Carrier 2024 sales up 19% at $22.5bn
11th February 2025
USA: Carrier recorded sales of $22.5bn in 2024, a 19% increase on 2023, including organic sales growth of 3% and a 16% impact from acquisitions and divestitures.
GAAP operating profit from continuing operations was $2.6bn, an increase of 23%. Adjusted operating profit was up 34% at $3.5bn from continuing operations.
The full year results were driven by the addition of Viessmann Climate Solutions and Q4 sales of $5.1bn, a 19% increase on the prior year.
The quarter also marked the completion of Carrier’s portfolio transformation, which resulted in total divestiture proceeds of over $10bn. This included the sale of its Commercial Refrigeration businesses to Haier.
