CARRIER GLOBAL Corp

Company facts

Industry

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip

Headquarters

Palm Beach Gardens, Florida

Most recent report

10-Q, filed Jul 28, 2026

Incorporated

Delaware

Filings on record

566 filings

On EDGAR

CIK 1783180

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 4 of 11 sections worth reading, with 0 positive, 5 notable, and 5 negative flags.

• Financial Statements (Item 1)

  Financial statements with earnings decline, AFFF settlement, and new antitrust suit.
  Notable

  • Six-month effective tax rate fell to 9.4% from 20.1% due to $99M valuation allowance release.
  • Riello impairment charge of $46M in Q2 2026.
  Negative

  • AFFF settlement requires $615M cash over five years; $565M liability recorded.
  • New antitrust class actions filed in March 2026 alleging HVAC price-fixing.

• Management's Discussion (Item 2)

  Pervasive profit declines from tariff costs, segment margin erosion, and Riello impairment need attention.
  Notable

  • $46M impairment on Riello business recorded in Q2 2026; sale completed July 1 for gross proceeds of ~$430M.
  • Share repurchases slowed to $748M in six months 2026 from $1.6B in 2025; $4.6B remains available.
  Negative

  • Gross margin rate dropped 170 bps to 27.2% in Q2 2026 and 300 bps to 25.4% for six months; driven by tariffs.
  • China net sales declined 14% in Q2 2026 and 13% in six months due to economic challenges affecting demand and price.

• Unregistered Sales and Repurchases (Item 2)

  Detailed share repurchase data with pace increase vs prior quarter.
  Notable

  • Board authorized up to $12.1 billion since 2021; $4.58B remains as of June 30, 2026.

• Other Information (Item 5)

  New disclosure of Iran transactions, sanctions risk.
  Negative

  • Disclosed post-acquisition services to Iran embassy; sanctions risk despite small $1,600 amount.

What changed: Jun 2026 vs. Mar 2026

About 20% of CARR's Jun 2026 10-Q is new information. 54 paragraphs were added, 117 changed, and 18 removed. Below are the most important lines SECSift identified.

• Item 2 73
• Item 1 23
• Item 5 4
• Item 6 4
• Item 4 2
• Item 3 1