Otis Worldwide reports third-quarter sales of $3.9 billion
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10:09:28 AM UTC
SquawkNews
Otis delivers high single digit Service net sales growth and low single digit New Equipment net sales growth; Service operating profit margin improved sequentially; broadly maintaining full year outlookThird quarter 2026Year-to-date 2026FARMINGTON, Conn., Oct. 28, 2026 // -- Otis Worldwid…
10:09:59 AM UTC
SquawkNews
Otis reported Q3 2026 net sales of $3.9B, up 6% YoY, GAAP EPS of $1.08 up 14%, and adjusted EPS of $1.05 flat. Service organic sales rose 7% with modernization up 20%; New Equipment organic sales rose 3% amid >20% decline in China.Material DetailsContext by AI AnalystThis is mid-cycle confirmation…
10:33:47 AM UTC
SquawkNews
06:31 AM EDT, 10/28/2026 (MT Newswires) -- Otis Worldwide (OTIS) reported Q3 adjusted earnings Wedne
10:34:00 AM UTC
SquawkNews
By Rob CurranOtis Worldwide's third-quarter net income rose and the maker of elevators backed its growth projections for the year as lucrative service contracts made up for weakness in Chinese demand for new equipment.The Farmington, Conn., maker of elevators and escalators posted earnings of $414…