Otis Earnings Reports

Otis Worldwide Corporation delivered a solid second quarter in 2025, with net sales of $3.6 billion, flat compared to the prior year. The Service segment was a key driver of performance, achieving 4% organic sales growth and a 20 basis point expansion in operating profit margin. Despite a decline in New Equipment sales, particularly in China and the Americas, the company reconfirmed its 2025 EPS outlook, supported by strong modernization orders and growth in its maintenance portfolio.

Otis delivered mixed Q1 results, with GAAP EPS down due to restructuring and separation costs, but adjusted EPS and Service operations showed strength. Modernization orders and backlog growth point to a solid outlook.

Otis reported a 1.5% increase in net sales and a 6.9% increase in adjusted EPS for the fourth quarter of 2024. The company's service segment drove growth, with service sales up 7.6% and service organic sales up 7.8%. Modernization orders also saw a significant increase of 18%.

Otis reported Q3 2024 net sales of $3.5 billion, with organic sales up 1.2%. GAAP EPS increased 47.3% to $1.34, and adjusted EPS increased 1.1% to $0.96. The company's Service-driven business model continued to show strength, with modernization organic sales accelerating and portfolio growth exceeding 4% for the eighth consecutive quarter.

Otis reported solid quarterly performance driven by the strength in the Service segment. The company's overall performance delivered mid-teens EPS growth and, based on this performance, Otis is raising its EPS outlook.

Otis reported a 2.7% increase in net sales and a 3.8% increase in organic sales, driven by a strong service sector performance. The company's GAAP EPS increased by 8.9% and adjusted EPS increased by 10.0%. Due to a strong first quarter, Otis increased its EPS outlook and share repurchase target.

Otis delivered excellent fourth quarter results with mid-teens adjusted EPS growth, the third consecutive quarter of high-single digit Service organic sales growth, and a return to New Equipment orders growth. Full year 2023 was marked by mid-single digit organic sales growth, operating profit margin expansion and low teens adjusted EPS growth.

Otis reported strong Q3 2023 results, with net sales of $3.5 billion, a 5.2% increase in organic sales, and an 18.8% increase in adjusted EPS to $0.95. The company's performance was driven by its Service segment, which experienced organic sales growth and margin expansion. Otis has raised its full-year outlook for organic sales and adjusted EPS.

Otis reported a strong second quarter with a 9.5% increase in organic sales and a 7.0% increase in adjusted EPS. The company is raising its full-year guidance and increasing share repurchases.

Otis Worldwide Corporation reported a decrease in net sales by 2.0% to $3.3 billion, but organic sales increased by 3.6%. GAAP EPS increased by 8.2% to $0.79, and adjusted EPS increased by 5.3% to $0.80. New Equipment orders were up 7.4%, and the maintenance portfolio units increased by 4.2%.

Otis reported strong Q4 2022 results, with a 6.1% increase in organic sales and growth in both New Equipment and Service segments. The company's maintenance portfolio units increased by 4.1%.

Otis Worldwide Corporation reported third quarter 2022 net sales of $3.3 billion with 0.8% organic growth. GAAP diluted earnings per share (EPS) of $0.77 was flat versus the prior year and adjusted EPS increased 5.3% to $0.80. The company has revised full-year outlook with organic sales up 2.0 to 2.5%, adjusted EPS of $3.11 to $3.15 and free cash flow of $1.5 to $1.6 billion. Increased full-year share repurchase target to $850 million.

Otis reported second quarter 2022 net sales of $3.5 billion with 0.4% organic growth. GAAP diluted earnings per share (EPS) of $0.76 was flat versus the prior year and adjusted EPS increased 11.7% to $0.86.

Otis reported first quarter 2022 net sales of $3.4 billion with 3.1% organic growth. GAAP diluted earnings per share (EPS) increased 2.8% to $0.73 and adjusted EPS increased 6.9% to $0.77. The company is revising its full year outlook to exclude Russia.

Otis reported a strong fourth quarter, with net sales up 2.2% and organic sales up 2.8%. GAAP EPS increased by 12.1% and adjusted EPS increased by 9.1%. The company's maintenance portfolio units grew by 3% and new equipment orders increased by 7.3%.

Otis Worldwide Corporation reported strong third quarter results with net sales of $3.6 billion, a 10.8% increase, and organic sales up by 8.1%. GAAP EPS increased by 26.2% and adjusted EPS increased by 11.6%. The company has improved its full-year outlook with organic sales expected to increase by 8.5 to 9.0% and adjusted EPS of approximately $2.95.

Otis Worldwide Corporation reported strong second quarter 2021 results, with net sales of $3.7 billion, a 22.2% increase compared to the prior year, and organic sales up 15.4%. GAAP EPS increased 46.2% to $0.76, and adjusted EPS increased 41.1% to $0.79. The company improved its full-year outlook, raising the share repurchase target to $750 million.

Otis reported strong first quarter results with a 14.9% increase in net sales and a 10.3% increase in organic sales. GAAP EPS increased 86.8% to $0.71, and adjusted EPS increased 20.0% to $0.72. The company has improved its full-year outlook.

Otis reported a 4.2% increase in fourth-quarter net sales, with a 1.3% organic growth. GAAP diluted earnings per share (EPS) increased 16.0% to $0.58, and adjusted diluted EPS increased 40.4% to $0.66.