Shares of Carrier Global Corporation (NYSE: CARR) surged 5.61% in pre-market trading on Thursday following the company's strong first-quarter results and improved full-year guidance. The heating, ventilating, and air conditioning (HVAC) systems manufacturer reported earnings that exceeded analyst expectations and raised its outlook for 2025.

Carrier announced adjusted earnings per share of $0.65 for the first quarter, surpassing the consensus estimate of $0.58 and marking a 27.45% increase from $0.51 in the same period last year. The company's revenue for the quarter came in at $5.22 billion, slightly above the analyst forecast of $5.18 billion, despite a 3.73% year-over-year decrease from $5.42 billion.

In addition to the robust quarterly performance, 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. Carrier also increased its full-year sales forecast to approximately $23 billion, compared to the prior range of $22.5 billion to $23.0 billion. The improved outlook suggests growing confidence in the company's ability to navigate current market conditions and capitalize on demand for its products. Furthermore, Carrier stated that it is "fully mitigating" the impact of tariffs currently in effect, demonstrating its ability to manage potential headwinds effectively.