committee and the compensation committee and brings experience leading large companies as well as applying AI to the digital transformation of industrial firms. » More on de.investing.com

Citi expects more frequent and intense European heatwaves to accelerate adoption of air conditioning, creating long-term growth opportunities for U.S. HVAC makers. Europe’s AC penetration is still around 20% versus roughly 90% in the U.S. and Japan, according to IEA data cited by Citi. Carrier is highlighted as most exposed, with over one-fifth of revenue from its Climate Solutions Europe division and leadership in Europe’s commercial HVAC market; its European heat-pump sales rose by a low-teens percentage in Q1. Citi also says Trane Technologies and Johnson Controls are positioned to gain, though they have smaller revenue exposure to Europe. » More on finance.yahoo.com

Citigroup sees Europe's low air-conditioning penetration as a long-term growth market and names Carrier, Trane Technologies and Johnson Controls as beneficiaries. Citi highlights Carrier as its top pick, noting that more than 20% of the company's revenue comes from Climate Solutions Europe and that its European heat-pump business recently grew in double digits. Citi expects structural demand growth over years, supported by more frequent heat waves and government incentive programs, but warns that revenue growth will come slowly and that the companies are highly dependent on the global construction cycle. Valuation levels are already high, so near-term share-price reactions may be limited. » More on finanzen.net

Diamond Hill Capital’s Large Cap Strategy initiated a position in Carrier Global, citing the post‑spin HVAC and refrigeration business as well positioned to gain market share and improve margins over time. The firm said a cyclical downturn in residential markets has weighed on near‑term results, creating an entry opportunity at a discount to its intrinsic value. Carrier reported Q1 sales of $5.3 billion, adjusted operating profit of $594 million and adjusted EPS of $0.57; the stock has fallen about 11% over the past 52 weeks. » More on finance.yahoo.com