Otis Worldwide (OTIS) Misses Q4 EPS by 1c, Misses on Revenue; Offers Guidance

Otis Worldwide (NYSE: OTIS) reported Q4 EPS of $1.03, $0.01 worse than the analyst estimate of $1.04. Revenue for the quarter came in at $3.8 billion versus the consensus estimate of $3.89 billion.

GUIDANCE:

Otis is announcing its full year outlook:
•Net sales of $15.0 to $15.3 billion
•Organic sales up low to mid-single digits
▪Organic New Equipment sales down low single digits to flat
▪Organic Service sales up mid to high single digits
•Adjusted operating profit of $2.5 to $2.6 billion, up $60 to $100 million at constant currency; up $100 to $140 million at actual currency
•Adjusted EPS up mid to high single digits
•Adjusted free cash flow of $1.6 to $1.7 billion
For earnings history and earnings-related data on Otis Worldwide (OTIS) click here.

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