CARR Earnings

ows from operating activities of $79 million and free cash flow of ($15) million • Returned ~$500 million to shareholders through dividends and repurchases • Reaffirms full year outlook PALM BEACH GARDENS, Fla . , April 30, 2026 – Carrier Global Corporation (NYSE:CARR), global leader in intelligent climate and energy solutions, today reported financial results

mercial and CSE Residential both delivered growth, while CSA Residential came in better than expected. I am pleased with the team's performance in the first quarter, and we are reaffirming our full-year outlook.” 1 Excludes NORESCO 1 First Quarter 2026 Results Total Company (Unaudited) Three Months Ended March 31 (In millions) 2026 2025 Change Net sales $ 5,34

flow $ (15) $ 420 Net cash flows generated from operating activities were $79 million and capital expenditures were $94 million, resulting in free cash flow of ($15) million. 5 Full-Year 2026 Guidance** Current Guidance** Prior Guidance Sales ~$22 billion ~$250 million revenue headwind from Riello exit Organic* flat to up LSD FX 1% Net, Acquisitions / Divestit

89) $ 2,121 $ 30 Net cash flows generated from operating activities were $1,040 million and capital expenditures were $131 million, resulting in free cash flow of $909 million. Full-Year 2026 Guidance Carrier expects continued double-digit growth in global commercial HVAC 1 and aftermarke t 1 with continued weakness in our Residential and Light Commercial busi

fied by the use of words such as "believe," "expect," "expectations," "plans," "strategy," "prospects," "estimate," "project," "target," "anticipate," "will," "should," "see," "guidance," "outlook," "confident," "scenario" and other words of similar meaning in connection with a discussion of future operating or financial performance.

n actions, market conditions including with respect to residential end-markets, data center and otherwise, growth prospects for 2026 and beyond, pending dispositions, Carrier's guidance for full-year 2026, future revenues including relating to digitally-enabled products, Carrier's plans with respect to our indebtedness and other statements that are not histori