Automated Logic Acquires Logical Building Automation (Australia)

Automated Logic, a provider of building management solutions and a subsidiary of Carrier Global Corporation, announced the acquisition of Logical Building Group Pty Ltd—also known as Logical Building Automation—an independent controls contractor based in New South Wales, Australia.

This acquisition strengthens Automated Logic’s presence in the Australian market, expanding its capabilities in building automation and control systems. Logical Building Automation, recognized for integrated and cost-effective energy solutions, will now operate as part of Carrier Automated Logic Australia Pty Ltd.

Karl Mahoney, Managing Director of Carrier Australia, stated that the move aligns with Carrier's growth strategy by combining Automated Logic’s technology with Logical’s strong local expertise in building management services.

Carrier Q1 2025 Earnings

Carrier Global Corporation reported a strong first quarter of 2025, marked by increased profitability, robust free cash flow, and raised full-year guidance, despite a decline in reported sales due to divestitures.

Headline results:

- Net sales: $5.22 billion, down 4% year-over-year due to divestitures, but organic sales increased 2%
- GAAP EPS: $0.47 (up 147% from $0.19)
- Adjusted EPS: $0.65 (up 27% from $0.51)
- GAAP operating margin: 12.1% (up 500 basis points)
- Adjusted operating margin: 16.2% (up 210 basis points)
- Operating profit: $629 million (up 63%); Adjusted operating profit: $843 million (up 10%)
- Net income from continuing operations: $412 million

Cash and capital:

- Free cash flow: $420 million, up from negative $64 million a year ago
- Operating cash flow: $483 million
- Carrier returned $1.5 billion to shareholders via $1.3 billion in share repurchases and $200 million in dividends
- Paid down $1.2 billion in debt
- Ended Q1 with $1.7 billion in cash and $9.5 billion in net debt

Segment performance:

- Climate Solutions Americas: Sales up 9%, segment margin up 420 bps to 22.2%
- Climate Solutions Europe: Sales down 10%, segment margin down 390 bps to 9.0%
- Climate Solutions Asia Pacific, Middle East & Africa: Sales down 7%, segment margin up 240 bps to 14.6%
- Climate Solutions Transportation: Sales down 26% due to divestiture, but margin rose to 14.9%

Full-year 2025 guidance (updated):

- Revenue: ~$23 billion (unchanged), organic growth mid-single digits, divestiture headwind of ~$750 million
- Adjusted EPS: Raised to $3.00–$3.10 (from $2.95–$3.05)
- Adjusted operating margin: 16.5%–17.0%
- Free cash flow: $2.4–$2.6 billion

Carrier emphasized strong order trends, backlog growth, and success in mitigating current tariffs. Management cited strength in commercial and residential climate solutions in the Americas and solid margin expansion across most regions.

Carrier Recognized for Advancing Digital Supply Chain with LeanDNA

Carrier Global Corporation was named a finalist in the *Digital Supply Chain* category of the 2025 Manufacturing Leadership Awards by the National Association of Manufacturers. This recognition highlights Carrier’s digital transformation of its inventory and supply chain operations, especially within its HVAC business unit.

To address post-pandemic supply chain challenges, Carrier partnered with LeanDNA, implementing real-time digital tools that provide actionable insights, reduce inventory shortages, and optimize stock levels. This effort has significantly improved operational efficiency and laid the groundwork for broader digital transformation across the company.

Carrier's VP of Operations Strategy & Planning, Piyush Bhargava, emphasized the importance of digital technologies in creating a more agile and customer-focused supply chain. LeanDNA CEO Andy Ellenthal praised the partnership's success in leveraging real-time data to boost efficiency and collaboration.

Both companies will be recognized at the Manufacturing Leadership Awards Gala on June 18, 2025, in Florida.

Carrier Transicold Introduces All-Electric Vector 8200 for On-site Cold Storage

Carrier Transicold launched the Vector 8200, an all-electric, engineless refrigeration unit designed for stationary trailer cold storage. Powered by the grid or external sources, the unit eliminates diesel-related fuel use, emissions, noise, and operating costs. Featuring the TRU-Demand E-Drive system, it ensures stable power usage even during electrical fluctuations. The Vector 8200 offers up to 58,000 BTU/hr cooling capacity, advanced temperature controls, telematics integration, and maintenance-free components, providing an efficient and sustainable solution for companies managing sensitive cargo.

