Core Insights - Otis Worldwide Corporation reported third quarter 2025 net sales of $3.7 billion, representing a 4% increase year-over-year, primarily driven by strong Service sales growth [3][8] - The company experienced a 29% decrease in GAAP earnings per share (EPS) to $0.95, while adjusted EPS increased by 9% to $1.05, reflecting operational performance improvements [5][29] - Otis is increasing the midpoint of its 2025 EPS outlook due to strong performance in its Service segment and a robust order book for modernization [2][13] Financial Performance - Net sales for the third quarter were $3.7 billion, with organic sales growth of 2% compared to the previous year [3][8] - Service segment net sales reached $2.4 billion, up 9% year-over-year, with organic sales growth of 6% [6][7] - New Equipment segment net sales decreased by 4% to $1.3 billion, impacted by a significant decline in China [9][10] Segment Analysis - The Service segment's operating profit margin expanded by 70 basis points to 25.5%, driven by higher volume and favorable pricing [7][8] - The New Equipment segment's operating profit margin contracted by 170 basis points to 4.7%, affected by lower volume and unfavorable pricing [10][11] - Modernization orders grew by 27% at constant currency, indicating strong demand in this area [2][8] Cash Flow and Shareholder Returns - Operating cash flow for the quarter was $779 million, with adjusted free cash flow of $766 million [12][8] - The company executed share repurchases totaling approximately $800 million [8] Outlook - Otis anticipates run-rate savings of $200 million from its UpLift program and $40 million from the China transformation program by year-end 2025 [13][19] - The company projects net sales for 2025 to be between $14.5 billion and $14.6 billion, with adjusted EPS expected to be in the range of $4.04 to $4.08 [19][29]

Core Viewpoint - Otis Worldwide Corporation will host a conference call on October 29, 2025, to discuss its third quarter results and outlook for 2025 [1]. Group 1: Conference Call Details - The conference call will take place at 8:30 a.m. ET, featuring Otis Chair, CEO & President Judy Marks and Executive Vice President & CFO Cristina Mendez [1]. - A webcast link will be provided for participants, along with a presentation and news release available on the company's website prior to the call [2]. - A recording of the call will be accessible on the website later in the day, and alternative dial-in information can be obtained by contacting Otis investor relations [2]. Group 2: Company Overview - Otis is a global leader in the manufacture, installation, and servicing of elevators and escalators, moving 2.4 billion people daily and maintaining approximately 2.4 million customer units worldwide [3]. - The company is headquartered in Connecticut, USA, and employs 72,000 people, including 44,000 field professionals [3]. - Otis operates in over 200 countries and territories, serving various sectors including iconic structures, residential and commercial buildings, and transportation hubs [3].

Company Overview - Otis Worldwide Corporation is the world's leading elevator and escalator manufacturing, installation, and service company [2] - The company moves 2.4 billion people daily and maintains approximately 2.4 million customer units globally, representing the industry's largest service portfolio [2] - Headquartered in Connecticut, USA, Otis employs 72,000 people, including 44,000 field professionals, dedicated to meeting diverse customer needs in over 200 countries and territories [2] Upcoming Event - Judy Marks, Chair, CEO & President of Otis, will participate in a fireside chat at the 13th annual Laguna conference hosted by Morgan Stanley on September 12, 2025, at 10:00 a.m. PT (1:00 p.m. ET) [1] - The presentation will be broadcast live on the company's official website [1]

Group 1 - Otis Worldwide Corporation declared a quarterly dividend of $0.42 per share, payable on September 5, 2025, to shareholders of record by August 15, 2025 [1] - Otis is the world's leading elevator and escalator manufacturing, installation, and service company, moving 2.4 billion people daily and maintaining approximately 2.4 million customer units globally [2] - The company employs 72,000 people, including 44,000 field professionals, and operates in over 200 countries and territories [2] Group 2 - The company emphasizes its commitment to meeting diverse customer needs through its extensive service portfolio [2] - Otis maintains a strong market presence and is focused on innovation in manufacturing, installation, and maintenance of its products [2]

| (dollars in millions, except per share amounts) | Quarter Ended June 30, | | | Six Months Ended June 30, | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 2025 2024 Y/Y | | | Y/Y 2024 (CFX) 2025 | | Y/Y | Y/Y (CFX) | | Net sales | $ 3,595 $ 3,601 — % | | | (1) % $ 6,945 $ 7,038 (1) % | | | — % | | Organic sales growth | | | | (2) % | | | (1) % | | GAAP | | | | | | | | | Operating profit | $ 570 $ | 547 $ | (23) | $ | 958 $ | 1,114 $ (156) | | | Operating profit margin | 15.2 % 15.8 % (60) bps ...

