CARRIER GLOBAL Corp — fact timeline

CARRIER GLOBAL Corp reported first quarter of 2026 results: revenue $5,341, EPS $0.28.

“our full-year outlook.” 1 Excludes NORESCO 1 First Quarter 2026 Results Total Company (Unaudited) Three Months Ended March 31 (In millions) 2026 2025 Change Net sales $ 5,341 $ 5,218 2 % Organic sales (1) % Operating profit $ 259 $ 629 (59) % Operating margin 4.8 % 12.1 % (730) bps Adjusted operating profit $ 594 $ 848 (30) % Adjusted operating margin”

Patrick Goris was appointed as interim Controller at CARRIER GLOBAL Corp.

“On April 16, 2025, Patrick Goris, Senior Vice President and Chief Financial Officer of the Company, agreed to become interim Controller of the Company, effective May 2, 2025, while a search for a permanent replacement is conducted.”

Kyle Crockett resigned as Vice President, Controller and Chief Accounting Officer at CARRIER GLOBAL Corp.

“On April 16, 2025, Kyle Crockett, Vice President, Controller and Chief Accounting Officer of Carrier Global Corporation (the “Company”), informed the Company that he is resigning to pursue another opportunity.”

Amy E. Miles was appointed as Independent Director at CARRIER GLOBAL Corp.

“The Board of Directors of Carrier Global Corporation (the “Company”) appointed Amy E. Miles as an independent director, effective January 15, 2025, with a term expiring at the 2025 Annual Meeting of Shareowners.”

Jurgen Timperman departed as President, Fire & Security at CARRIER GLOBAL Corp.

“On June 18, 2024, Carrier Global Corporation (the "Company") announced that Jurgen Timperman, President, Fire & Security of the Company, would be stepping down, effective as of July 1, 2024”

Beth A. Wozniak departed as Director at CARRIER GLOBAL Corp.

“On June 19, 2024, Carrier Global Corporation (the “Company”) announced that Beth A. Wozniak, a member of the Company’s Board of Directors and its Governance and Technology and Innovation committees, will step down from the Board and the committees on which she serves effective immediately.”

Timothy N. White changed role as Senior Vice President and Chief Product Officer at CARRIER GLOBAL Corp.

“On June 6, 2024, Carrier Global Corporation (the “Company”) announced that Timothy N. White, the Company’s President, Refrigeration, will transition into the newly-established role of Senior Vice President and Chief Product Officer of the Company, effective July 1, 2024.”

CARRIER GLOBAL Corp incurred revolving credit of $500 million with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR Rate plus 0.10% and a ratings-based margin maturing 364 days.

“On May 17, 2024, Carrier Global Corporation (the "Company") refinanced and replaced a Prior Credit Agreement (as defined below) by entering into a 364-day senior unsecured revolving credit agreement among the Company and Carrier Intercompany Lending Designated Activity Company as borrowers, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, facilitating borrowings of up to $500 million (the "Credit Agreement").”

CARRIER GLOBAL Corp terminated 364-day senior unsecured revolving credit agreement with JPMorgan Chase Bank, N.A. valued at $500 million prior credit facility (effective 2024-05-17).

“Simultaneous with the entry into the Credit Agreement, the Company terminated its existing 364-day senior unsecured revolving credit agreement, dated as of May 19, 2023 (the “Prior Credit Agreement”) among the Company and Carrier Intercompany Lending Designated Activity Company as borrowers, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, which provided for a $500 million senior unsecured 364-day revolving credit facility.”

CARRIER GLOBAL Corp entered into 364-day senior unsecured revolving credit agreement with JPMorgan Chase Bank, N.A. valued at $500 million (effective 2024-05-17).

“On May 17, 2024, Carrier Global Corporation (the “Company”) refinanced and replaced a Prior Credit Agreement (as defined below) by entering into a 364-day senior unsecured revolving credit agreement among the Company and Carrier Intercompany Lending Designated Activity Company as borrowers, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, facilitating borrowings of up to $500 million (the “Credit Agreement”).”

CARRIER GLOBAL Corp reported first quarter of 2024 results: revenue $6.2 billion, net income $269 million, EPS $0.29. Guidance reaffirmed.

“in 2024 as the net proceeds from the announced transactions help us return to ~2x net leverage this year.” 1 First Quarter 2024 Results Carrier’s first quarter sales of $6.2 billion were up 17% compared to the prior year including 2% organic growth and approximately 16% contribution from the acquisition of Viessmann Climate Solutions offset by about 1% from”

CARRIER GLOBAL Corp shareholders rejected A shareowner proposal requesting a lobbying transparency report. at the 2024-04-18 meeting.

