Home / Carrier Global: Investments, Earnings, Initiatives, & Recognition

Carrier Global: Investments, Earnings, Initiatives, & Recognition

By: Jasmin Espinas
May 14, 2025

Carrier Global leads the market in intelligent climate and energy solutions, serving customers with smart heating, cooling, and power systems. The company pairs advanced technology with efficient design to cut energy waste and lower costs for buildings worldwide.

This roundup will detail Carrier’s recent investments, earnings, new partnerships and initiatives, and the recognition it recently earned.

Carrier Global Aims to Boost U.S. Manufacturing With Additional $1 Billion Investment

On May 13, 2025, Carrier Global announced a plan to spend $1 billion over the next five years to expand its manufacturing work in the United States. This decision follows recent efforts by President Donald Trump to push more companies to build and hire within the country.

Carrier today announced plans to invest an additional $1 billion over five years in U.S. manufacturing, innovation and workforce expansion, incremental to its ongoing commitments to American operations. Read more: https://t.co/LrmQhgRxoD pic.twitter.com/EcjFCA4jIj

— Carrier (@carrier) May 13, 2025

Carrier expects this move will create 4,000 new jobs. During the same time frame, the company will hire 1,000 more service technicians. It will also train over 100,000 people in climate systems sales and support roles.

Moreover, the money will go toward expanding existing facilities and building a new site focused on making heat pump components and battery parts.

This isn’t the first time Carrier has responded to political pressure. During Trump’s first term, the company, then part of United Technologies, chose to keep a factory open in Indiana rather than shift 1,400 jobs to Mexico. In return, it received $7 million in state tax breaks.

Earnings: Carrier Global Q1 2025 Results Released

Earlier this month, Carrier Global shared its first quarter results for 2025, showing strong growth and raising its forecast for the rest of the year.

“We delivered another quarter of strong financial performance,” said Carrier Chairman & CEO David Gitlin.

The company’s adjusted earnings per share rose by 27%, while profit margins improved by 2.1 percentage points. Meanwhile, sales from both the Commercial and Residential segments in Climate Solutions Americas grew by around 20%.

Carrier also reported an increase in new orders and a growing backlog. Orders rose by high single digits, and the backlog went up more than 15% from the previous quarter. The company said this momentum will support faster growth going forward, helped by its product lineup and service offerings.

Additionally, Carrier said it was able to fully offset the cost of tariffs that are currently in place.

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Carrier Completes Addvolt Acquisition

On May 2, 2025, Carrier Global announced it had bought Addvolt. This Portuguese company focuses on electric transport systems.

Addvolt designs plug-in electric systems that help keep refrigerated vans, trucks, trailers, and containers cool without using fuel. These systems cut down on noise and reduce harmful emissions like nitrogen oxide, carbon dioxide, and other particles.

Additionally, Addvolt’s systems are already being used by Carrier Transicold customers in Europe, including in the Vector® eCool.

Vector® eCool is the world’s first fully electric, self-powered trailer refrigeration unit.

Edward Dryden, President of Carrier’s Climate Solutions Transportation division, said the deal will help both companies create new ideas beyond just refrigerated transport.

“This strategic partnership creates opportunity for new and emerging applications, while also continuing to build on the success we’ve already achieved together,” Dryden added.

With this move, Carrier gains advanced technology for electrification, real-time energy software, and a skilled engineering team.

The TechVantage Initiative

On January 13, 2025, Carrier Global introduced the Carrier TechVantage Initiative. This program aims to hire 1,000 new service technicians in the U.S. At the same time, it aims to train over 100,000 HVAC professionals from Carrier and its partners within five years.

Growth in data centers, large factories, and public infrastructure projects is creating a need for more technicians with hands-on experience. That’s why the company’s goal is to meet the rising demand for skilled workers in commercial HVAC. As a result, Carrier is responding by investing in people and training to keep up with these changes.

As buildings and energy systems become more complex, Carrier is also working to make sure the industry keeps pace. TechVantage is one way the company is preparing for the future.

“The demand for skilled service technicians in the U.S. has never been greater, and Carrier is uniquely positioned to lead this transformation,” said Chairman & CEO David Gitlin.

Gitlin added, “Through the Carrier TechVantage Initiative, we’re addressing critical workforce gaps and setting a new standard for excellence in HVAC service. We are shaping the future of technician development and creating an initiative designed to attract, develop, and empower the very best talent.”

Automated Logic and Laurel Institutes to Build Next Generation HVAC and Building Automation Experts

Automated Logic, part of Carrier Global, is working with Laurel Institutes to train the next generation of HVAC and building automation professionals. As part of Carrier’s TechVantage Initiative, this partnership also brings new technology to Laurel campuses in three states.

Automated Logic and the Laurel Institutes are partnering together to help build a new generation of HVAC technicians while outfitting campuses in three states with the latest building automation systems. Read more: https://t.co/XzOtKVraxQ pic.twitter.com/uxNRyuZSse

— Carrier (@carrier) May 8, 2025

The effort includes several key parts:

Automated Logic will equip Laurel campuses with control systems to manage HVAC, electrical, and other building systems more efficiently.
Automated Logic staff will train Laurel instructors, contribute hands-on teaching hours, and host student visits to their facilities. These sessions will help students learn how to build, install, and fix the latest automation tools.
Laurel students will also get access to job opportunities through Automated Logic.

“With this partnership, students can start their careers at Laurel and build their future anywhere Carrier and Automated Logic operate,” said Andy Bierer, Managing Director at Automated Logic.

Recognition: Outstanding Customer-Service Innovation & Impact

On May 6, Carrier Global was named the Organization of the Year in the 2025 Excellence in Customer Service Awards by the Business Intelligence Group.

We’re excited to share that Carrier has been recognized as a winner in the 2025 Excellence in Customer Service Awards by the Business Intelligence Group! Read more: https://t.co/siAzn07kCa pic.twitter.com/7iKGyU0p36

— Carrier (@carrier) May 6, 2025

This annual award spotlights companies that are improving customer service through technology, quick response times, and real results.

Carrier earned this recognition for its BluEdge™ Command Centers. These centers use smart tools, including AI and real-time data, to improve how buildings are managed. They work with Carrier’s Abound™ platform and other building systems to help customers stay ahead of problems and cut energy use.

“We are honored to be recognized with this award by the Business Intelligence Group,” said Anuj Bhargava, Carrier’s Vice President of Aftermarket and Services.

Bhargava continued that the BluEdge Command Centers are changing how the service helps customers work and feel more confident about building performance. He then added that the award reflects the impact of their technology, ongoing investment in digital tools, and strong support from their global service teams.

In 2024, these centers helped clients save over $19 million in operating costs and reduce energy use by more than 600 million kilowatt-hours.

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Final Thoughts: Carrier Global Today and Beyond

Carrier Global is expanding in several directions, including clean energy, building technology, job training, and customer support. The company’s recent moves highlight its goals of growing while keeping up with the changing needs of energy and infrastructure.

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