🔹 Revenue: $6.11B (Est. $6.11B) 🟡; UP +3% YoY
🔹 Adj. EPS: $0.92 (Est. $0.91) 🟡; UP +26% YoY
FY25 Guidance (Reaffirmed)
🔹 Revenue: ~$23B (Est. $22.98B) 🟡
🔹 Adj. EPS: $3.00–$3.10 (Est. $3.06) 🟡
🔹 Adj. Oper Margin: 16.5%–17.0%; +100 bps YoY
🔹 Free Cash Flow: $2.4B–$2.6B
Q2 SEGMENTS:
Climate Solutions Americas (CSA)
🔹 Revenue: $3.25B; UP +14% YoY
🔹 Segment Operating Margin: 27.0%; UP +210 bps YoY
Climate Solutions Europe (CSE)
🔹 Revenue: $1.25B; UP +5% YoY
🔹 Segment Operating Margin: 7.9%; UP +10 bps YoY
Climate Solutions Asia, ME & Africa (CSAME)
🔹 Revenue: $882M; DOWN -2% YoY
🔹 Segment Operating Margin: 15.3%; DOWN -210 bps YoY
Climate Solutions Transportation (CST)
🔹 Revenue: $726M; DOWN -25% YoY
🔹 Segment Operating Margin: 17.6%; UP +340 bps YoY
Other Q2 Metrics:
🔹 Adj. Operating Margin: 19.1%; UP +130 bps YoY
🔹 Free Cash Flow: $568M
🔹 Operating Cash Flow: $649M
CEO Commentary
🔸 “We delivered another quarter of strong financial performance.”
🔸 “Organic sales growth of 6% was driven by strong results in Climate Solutions Americas, with Commercial sales up 45%.”
🔸 “Adjusted EPS growth over 25% reflects our margin expansion and productivity.”
🔸 “We remain committed to accelerating growth through differentiated products, aftermarket offerings, and system solutions.” – David Gitlin, Chairman & CEO
