Otis Publishes Q3 2026 Earnings Call Transcript

Bitget2026/10/28 18:54

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Otis maintained its 2026 adjusted EPS forecast of $4.01-$4.05, with net sales expected at $15.1 billion-$15.3 billion.
The Oct. 28 third-quarter earnings call featured CEO Judith F. Marks, CFO Cristina Méndez and investor relations chief Sofya Tsinis.
Organic sales rose 6%, the strongest growth in 13 quarters, with New Equipment returning to growth for the first time since 2023.
Management expects fourth-quarter Service margins broadly unchanged from 24.2%, as stronger modernization sales weigh on business mix.
Modernization sales climbed 20%; management cited improving operating leverage as margins approached its medium-term 10% target.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Otis Worldwide Corporation published the original content used to generate this news brief on October 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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