Air Conditioner Market Leader Loses Over $4 Billion in Market Cap in One Day

CARRIER GLOBAL CORPORATION (NYSE: CARR) closed at $54.68 on the New York Stock Exchange on the 26th, down 7.71% from the previous day.

The one-day plunge erased approximately $3.3 billion in market capitalization—about ₩4.4 trillion—leaving Carrier with a market value near $45.7 billion (roughly ₩62 trillion). Trading volume for the session reached around 6.6 million shares.

Carrier Global recently released its full-year 2024 results and issued guidance for 2025, while unveiling a $5.8 billion share repurchase program to enhance shareholder returns. The company also raised its quarterly dividend by approximately 6.7% in 2026, marking its fifth consecutive year of dividend growth.

Headquartered in Palm Beach Gardens, Florida, Carrier Global is a leading provider of heating, ventilation and air-conditioning (HVAC), refrigeration and energy solutions. The company debuted as an independent, publicly traded entity in 2020 following a spin-off from United Technologies. Founded in 1915 by air-conditioning pioneer Willis Carrier, Carrier today supplies products to more than 160 countries and is a component of the S&P 500 index.