BUZZ - Carrier benefits from raised FY26 sales forecast, increased order volumes and backlog growth

October 29 - ** HVAC manufacturer Carrier Global (stock code: CARR.N) saw its share price rise more than 4% in pre-market trading to $58.71 after announcing its third-quarter earnings report

** The company raised its fiscal 2026 sales outlook from approximately $23 billion to $23.8–24 billion; adjusted earnings per share are expected to be $2.85 to $2.90, versus a previous forecast of about $2.90

** Third-quarter adjusted earnings per share were $0.87, above analysts' average estimate of $0.77; adjusted earnings per share include a benefit of about $0.10 from tariff rebates received under the International Emergency Economic Powers Act (IEEPA)

** Third-quarter revenue was $6.26 billion, above the expected $6.08 billion

** Total orders in the third quarter grew by about 35%; data center orders surged to four times the previous level

** Backlog reached a new record above $8.5 billion, up 60% year-on-year

** The company signed several long-term agreements worth billions of dollars, which include minimum purchase commitments

** Adjusted operating profit rose 33%; profit margin increased by 260 basis points to 17.4%

** Third-quarter free cash flow was $674 million, compared to $224 million in the same period last year

** As of the previous trading day's close, the share price had risen 6% year-to-date

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