Carrier Global (CARR) reported Q4 adjusted earnings Tuesday of $0.54 per diluted share, up from $0.36 a year earlier.

Analysts polled by FactSet expected $0.50.

Net sales for the quarter ended Dec. 31 were $5.15 billion, compared with $4.32 billion a year earlier.

Analysts polled by FactSet expected $5.32 billion.

The company expects 2025 adjusted EPS of $2.95 to $3.05 on sales of $22.5 billion to $23 billion. Analysts polled by FactSet expect $2.98 on revenue of $22.96 billion.

Carrier Global also expects to repurchase about $3 billion in shares in 2025.

Shares of Carrier Global were up more than 7% in recent premarket activity Tuesday.