Carrier Transicold unveils electric Vector TRU enhancements at ACT Expo 2025

Carrier Transicold, a division of Carrier Global Corporation (NYSE: CARR), announced significant upgrades to its Vector electric transport refrigeration unit (TRU) family at the 2025 Advanced Clean Transportation (ACT) Expo. These enhancements focus on reducing emissions, fuel use, noise, and operating costs for refrigerated transport fleets.

Highlights from the ACT Expo:

- Vector 8200: A new all-electric, engineless TRU designed for single or multi-temperature trailer operations. It draws electricity from the grid or other external sources and adjusts to changes in facility power supply. With four remote evaporator options, it supports flexible trailer configurations.

- Next-generation Vector eCool: Features an upgraded power management system that boosts energy efficiency. Using in-wheel electric motors, it can generate up to 160 kWh of peak power and store it in a 45-kWh battery. The system regenerates energy during transit and enables fully electric trailer operations when paired with an electric tractor.

- Expanded eCool lineup: Includes Supra eCool for straight trucks and Neos 200e for small delivery vehicles, expanding Carrier’s range of zero-emission TRUs.

- Lynx Fleet telematics: Provides real-time analytics and remote diagnostics for both diesel and electric TRUs, helping fleets monitor performance and optimize operations.

Carrier Transicold continues to advance its electric refrigeration technology to support sustainable freight transport. Visitors can explore these solutions at ACT Expo Booth 6767 or online at www.trucktrailer.carrier.com.

Carrier Japan Launches Abound HVAC Performance to Enhance Lifecycle Efficiency and Comfort

Carrier Japan, a division of Carrier Global Corporation (NYSE: CARR), has introduced Abound™ HVAC Performance, a new solution offering advanced lifecycle management designed to improve HVAC system efficiency, reliability, and occupant comfort. The launch aligns with the company’s recently opened 24/365 Command Center in Tokyo, enabling proactive digital monitoring and optimized power management.

Abound HVAC Performance expands upon Carrier Japan’s TCCR-NET™ remote monitoring capabilities and complies with GL-17, the Japan Refrigeration and Air Conditioning Industry Association’s refrigerant leak monitoring guideline. It provides continuous system monitoring, secure wireless connectivity to Carrier’s cloud, and tools for efficient maintenance, compliance reporting, and early issue detection.

The service is part of Carrier’s global *BluEdge™* platform, designed to reduce downtime, manage risk, and extend equipment lifespan across commercial water-cooled and air-cooled systems.

Toru Kubo, President of Carrier Japan, said, “With the integration of the Command Center and Abound HVAC Performance, we’re delivering smarter lifecycle solutions that improve response times and support our customers in maintaining reliable operations.”

Abound HVAC Performance is now available for commercial clients across Japan.

Carrier Named One of America’s Climate Leaders by USA Today for Second Consecutive Year

On Earth Day, Carrier Global Corporation (NYSE: CARR) was once again recognized by USA Today as one of America’s Climate Leaders. This marks the second consecutive year the company has earned the distinction, which highlights U.S.-based organizations making significant progress in cutting greenhouse gas emissions.

Carrier was selected for achieving one of the largest reductions in emissions intensity—measured by emissions relative to revenue—between 2021 and 2023, based on an analysis conducted by USA Today and Statista.

“Carrier is at the forefront of innovation for sustainable HVAC, cold chain and energy management solutions,” said Hakan Yilmaz, Carrier’s Chief Technology and Sustainability Officer. “This recognition affirms our commitment to people and the planet for generations to come.”

As the largest U.S.-headquartered company in the HVAC and refrigeration industry, Carrier continues to focus on building-wide optimization, advanced system integration and grid resilience. These efforts are aimed at supporting global sustainability goals and enabling cost-saving energy efficiencies for homes and businesses.

