Earnings ·
Otis reports Q3 net sales of $3.9B, up 6%, with EPS of $1.08
OTISOtis Worldwide Corp
Otis Worldwide reported third-quarter 2026 net sales of $3.9 billion, a 6% increase from the prior year, driven by an 8% rise in Service revenue and 3% growth in New Equipment. GAAP earnings per share rose 14% to $1.08, while adjusted EPS remained flat at $1.05. The company maintained its full-year outlook, projecting net sales between $15.1 billion and $15.3 billion and adjusted free cash flow of approximately $1.5 billion. Otis is the world’s leading elevator and escalator manufacturing, installation, service, and modernization company.