Dave Gitlin
President and Chief Executive Officer
Replay available
Carrier Global Corporation (CARR) Q3 2025 Earnings Call
Carrier Global Corporation (NYSE: CARR) Q3 2025 earnings conference call, held 2025-10-28. Replay captured from the company's public earnings webcast.
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Jeffrey Sprake
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Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:04.937 items. A reconciliation of these and other non-GAAP financial measures can be found in 00:00:04.937 -- 00:00:09.703 the appendix of the webcast. We also remind listeners that the presentation contains 00:00:09.703 -- 00:00:14.870 forward-looking statements which are subject to risks and uncertainties. 00:00:14.870 -- 00:00:20.457 Carrier's SEC filings, including our Form 10-K and quarterly reports on Form 10-Q, 00:00:20.457 -- 00:00:26.004 provide details on important factors that could cause actual results to differ materially. 00:00:26.004 -- 00:00:28.533 With that, I'd like to turn the call over to Dave. 00:00:28.533 -- 00:00:30.997 Thanks, Mike, and good morning, everyone. 00:00:30.997 -- 00:00:34.742 Q3 was generally in line with what we shared in mid-September. 00:00:34.742 -- 00:00:38.988 At the Laguna Investor Conference, we indicated that North American resi softness would 00:00:38.988 -- 00:00:44.356 create about a $500 million sales challenge and a 20 to 25 cent adjusted 00:00:44.356 -- 00:00:49.223 EPS headwind in the quarter. The actual impact was consistent with that. 00:00:49.223 -- 00:00:53.269 Partially offsetting this was better than expected performance in commercial HVAC in 00:00:53.269 -- 00:00:58.622 the Americas, which was up 30% in the quarter, continued aftermarket traction, 00:00:58.622 -- 00:01:02.005 cost containment, and a discrete tax benefit. 00:01:02.005 -- 00:01:06.849 We also drove continued double digit sales growth across multiple parts of our business, 00:01:06.849 -- 00:01:11.874 including CSE residential heat pumps, container, and our businesses in 00:01:11.874 -- 00:01:14.316 India and the Middle East. 00:01:14.316 -- 00:01:18.980 In addition to driving strong growth across many parts of our ...