“A shareowner proposal requesting a lobbying transparency report. The proposal was not approved, and the voting results are as follows: Votes For Votes Against Abstentions Broker Non-Votes 176,919,318 588,110,619 4,768,339 59,146,605”

CARRIER GLOBAL Corp shareholders approved A proposal to ratify the appointment of PricewaterhouseCoopers LLP, a firm of independent registered public accountants, to serve as the Company's independent auditor for 2024. at the 2024-04-18 meeting.

“A proposal to ratify the appointment of PricewaterhouseCoopers LLP, a firm of independent registered public accountants, to serve as the Company's independent auditor for 2024. The proposal was approved, and the voting results are as follows: Votes For Votes Against Abstentions 807,205,306 19,398,786 2,340,789”

CARRIER GLOBAL Corp shareholders approved A proposal that shareowners approve, on an advisory basis, the compensation of the Company's named executive officers. at the 2024-04-18 meeting.

“A proposal that shareowners approve, on an advisory basis, the compensation of the Company's named executive officers. The proposal was approved, and the voting results are as follows: Votes For Votes Against Abstentions Broker Non-Votes 450,052,923 318,425,751 1,319,602 59,146,605”

CARRIER GLOBAL Corp shareholders approved Election of Directors at the 2024-04-18 meeting.

“The following individuals were elected to serve as directors for a term expiring at the 2024 Annual Meeting of Shareowners or upon the election and qualification of their successors.”

CARRIER GLOBAL Corp shareholders rejected A shareowner proposal requesting a lobbying transparency report at the 2024-04-18 meeting.

“4) A shareowner proposal requesting a lobbying transparency report. The proposal was not approved, and the voting results are as follows: Votes For Votes Against Abstentions Broker Non-Votes 176,919,318 588,110,619 4,768,339 59,146,605”

CARRIER GLOBAL Corp shareholders approved A proposal to ratify the appointment of PricewaterhouseCoopers LLP, a firm of independent registered public accountants, to serve as the Company's independent auditor for 2024 at the 2024-04-18 meeting.

“3) A proposal to ratify the appointment of PricewaterhouseCoopers LLP, a firm of independent registered public accountants, to serve as the Company’s independent auditor for 2024. The proposal was approved, and the voting results are as follows: Votes For Votes Against Abstentions 807,205,306 19,398,786 2,340,789”

CARRIER GLOBAL Corp shareholders approved A proposal that shareowners approve, on an advisory basis, the compensation of the Company's named executive officers at the 2024-04-18 meeting.

“2) A proposal that shareowners approve, on an advisory basis, the compensation of the Company’s named executive officers. The proposal was approved, and the voting results are as follows: Votes For Votes Against Abstentions Broker Non-Votes 450,052,923 318,425,751 1,319,602 59,146,605”

CARRIER GLOBAL Corp shareholders approved Election of Directors at the 2024-04-18 meeting.

“1) Election of Directors. The following individuals were elected to serve as directors for a term expiring at the 2024 Annual Meeting of Shareowners or upon the election and qualification of their successors. The voting results for each of the nominees are as follows: Nominee Votes For Votes Against Abstentions Broker Non-Votes Jean-Pierre Garnier 760,252,552 8,949,738 595,986 59,146,605 David Gitlin 738,226,125 28,507,073 3,065,078 59,146,605 John J. Greisch 760,923,531 8,303,822 570,923 59,146,605 Charles M. Holley, Jr. 752,455,002 16,786,026 557,248 59,146,605 Michael M. McNamara 754,778,411 14,470,677 549,188 59,146,605 Susan N. Story 764,287,981 4,993,391 516,904 59,146,605 Michael A. Todman 749,186,117 20,056,734 555,425 59,146,605 Max Viessmann 763,900,235 5,242,896 655,145 59,146,605 Virginia M. Wilson 747,066,084 20,873,089 1,859,103 59,146,605 Beth A. Wozniak 759,299,069 9,903,765 595,442 59,146,605”

CARRIER GLOBAL Corp reported full-year 2024 results: revenue $26.5B, EPS $2.80 - $2.90. Guidance initiated.

“Carrier is announcing the following outlook for 2024: 2024 Guidance** Sales ~$26.5B Organic* up MSD FX 0% Acquisitions +20% Divestitures (5%) Adjusted Operating Margin* 15.0% - 15.5% Adjusted EPS* $2.80 - $2.90 Free Cash Flow* ~$0.7B Includes $1.7B of expected tax payments on the gains from the announced business exits, restructuring, and transaction-related costs”

CARRIER GLOBAL Corp reported full-year 2023 results: revenue $22.1B, net income $1.3B, EPS $1.58.