Core Viewpoint - Otis Worldwide Corporation (OTIS) is set to report its second-quarter 2025 results on July 23, with expectations of mixed performance in earnings and sales compared to the previous year [1][3]. Earnings Performance - In the last reported quarter, adjusted earnings exceeded the Zacks Consensus Estimate by 1.1%, while net sales fell short by 1.7% [1]. - Over the trailing four quarters, OTIS has surpassed earnings estimates in two instances and missed in two, with an average surprise of 0.2% [2]. Estimate Revisions - The Zacks Consensus Estimate for earnings per share (EPS) has increased to $1.02 from $1.01 over the past 30 days, reflecting a 3.8% decline from the year-ago adjusted EPS of $1.06 [3]. - The consensus for net sales is projected at $3.68 billion, indicating a 2.3% growth from the previous year's $3.6 billion [3]. Sales Insights - The Service segment, contributing 65.3% to first-quarter 2025 net sales, is expected to drive year-over-year growth due to increased demand for maintenance and modernization [4]. - The New Equipment segment, which accounted for 34.7% of first-quarter 2025 net sales, is anticipated to face challenges, particularly in China and parts of EMEA, leading to a projected decline in sales [5][8]. Segment Performance - For the second quarter, net sales in the Service segment are expected to rise by 4.7% to $2.28 billion, while New Equipment segment sales are predicted to decrease by 5.2% to $1.35 billion [6]. Margin Analysis - The bottom line is expected to decline due to inflationary pressures, particularly from higher labor and material costs in the Service segment, alongside lower volume in the New Equipment segment [7]. - Despite these challenges, favorable pricing and productivity improvements may partially mitigate the negative impacts on margins [7][8]. SG&A Expenses - Selling, general and administrative (SG&A) expenses are likely to increase due to annual wage hikes and higher restructuring costs, with expectations for SG&A as a percentage of net sales to rise by 50 basis points to 13% [10]. Earnings Prediction - The model predicts an earnings beat for OTIS, supported by a positive Earnings ESP of +0.39% and a Zacks Rank of 2 (Buy) [11][12].

Core Viewpoint - Otis Worldwide Corporation will host a conference call to discuss its second quarter results and 2025 outlook on July 23, 2025, at 8:30 a.m. ET [1] Company Overview - Otis is the world's leading elevator and escalator manufacturing, installation, and service company, moving 2.4 billion people daily and maintaining approximately 2.4 million customer units globally, which is the largest service portfolio in the industry [3] - The company is headquartered in Connecticut, USA, and employs 72,000 people, including 44,000 field professionals, dedicated to meeting diverse customer needs in over 200 countries and territories [3]

Core Insights - Otis Worldwide Corporation reported first quarter 2025 net sales of $3.3 billion, a decrease of 3% year-over-year, primarily due to a decline in New Equipment sales in China [2][4][20] - The company experienced mid-single digit organic sales growth in its Service segment, contributing to a 40 basis points expansion in operating profit margin [3][5] - GAAP earnings per share (EPS) decreased by 29% to $0.61, while adjusted EPS increased by 5% to $0.92, reflecting solid operational performance [6][22] Financial Performance - Net sales for the first quarter of 2025 were $3.3 billion, down from $3.4 billion in the same quarter of 2024 [4][20] - GAAP operating profit was $411 million, a decrease of $133 million from the previous year, while adjusted operating profit was $560 million, a slight decrease of $1 million [5][20] - The operating profit margin contracted to 12.3% from 15.8% year-over-year, while the adjusted operating profit margin improved to 16.7% from 16.3% [5][20] Segment Performance - The Service segment reported net sales of $2.2 billion, up 1% year-over-year, with organic sales growth of 4% [7][9] - The New Equipment segment saw net sales decline by 9% to $1.2 billion, with significant declines in China and the Americas [10][11] - Orders in the Service segment increased by 12%, contributing to a mid-teens growth in backlog [3][8] Cash Flow and Shareholder Returns - Cash flow from operations was $190 million, an increase from $171 million in the prior year, while adjusted free cash flow rose to $186 million from $155 million [13][30] - The company announced a dividend increase for the fifth consecutive year, reflecting confidence in its strategy and commitment to shareholder value [3][8] 2025 Outlook - Otis revised its full-year outlook, projecting net sales between $14.6 billion and $14.8 billion, with organic sales growth expected between 2% and 4% [16]

Core Viewpoint - Otis Worldwide Corporation has declared a quarterly dividend of $0.42 per share, marking an 8% increase, and this is the fifth consecutive year of dividend increases, reflecting the company's commitment to shareholder value through disciplined capital allocation [1][2]. Company Overview - Otis is the world's leading company in elevator and escalator manufacturing, installation, and service, moving 2.4 billion people daily and maintaining approximately 2.4 million customer units globally, which constitutes the largest service portfolio in the industry [2]. Financial Performance - The dividend has increased approximately 110% since the company's spin-off in 2020, supported by the strength of its service-driven business model [2].

Core Viewpoint - Otis Worldwide Corporation will host a conference call to discuss its first quarter results and outlook for 2025 on April 23, 2025 [1] Company Overview - Otis is the world's leading elevator and escalator manufacturing, installation, and service company, moving 2.4 billion people daily and maintaining approximately 2.4 million customer units globally [3] - The company is headquartered in Connecticut, USA, and employs 72,000 people, including 44,000 field professionals [3] - Otis operates in over 200 countries and territories, providing a diverse range of products and services to meet customer needs [3]