Otis Worldwide (OTIS) Tops Q2 EPS by 4c, provides guidance

Otis Worldwide (NYSE: OTIS) reported Q2 EPS of $1.06, $0.04 better than the analyst estimate of $1.02. Revenue for the quarter came in at $3.6 billion versus the consensus estimate of $3.73 billion.

GUIDANCE:

Otis Worldwide sees FY2024 EPS of $3.85-$3.90, versus the consensus of $3.86. Otis Worldwide sees FY2024 revenue of $14.3-14.5 billion, versus the consensus of $14.612 billion.

Organic sales up 1% to 3%

Organic New Equipment sales down mid-single digits
Organic Service sales up 6% to 7%

Adjusted operating profit of $2.40 billion to $2.45 billion, up $160 million to $190 million at constant currency; up $135 million to $175 million at actual currency

For earnings history and earnings-related data on Otis Worldwide (OTIS) click here.

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