---
schema_version: "secwatch.filing_event.v1"
accession: "0001783180-23-000036"
form_type: "8-K"
ticker: "CARR"
cik: "0001783180"
company_name: "CARRIER GLOBAL Corp"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T16:37:38.189952+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Carrier Q1 EPS $0.44 GAAP/$0.52 adj; sales $5.3B (+13%); reaffirms FY23 guidance; announces Viessmann acquisition

## Summary
- GAAP EPS $0.44, adjusted EPS $0.52; net income $373M, adjusted net income $442M.
- Sales $5.3B (+13% YoY); organic sales +4%; commercial HVAC/controls double-digit; F&S +9%; Refrigeration -5% organic.
- Free cash flow $50M (operating cash $120M less capex $70M); repurchased $62M of stock in Q1.
- Reaffirms FY23 guidance: sales ~$22B, adj op margin ~14%, adj EPS $2.50-$2.60, FCF ~$1.9B.
- Also announced acquisition of Viessmann climate solutions business (separate disclosure); conference call rescheduled to Apr 26.

## SEC filing metadata
- accession: 0001783180-23-000036
- form_type: 8-K
- ticker: CARR
- cik: 0001783180
- company_name: CARRIER GLOBAL Corp
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1783180/000178318023000036/0001783180-23-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1783180/000178318023000036/carr-20230425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001783180-23-000036
- JSON: https://secwatch.observer/filing/0001783180-23-000036.json
- Plain text: https://secwatch.observer/filing/0001783180-23-000036.txt

## Key facts
- Earnings Releases
  CARRIER GLOBAL Corp reported first quarter 2023 results: revenue $5.3 billion, net income $373 million GAAP, $442 million adjusted, EPS $0.44 GAAP, $0.52 adjusted. Guidance reaffirmed.
  - Period: first quarter 2023
  - Revenue: $5.3 billion
  - Net income: $373 million GAAP, $442 million adjusted
  - EPS: $0.44 GAAP, $0.52 adjusted
  - Guidance: reaffirmed
  - Result: reported results
  source text: Carrier’s first quarter sales of $5.3 billion were up 13% compared to the prior year and organic sales grew 4% over the same period. Organic sales strength continued in the HVAC segment with commercial and controls up double digits while Fire and Security was up 9% organically in the quarter. Refrigeration sales were down 5% organically driven by container and commercial refrigeration only partially offset by strength in global truck and 1 trailer. North America residential and light commercial HVAC was down 2% driven by a tough comparison in residential. GAAP operating profit in the quarter of $555 million was down 68% from last year that included the gain related to the divestiture of Chubb. Adjusted operating profit of $642 million was down 2%. Favorable price/cost was more than offset by flattish volumes, unfavorable mix, and spending on investments. Net income was $373 million and adjusted net income was $442 million. GAAP EPS was $0.44 and adjusted EPS was $0.52. Net cash flows g
  evidence_url: https://www.sec.gov/Archives/edgar/data/1783180/000178318023000036/0001783180-23-000036-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.