Carrier Global Corporation (NYSE: CARR) saw its shares surge 5.61% in pre-market trading on Thursday following the release of its impressive first-quarter results and an upward revision of its full-year guidance.

The HVAC, refrigeration, and fire & security products manufacturer reported adjusted earnings of $0.65 per share for Q1 2025, significantly surpassing the analyst consensus estimate of $0.58. This represents a robust 27.45% increase compared to the same period last year when the company earned $0.51 per share. Carrier's quarterly revenue came in at $5.22 billion, slightly beating the analyst expectations of $5.18 billion, despite a 3.73% year-over-year decrease from $5.42 billion in Q1 2024.

The strong performance was further bolstered by Carrier's decision to raise its full-year forecast, instilling confidence in investors about the company's growth prospects. The pre-market stock movement reflects the market's positive reaction to these developments, with shares rising by 5.5% immediately after the announcement. This upward momentum carried through to the 5.61% increase observed at 07:50:33 on Thursday.

Carrier also reported an adjusted operating income of $843 million for the quarter and a free cash flow of $420 million, demonstrating the company's operational efficiency and strong cash generation capabilities. These metrics, combined with the earnings beat and raised guidance, have contributed to the significant pre-market stock price appreciation, as investors appear optimistic about Carrier's future performance in the competitive HVAC and building systems market.