Carrier India Opens HVAC Skill Development Centre with Jamia Millia Islamia

Carrier India launched its first Centre of Excellence for HVAC skill development in partnership with Jamia Millia Islamia’s University Polytechnic and United Way of India. The centre offers students practical training with modern HVAC technologies, soft skills development, and mentorship from industry experts. The initiative supports India's skill development goals and promotes innovation in energy-efficient solutions. Carrier India Managing Director Sundaresan Narayanan called it a key milestone for empowering future HVAC professionals.

Carrier Global Shareholders Approve Incentive Plan Expansion and Reelect Directors at 2025 Annual Meeting
PALM BEACH GARDENS, Fla., April 11, 2025 – Carrier Global Corporation (NYSE: CARR) today announced the results of its 2025 Annual Meeting of Shareowners, held on April 9. Shareholders approved an amendment to the Carrier Global Corporation 2020 Long-Term Incentive Plan, increasing the number of shares authorized for issuance by 17 million.

All ten nominated directors were reelected for one-year terms. Notably, Amy E. Miles and Max Viessmann received over 98% of votes cast in favor of their elections.

In other matters:

Shareholders approved, on an advisory basis, the 2024 compensation of Carrier’s named executive officers.

The appointment of PricewaterhouseCoopers LLP as independent auditor for 2025 was ratified with over 94% approval.

A shareholder proposal requesting a lobbying transparency report was rejected, with over 85% of votes cast against the proposal.

A quorum representing approximately 91% of outstanding shares was present at the meeting.

Carrier Global Corporation (NYSE:CARR), global leader in intelligent climate and energy solutions, announced today that its Board of Directors declared a quarterly dividend of $0.225 per outstanding share of Carrier common stock. The dividend will be payable on May 22, 2025 to shareowners of record at the close of business on May 2, 2025.

Sensitech to Present Advanced Supply Chain Visibility Solutions at LogiPharma 2025

Sensitech will showcase its latest supply chain visibility technologies for the life sciences industry at LogiPharma 2025, held April 8–10 in Lyon, France. The highlight is the introduction of *Lynx FacTOR*, a device-agnostic SaaS solution designed to automate product release processes in pharmaceutical cold chains. This innovation significantly shortens product stability assessments from days to minutes, improving safety and efficiency.

Sensitech will also feature its *TempTale GEO X* real-time temperature monitoring device and *Lynx Logix* risk assessment software. Company experts will participate in panel discussions on aligning technology with temperature-controlled logistics and advancing sustainability through collaborative environmental practices. Attendees can explore these offerings and meet with experts at booths 123 and 78. Sensitech is a subsidiary of Carrier Global Corporation, a leader in climate and energy solutions.

Carrier Transicold launches mobile app to improve cold chain fleet management

Carrier Transicold has introduced a new mobile version of its Lynx Fleet digital platform, designed to give drivers and fleet managers real-time access to critical cold chain data on the go. Available across Europe for Android and iOS, the app allows users to monitor temperatures, asset conditions, and unit status in real time, improving operational efficiency and helping prevent cargo spoilage. Developed in collaboration with over 40 European test fleets, the app offers a streamlined interface, unlimited user access per account, and integration with the existing Lynx Fleet system to support cold chain compliance and reduce costly delays.

Carrier wins two top project awards for energy innovation and software implementation

Carrier Global Corporation has received two Top Project of the Year Awards at the 2025 Environment + Energy Leader Awards for its Abound solutions. The company was recognized in the Energy Innovation category for helping a major athletic retailer reduce energy use by over 15% across 400 stores and in the Software Implementation category for improving energy efficiency in over 2,100 stores of a U.S. discount retail chain, saving more than 145 million kWh and an estimated $6.9 million. These achievements reflect Carrier’s use of AI- and IoT-enabled tools to enhance operational efficiency and sustainability in retail environments.

Co-op has completed the UK's first trial of Carrier Transicold's new Supra HE 11 MT truck refrigeration unit, achieving a 25% reduction in fuel consumption and 10% less electricity use on standby. These efficiency gains could cut CO2 emissions by 2.5 tonnes per unit annually. Impressed by the results, Co-op has ordered 86 more units for 2025.