“Carrier’s 2023 sales of $22.1B increased 8% compared to the prior year including organic sales growth of 3% and a 5% impact from acquisitions and divestitures. Gross margins increased 210 basis points compared to the prior year. GAAP operating profit of $2.3B decreased 49% due to prior year gains on the sale of Chubb and the acquisition of Toshiba Carrier, while adjusted operating profit increased 11% to $3.2B. Operating margin decreased due to the prior year impact of the Chubb and Toshiba Carrier-related gains. Adjusted operating margin increased despite the impact from the consolidation of Toshiba Carrier. Strong price realization more than offset continued inflation and productivity savings more than offset strategic incremental investments. GAAP EPS was $1.58 and adjusted EPS was $2.73. Net income was $1.3B, and adjusted net income was $2.3B.”

CARRIER GLOBAL Corp completed an acquisition involving Viessmann Group GmbH & Co. KG for EUR 10.2 billion in cash and 58,608,959 common shares (closed 2024-01-02).

“Solutions ”). On January 2, 2024, Carrier completed the Acquisition. Pursuant to the Purchase Agreement, the purchase price paid by Purchaser to Seller consisted of (i) EUR 10.2 billion in cash (the “ Cash Consideration ”) and (ii) 58,608,959 common shares, par value $0.01, of Carrier (“ Carrier Common Stock ” and such consideration, the “ Share Consideration”

Maximilian Viessmann was appointed as member of the Board at CARRIER GLOBAL Corp.

“Effective as of the Closing, on January 2, 2024, Maximilian Viessmann was appointed as a member of the Board, with a term expiring at Carrier’s 2024 annual meeting of shareowners.”

CARRIER GLOBAL Corp entered into Purchase Agreement with Honeywell International Inc. valued at $4.95 billion (effective 2023-12-07).

“On December 7, 2023, Carrier Global Corporation (“ Carrier ”) entered into a Stock Purchase Agreement (the “ Purchase Agreement ”) with Honeywell International Inc. (“ Purchaser ”).”

CARRIER GLOBAL Corp reported third quarter of 2023 results: revenue $5.7 billion, net income $357 million, EPS $0.42. Guidance raised.

“Carrier’s third quarter sales of $5.7 billion were up 5% compared to the prior year and organic sales grew 3% over the same period.”

CARRIER GLOBAL Corp reported second quarter 2023 results: revenue $6.0 billion, net income $199 million, EPS $0.23. Guidance raised.

“Carrier’s second quarter sales of $6.0 billion were up 15% compared to the prior year and organic sales grew 6% over the same period. Organic sales strength continued in the HVAC segment with commercial HVAC up high-teens and North America residential and light commercial HVAC up 5% organically. Fire and Security sales were up 9% organically while Refrigeration sales were down 6% organically driven by lower volumes in container and commercial refrigeration only partially offset by strength in global truck and trailer demand. GAAP operating profit in the quarter of $489 million was down 40% from last year largely due to the one-time loss of $293 million associated with the deconsolidation of KFI following its Chapter 11 filing and the $111 million unrealized loss on the mark-to-market valuation of forward contracts associated with the Viessmann Climate Solutions acquisition. Adjusted operating profit of $964 million was up 12% compared to last year. Net income was $199 million and adjus”

CARRIER GLOBAL Corp incurred term loan of €2,300,000,000 with JPMorgan Chase Bank, N.A. as administrative agent and various financial institutions as lenders at Term SOFR Rate plus 0.10% and a ratings-based margin, or Alternate Base Rate plu maturing Tranche A: 18 months after May 19, 2023 (November 19, 2024); Tranche B: 3 years after May 19, 2023 (May 19, 2026).

“A senior unsecured delayed draw term loan credit agreement that permits borrowings of up to €2.3 billion, which commitments are in two tranches of equal amount: Tranche A, maturing 18 months after the Closing Date, and Tranche B, maturing 3 years after the Closing Date”

CARRIER GLOBAL Corp incurred revolving credit of $500,000,000 with JPMorgan Chase Bank, N.A. as administrative agent and various financial institutions as lenders at Term SOFR Rate plus 0.10% and a ratings-based margin, or Alternate Base Rate plu maturing 364 days from May 19, 2023.

