)
Edge31 Oct 2025
Rolls-Royce: Full Thrust Ahead
From century-old crafted perfection to pandemic shock and reset, Rolls-Royce's story is shaped by heritage, turbulence, and a disciplined climb back.
Carrier Global (CARR) investor relations material
Carrier Global Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary28 Oct, 2025
Executive summary
Q3 2025 sales were $5.6B, down 7% year-over-year, with organic sales down 4% and adjusted operating profit at $823M, down 21% year-over-year.
Adjusted EPS was $0.67, down 13% year-over-year; GAAP EPS was $0.47, down 24%.
Commercial HVAC and data center segments grew strongly (commercial up 30%, data center sales up ~250%), offsetting a 30% decline in residential sales.
Aggressive cost actions underway, including elimination of 3,000 indirect positions and portfolio transformation through acquisitions and divestitures.
$3B returned to shareholders year-to-date, with a new $5B share repurchase authorization approved.
Financial highlights
Q3 2025 net sales: $5.6B (down 7% year-over-year); adjusted operating profit: $823M (down 21%); GAAP operating profit: $539M (down 29%).
Adjusted operating margin: 14.8% (down 260 bps); GAAP operating margin: 9.7% (down 310 bps).
Free cash flow for Q3: $224M; nine months: $1.2B.
Net debt as of September 30, 2025: $10.5B.
Outlook and guidance
Full-year 2025 sales expected at ~$22B, down from prior guidance of ~$23B, reflecting a ~$700M–$750M reduction due to residential and divestiture impacts.
Adjusted EPS for 2025 expected to be ~$2.65, with free cash flow of ~$2B and $3B in share repurchases planned.
Adjusted operating margin guidance at 15.0–15.5%, down ~50 bps year-over-year.
2026 planning assumes low single-digit organic growth and ~$0.20 adjusted EPS tailwind from restructuring, tax, and share repurchase.
Detail the drivers for 2025 EPS guidance reduction
Quantify Residential volume impact on CSA margin
What underpins 2026 earnings growth expectations?
Confidence in CSA resi destocking for 2026?
Non-data center commercial HVAC demand trends
Structural cost takeout initiatives for 2026
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Carrier Global earnings date
Baird 55th Annual Global Industrial Conference12 Nov, 2025
Next Carrier Global earnings date
Baird 55th Annual Global Industrial Conference12 Nov, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Carrier Global Corporation is a provider of heating, ventilating, and air conditioning (HVAC) cooling products and technologies, refrigeration and food safety solutions that help customers improve the performance of their buildings and processes. The company offers a range of heating, ventilation, and air conditioning systems for residential, commercial, and industrial applications; ceiling fans; commercial refrigeration systems; wiring devices for alarms, fire protection, radios, phones, computers, and televisions; professional-grade building automation systems; security and surveillance products; prefabricated fire protection walls and door panels; aircraft auxiliary power unit engines; highly efficient compressors for mobile air conditioners used in recreational vehicles (RVs); cellular phone signal carriers, integrated into mobile home roofs; lithium-ion batteries that serve as an alternative to generators; prefabricated shelters designed to protect communications equipment during adverse weather conditions or a nuclear disaster. It also provides job site services consisting of installation, set-up commissioning, maintenance program implementation support. In addition, the company offers post-construction services through its Carrier Advantage program for HVAC installations.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage