Carrier raises annual earnings forecast on air conditioning demand

July 28 (Reuters) - Carrier Global CARR.N on Tuesday raised its annual profit and revenue forecast, anticipating strong demand for its heating, ventilating and air conditioning products and aftermarket repair services.

Shares of the air conditioner maker were up 6% in premarket trading.

• Rising temperatures linked to climate change and worsening urban air pollution are boosting demand for cooling and air-quality solutions, driving sales of air conditioners and purifiers while also increasing servicing, maintenance and retrofit work on existing systems.
• Carrier expects full-year 2026 adjusted profit to be $2.90 per share, compared with its prior expectations of $2.80 per share.
• It forecasts annual sales of $23 billion, from previous estimate of $22 billion.
• The company reported second-quarter adjusted profit of 86 cents per share, compared with 92 cents per share a year earlier. Analysts on an average expected earnings of 81 cents per share, according to data compiled by LSEG.
• Total net sales for the quarter ended June 30 rose 4% to $6.35 billion from a year earlier, compared with analysts' estimate of $6.02 billion.