Carrier reported Q3 2025 results in line with expectations, reflecting a $500 million sales challenge due to residential softness, countered by robust growth in Commercial HVAC and cost management initiatives.

• Commercial HVAC sales surged 30%, significantly mitigating challenges in the residential segment.
• Aggressive cost-cutting measures, including the elimination of 3,000 indirect positions, aim to enhance operational efficiency.
• The company is on track for its fifth consecutive year of double-digit growth in aftermarket services, with 12% growth reported this quarter.
• Carrier's Board authorized a new $5 billion share repurchase program, underscoring confidence in future performance.
• Strategic investments in heat pump technology and digital platforms are expected to drive long-term growth, particularly in Europe.