Shares of Carrier Global Corporation (NYSE: CARR) surged 10.27% in Thursday's trading session following the company's impressive first-quarter results and an upward revision of its full-year guidance. The HVAC, refrigeration, and fire & security products manufacturer delivered a strong performance that exceeded analyst expectations.

Carrier reported adjusted earnings per share of $0.65 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. The company's quarterly revenue came in at $5.22 billion, slightly beating analyst expectations of $5.18 billion.

The strong earnings were driven by several factors: 1. Solid demand for HVAC products and aftermarket services 2. Improved operational efficiency, with adjusted operating margin expanding 210 basis points 3. Strong performance in the Climate Solutions Americas segment, with sales up about 20% in both Commercial and Residential businesses

Adding to investor optimism, Carrier raised its full-year 2025 outlook. The company now expects adjusted earnings per share in the range of $3.00 to $3.10, up from the previous guidance of $2.95 to $3.05. Additionally, Carrier increased its full-year sales forecast to approximately $23 billion.

"We are increasing our full-year commitments as we proactively manage this dynamic environment," said David Gitlin, Carrier's Chairman & CEO. He also noted that the company is "fully mitigating" the impact of tariffs currently in effect, demonstrating Carrier's ability to navigate potential headwinds effectively.

The market's enthusiastic response to Carrier's results and outlook reflects growing confidence in the company's ability to capitalize on demand for its products and services while maintaining strong profitability in a challenging economic environment.