“A 364-day senior unsecured revolving credit agreement, facilitating borrowings of up to $500 million (the “364-Day Revolving Credit Agreement”)”

CARRIER GLOBAL Corp incurred revolving credit of $2,000,000,000 with JPMorgan Chase Bank, N.A. as administrative agent and various financial institutions as lenders at Term SOFR Rate plus 0.10% and a ratings-based margin, or Alternate Base Rate plu maturing May 19, 2028.

“A 5-year senior unsecured revolving credit agreement, facilitating borrowings of up to $2 billion, with a maturity date of May 19, 2028 (the “5-Year Revolving Credit Agreement”)”

CARRIER GLOBAL Corp terminated Prior Credit Agreement with various financial institutions valued at $2,000,000,000 (effective 2023-05-19).

“Simultaneous with the entry into the New Credit Agreements, the Company terminated its existing revolving credit agreement, initially dated February 10, 2020, and subsequently amended by that certain Amendment No. 1 on June 2, 2020 and Amendment No. 2 on November 15, 2021 (as previously amended, the "Prior Credit Agreement"), which provided for a $2.0 billion senior unsecured revolving credit facility.”

CARRIER GLOBAL Corp entered into Term Loan Credit Agreement with JPMorgan Chase Bank, N.A. valued at €2,300,000,000 (effective 2023-05-19).

“3. A senior unsecured delayed draw term loan credit agreement that permits borrowings of up to €2.3 billion, which commitments are in two tranches of equal amount: Tranche A, maturing 18 months after the Closing Date, and Tranche B, maturing 3 years after the Closing Date (together, the "Term Loan Credit Agreement"”

CARRIER GLOBAL Corp entered into 364-Day Revolving Credit Agreement with JPMorgan Chase Bank, N.A. valued at $500,000,000 (effective 2023-05-19).

“2. A 364-day senior unsecured revolving credit agreement, facilitating borrowings of up to $500 million (the "364-Day Revolving Credit Agreement"),”

CARRIER GLOBAL Corp entered into 5-Year Revolving Credit Agreement with JPMorgan Chase Bank, N.A. valued at $2,000,000,000 (effective 2023-05-19).

“On May 19, 2023, Carrier Global Corporation (the "Company") entered into the following credit agreements: 1. A 5-year senior unsecured revolving credit agreement, facilitating borrowings of up to $2 billion, with a maturity date of May 19, 2028 (the "5-Year Revolving Credit Agreement"),”

CARRIER GLOBAL Corp entered into Share Purchase Agreement with Viessmann Group GmbH & Co. KG valued at EUR 12 billion (EUR 9.6 billion in cash and 58,608,959 shares of Carrier Common Stock) (effective 2023-04-25).

“On April 25, 2023, Carrier Global Corporation (“ Carrier ”) and Blitz F23-620 GmbH (to be renamed Johann Purchaser GmbH) (“ Purchaser ”), a wholly owned subsidiary of Carrier, entered into a Share Purchase Agreement (the “ Purchase Agreement ”) with Viessmann Group GmbH & Co. KG (“ Seller ”). Pursuant to the Purchase Agreement, on the terms and subject to the conditions therein, Seller has agreed to sell, and Purchaser has agreed to acquire (the “ Acquisition ”), Seller’s climate solutions business (the “ Business ”), through the acquisition of Viessmann Climate Solutions SE (the “ Company ”). The Purchase Agreement includes a locked box mechanism, pursuant to which the purchase price of EUR 12 billion (the “ Base Purchase Price ”) has been fixed upfront by reference to the balance sheet position of the Company as of December 31, 2022, 24.00 hours (CET) (the “ Effective Date ”). The Base Purchase Price consists of (i) EUR 9.6 billion in cash (the “ Cash Consideration ”) (which Cash Con”

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.

“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”

CARRIER GLOBAL Corp shareholders rejected Shareowner proposal requesting adoption of a policy that two separate people hold the office of Chairman of the Board and the office of Chief Executive Officer at the 2023-04-20 meeting.

“4) A shareowner proposal requesting adoption of a policy that two separate people hold the office of Chairman of the Board and the office of Chief Executive Officer. The proposal was not approved, and the voting results are as follows: Votes For Votes Against Abstentions Broker Non-Votes 125,683,133 565,379,307 1,576,912 64,184,138”

CARRIER GLOBAL Corp shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as independent auditor for 2023 at the 2023-04-20 meeting.

