Carrier Global Corp (NYSE: CARR) is a climate and energy solutions company that manufactures and services heating, ventilation, air conditioning, and cold chain equipment for residential, commercial, and industrial customers worldwide. Revenue comes from selling products and controls, complete system installations, and aftermarket services including repair, maintenance, monitoring, and replacement components across the product lifecycle. Following a major portfolio restructuring completed during 2024, which included the acquisition of Viessmann's climate solutions business and the divestiture of its Fire and Security and Commercial Refrigeration segments, Carrier operates as a pure-play HVAC and climate solutions provider. Net sales were $21.7 billion in FY2025 and $22.5 billion in FY2024. The company is led by Chairman and CEO David Gitlin, with Patrick Goris serving as CFO as of the 10-K filing date of February 5, 2026. Brands include Carrier, Viessmann, Toshiba, Automated Logic, Bryant, Carrier Transicold, CIAT, Day and Night, Heil, and NORESCO.
- Revenue model
- Carrier earns revenue through three streams: product and controls sales (equipment sold to contractors, distributors, wholesalers, dealers, and retail outlets), system solutions (design, installation, and integration), and aftermarket services (repair, maintenance, monitoring, modernization, and replacement components). The aftermarket and lifecycle services component is a stated strategic growth priority.
- Products and services
- Products include air conditioners, heat pumps, heating systems, home and building energy management systems, and aftermarket components. Services include audit, design, installation, system integration, repair, maintenance, and monitoring. Digital platforms include Abound, a cloud-based building management platform, and Lynx, a cold chain visibility platform developed with Amazon Web Services. Key brands are Carrier, Viessmann, Toshiba, Automated Logic, Bryant, Carrier Transicold, CIAT, Day and Night, Heil, and NORESCO.
- Customers and end markets
- Carrier serves residential, commercial, education, healthcare, technology, retail, hospitality, data center, and infrastructure markets. Products are sold directly to building contractors and owners and indirectly through joint ventures, independent sales representatives, distributors, wholesalers, dealers, and retail outlets. No single customer concentration figures are disclosed in the excerpts.
- Value-chain role
- Carrier operates as an original equipment manufacturer, system integrator, and aftermarket service provider across the HVAC and cold chain value chain. It designs and manufactures equipment, installs and integrates systems, and provides ongoing digital monitoring, maintenance, and lifecycle upgrades. The Abound and Lynx digital platforms extend the company's role into connected building and supply chain data management.
- Geographic exposure
- Carrier reports across four segments as of the restructured business: Climate Solutions Americas, Climate Solutions Europe (which houses the acquired Viessmann business), Climate Solutions Asia Pacific Middle East and Africa, and Climate Solutions Transportation. The Viessmann acquisition in January 2024 expanded the European residential and light commercial HVAC footprint. A sale agreement for the Riello business was entered on December 16, 2025.
