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Carrier Global CEO Warns of 40% Residential HVAC Drop, Sees Growth in Data Centers
ByAinvest
Wednesday, Sep 10, 2025 4:51 pm ET1min read
Carrier Global CEO David Gitlin warned of a 40% drop in residential HVAC sales at Morgan Stanley's Laguna Conference, but highlighted growth in commercial HVAC, data centers, and aftermarket services.
Carrier Global Corporation (NYSE: CARR) recently reported a 40% drop in residential heating, ventilation, and air conditioning (HVAC) sales, as warned by CEO David Gitlin during Morgan Stanley's Laguna Conference. However, the company is focusing on growth opportunities in commercial HVAC, data centers, and aftermarket services to offset this decline.Gitlin's warning comes as the company's earnings report showed an earnings per share (EPS) of $0.92, exceeding consensus estimates, along with a net margin of 18.33% and revenue of $6.11 billion for the quarter ending July 29, 2025 [1]. Despite the drop in residential HVAC sales, Carrier Global has seen increased demand in commercial HVAC, data centers, and aftermarket services, which the company is leveraging to maintain its financial performance.
Institutional investors have shown confidence in Carrier Global's growth prospects, with several funds adding to their stakes in the company. For instance, CTC Alternative Strategies Ltd. purchased 5,000 shares valued at approximately $317,000 during the first quarter, while other institutional investors like Park Square Financial Group LLC and Accredited Wealth Management LLC also bought new stakes in the company .
Analysts have provided mixed ratings for Carrier Global, with a consensus rating of "Moderate Buy" and an average price target of $84.47. While some analysts, such as Citigroup and Morgan Stanley, have maintained their "buy" ratings, others, like Barclays, have decreased their price targets .
Carrier Global's stock performance has been relatively stable, with shares opening at $65.49 on Monday and a 1-year high of $83.32. The company's market capitalization stands at $55.73 billion, with a price-to-earnings ratio of 14.27 and a beta of 1.25 .
Despite the challenges in the residential HVAC market, Carrier Global's strategic focus on commercial growth and aftermarket services positions the company well for future performance. Investors should closely monitor the company's earnings reports and analyst ratings to gauge its progress in these areas.
[1]: https://www.marketbeat.com/instant-alerts/filing-ctc-alternative-strategies-ltd-buys-new-stake-in-carrier-global-corporation-carr-2025-09-08/
: https://www.marketbeat.com/instant-alerts/filing-ctc-alternative-strategies-ltd-buys-new-stake-in-carrier-global-corporation-carr-2025-09-08/
: https://www.marketbeat.com/instant-alerts/filing-ctc-alternative-strategies-ltd-buys-new-stake-in-carrier-global-corporation-carr-2025-09-08/
: https://www.marketbeat.com/instant-alerts/filing-ctc-alternative-strategies-ltd-buys-new-stake-in-carrier-global-corporation-carr-2025-09-08/
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