“3) A proposal to ratify the appointment of PricewaterhouseCoopers LLP, a firm of independent registered public accountants, to serve as the Company’s independent auditor for 2023. The proposal was approved, and the voting results are as follows: Votes For Votes Against Abstentions 752,865,024 1,508,810 2,449,656”

CARRIER GLOBAL Corp shareholders approved Advisory vote to approve named executive officer compensation at the 2023-04-20 meeting.

“2) A proposal that shareowners approve, on an advisory basis, the compensation of the Company’s named executive officers. The proposal was approved, and the voting results are as follows: Votes For Votes Against Abstentions Broker Non-Votes 650,872,725 40,181,775 1,584,852 64,184,138”

CARRIER GLOBAL Corp shareholders approved Election of Directors at the 2023-04-20 meeting.

“1) Election of Directors. The following individuals were elected to serve as directors for a term expiring at the 2024 Annual Meeting of Shareowners or upon the election and qualification of their successors. The voting results for each of the nominees are as follows: Nominee Votes For Votes Against Abstentions Broker Non-Votes Jean-Pierre Garnier 684,064,458 7,988,427 586,467 64,184,138 David Gitlin 665,428,398 24,073,185 3,137,769 64,184,138 John J. Greisch 684,408,579 7,639,220 591,553 64,184,138 Charles M. Holley, Jr. 679,313,348 12,736,222 589,782 64,184,138 Michael M. McNamara 682,972,123 8,850,989 816,240 64,184,138 Susan N. Story 689,448,436 2,633,807 557,109 64,184,138 Michael A. Todman 672,628,848 19,405,100 605,404 64,184,138 Virginia M. Wilson 662,964,895 29,127,157 547,300 64,184,138 Beth A. Wozniak 683,378,641 8,716,087 544,624 64,184,138”

CARRIER GLOBAL Corp reported full year 2023 results: revenue ~$22 billion, EPS $2.50 - $2.60. Guidance initiated.

“growth • GAAP EPS of $4.10 and adjusted EPS of $2.34 • Net cash flow from operating activities of $1.7 billion and free cash flow of $1.4 billion Outlook for 2023 • Sales of ~$22 billion with low to mid-single digit organic* growth • Adjusted operating margin* of ~14%, includes ~50 bps negative impact from TCC • Adjusted EPS* of $2.50 - $2.60, up high-single to”

CARRIER GLOBAL Corp reported full year 2022 results: revenue $20.4 billion, net income $3.5 billion, EPS $4.10.

“• GAAP EPS of $0.32 and adjusted EPS of $0.40 • Net cash flow from operating activities of $1.1 billion and free cash flow of $983 million Full Year 2022 Highlights • Sales of $20.4 billion, down 1% compared to 2021 including 8% organic growth • GAAP EPS of $4.10 and adjusted EPS of $2.34 • Net cash flow from operating activities of $1.7 billion and free cash flow”

CARRIER GLOBAL Corp reported fourth quarter 2022 results: revenue $5.1 billion, net income $270 million, EPS $0.32.

“a filing. Section 9—Financial Statements and Exhibits --- EX-99 (EX-99) --- Carrier Reports 2022 Results and Announces 2023 Outlook Fourth Quarter 2022 Highlights • Sales of $5.1 billion, down 1% compared to 2021 including 5% organic growth • GAAP EPS of $0.32 and adjusted EPS of $0.40 • Net cash flow from operating activities of $1.1 billion and free cash flow”

CARRIER GLOBAL Corp reported third quarter 2022 results: revenue $5.5 billion, net income $1.3 billion, EPS $1.53. Guidance reaffirmed.

“Carrier’s third quarter sales of $5.5 billion were up 2% compared to the prior year”

Susan N. Story was appointed as Director at CARRIER GLOBAL Corp.

“appointed Susan N. Story as an independent director, effective January 15, 2023”

John V. Faraci departed as Director at CARRIER GLOBAL Corp.

“On December 14, 2021, John V. Faraci informed Carrier Global Corporation (the “ Company ”) that he will not stand for re-election to the Company’s Board of Directors (the “ Board ”) at the Company’s 2022 annual meeting of shareowners (the “ 2022 Annual Meeting ”).”

Timothy N. White was named as President, Refrigeration at CARRIER GLOBAL Corp.

“The Company also announced today that Timothy N. White has been named President, Refrigeration, of the Company, effective August 16, 2021.”

David Appel changed role as President, Refrigeration at CARRIER GLOBAL Corp.

“On July 12, 2021, Carrier Global Corporation (the “Company”) and David Appel mutually agreed that, effective August 16, 2021, Mr. Appel will step down from his position as President, Refrigeration, of the Company and will lead the Refrigeration segment’s Commercial Refrigeration business.”