The Supra HE 11 MT is quieter, lighter, and more compact, reducing noise by 2dB(A) and requiring fewer maintenance visits. It enhances sustainability with fewer refrigerant leakage points. The trial unit, operating from Co-op’s Newhouse facility, will remain part of its 2,300-vehicle fleet. Carrier Transicold will also supply Co-op with 106 additional temperature-controlled systems in 2025.

Carrier Global Corporation has launched Lynx FacTOR, a software-as-a-service solution designed to automate pharmaceutical product release evaluations. This technology streamlines processes, minimizes manual labor, and enhances compliance with regulatory standards. By reducing assessment times from days to minutes, it accelerates batch release cycles and improves decision-making across the cold chain.

Pharmaceutical companies often face challenges related to manual data analysis, shipment delays, and compliance requirements. Lynx FacTOR provides a single source of truth by consolidating data from multiple sources, evaluating product viability in real time, and ensuring stability status. The solution aims to improve supply chain efficiency, reduce order lead times, and enhance operational accuracy.

Carrier executives emphasized that Lynx FacTOR represents a major advancement in pharmaceutical supply chain management, increasing patient safety while optimizing productivity. The solution is now available through Sensitech, a Carrier company, and will be showcased at LogiPharma 2025 in Lyon, France.

Carrier has announced the launch of its first Environmental Product Declaration (EPD) for residential HVAC systems in North America, reinforcing its commitment to sustainability and transparency. The EPD covers the Comfort Fan Coil and Performance Variable-Speed Compact Heat Pump, providing detailed environmental impact data, including carbon dioxide emissions, energy consumption, and resource usage.

This independent declaration follows ISO 14025 standards and is based on life cycle assessment (LCA) methodology, ensuring credibility and consistency in environmental performance evaluation. Carrier's initiative aligns with its broader sustainability strategy, which includes a $4 billion investment in intelligent climate and energy solutions aimed at reducing environmental impact and helping customers avoid more than one gigaton of greenhouse gas emissions by 2030.

Carrier was recently recognized as a 2024 Eco-Leader by Green Builder Media for its commitment to sustainability transparency, including the publication of 48 EPDs for HVAC products worldwide. By providing detailed environmental impact information, Carrier empowers consumers, contractors, and building professionals to make more sustainable choices.

The EPD for Carrier’s residential HVAC products is now available for download. For more information, visit carrier.com or follow @Carrier on X.

Carrier and Google Cloud are collaborating to enhance grid resilience through AI-powered home energy management systems. Carrier’s Home Energy Management System (HEMS) will integrate with Google Cloud’s AI analytics and WeatherNext models to optimize energy use in residential HVAC systems. The initiative aims to balance supply and demand across the grid by allowing homeowners to store and use battery energy during peak hours, reducing electricity costs and strain on the grid.

The partnership aligns with Google's goal of advancing carbon-free energy solutions and Carrier's commitment to reducing greenhouse gas emissions. By leveraging AI, the system will forecast energy demand, manage battery storage, and optimize HVAC performance based on real-time grid conditions and weather predictions. This technology is expected to improve energy efficiency, reduce grid congestion, and support economic growth.

Carrier’s next-generation heat pump, featuring battery storage and AI-driven grid interaction, was first announced at Climate Week NYC and will roll out in phases through 2027. The collaboration aims to create a more intelligent and flexible energy infrastructure, benefiting homeowners while supporting the broader transition to a sustainable energy ecosystem.

Carrier Global Corporation filed an SEC Form 8-K on January 15, 2025, announcing the appointment of Amy E. Miles as an independent director to its Board of Directors. Her term will extend until the 2025 Annual Meeting of Shareowners. Ms. Miles has also been appointed to the Board’s Audit Committee and Governance Committee. The appointment was not influenced by any arrangements or understandings with third parties, and neither she nor her immediate family members have any reportable transactions with the company.

Ms. Miles will receive compensation aligned with Carrier’s standard programs for non-employee directors. This development reflects Carrier’s commitment to strengthening its Board with experienced leaders. The filing also includes a press release detailing the appointment and relevant disclosures.