Otis Worldwide Corporation — News

Otis delivers organic Service sales growth of 9% matching the highest level since spin with strong double-digit growth in modernization and repair and accelerating maintenance trends Second quarter 2026 Net sales up 7% and organic sales up 6%, driven by Service net sales up 11% with organic sales up 9%, and New Equipment net sales flat with organic sales down (1)%, improving sequentially GAAP operating profit up $28 million and adjusted operating profit down $25 million Modernization orders up 9% at constant currency, backlog up 24%, 26% at constant currency Operating cash flow of $267 million; adjusted free cash flow of $290 million Share repurchases of approximately $400 million First half 2026 Net sales up 7% and organic sales up 4%, driven by Service net sales up 11% with organic sales up 7% GAAP operating profit up $156 million and adjusted operating profit down $35 million Operating cash flow of $680 million; adjusted free cash flow of $562 million Share repurchases of approximately $800 million FARMINGTON, Conn., July 22, 2026 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported second quarter 2026 net sales of $3.9 billion with organic sales up 6% versus the prior year.

prnewswire.com - 2026-07-22 06:08:00

OTIS heads into Q2 earnings with Service growth and modernization initiatives in focus as investors watch whether margin pressures weigh on results.

zacks.com - 2026-07-20 10:21:07

Otis Worldwide (OTIS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

zacks.com - 2026-07-15 11:01:19

Each stock is an industry leader in its niche, and all three trade at once-in-a-decade valuations. They may not be as exciting as uber-popular tech stocks, but they are less likely to be disrupted.

fool.com - 2026-07-10 09:30:00

22 years after installation, the Otis elevators and escalators at the monument are being upgraded to enhance performance and accessibility for all visitors, particularly people with limited mobility. RIO DE JANEIRO, July 2, 2026 /PRNewswire/ -- Otis Brazil, part of Otis Worldwide Corporation (NYSE: OTIS), the world's leading elevator and escalator manufacturing, installation, service and modernization company, has completed comprehensive technical upgrades to the three elevators that connect visitors who access Alto Corcovado through the Corcovado Train to see Christ the Redeemer, a monument located in the Tijuca National Park, in Rio de Janeiro.

prnewswire.com - 2026-07-02 08:00:00

FARMINGTON, Conn., July 1, 2026 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, July 22, 2026, at 8:30 a.m.

prnewswire.com - 2026-07-01 07:00:00

Enables building owners to improve the safety and reliability of their elevators and provide better passenger experience. Suitable for elevators already equipped with belts; and offers options to transition rope-based systems to coated steel belt-based systems.

prnewswire.com - 2026-06-30 07:00:00

T-Mobile US and OTIS Worldwide are both down over 25% in the past year, creating long-term buying opportunities. TMUS boasts the lowest leverage among peers, aggressive buybacks, and raised guidance, with a forward P/E under 17x and double-digit dividend growth expected. OTIS faces temporary inflation and China headwinds but shows stabilizing orders, cost savings, and trades at a forward P/E of 16.7x, below historical and sector averages.

seekingalpha.com - 2026-06-08 07:15:00

A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates.

seekingalpha.com - 2026-06-05 18:19:56

Otis Worldwide (OTIS) reported earnings 30 days ago. What's next for the stock?

zacks.com - 2026-05-22 12:32:22

FARMINGTON, Conn., May 19, 2026 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS), the world's leading elevator and escalator manufacturing, installation, service and modernization company, has announced the global launch of its Otis Link™ MOD suite of commercial escalator modernization solutions, giving building owners a safer, smarter and more efficient way to upgrade aging escalators.

prnewswire.com - 2026-05-19 07:00:00

Otis Worldwide Corporation remains a portfolio favorite, despite a 27.5% share price decline over the past year driven by China headwinds. OTIS trades well below its 5-year average multiple, with a forward P/E of 16.95x and a compelling 66% upside potential if it re-rates to 25x earnings by 2028. Recent initiatives—cost savings, a majority stake in WeMaintain, and a new elevator for data centers—position OTIS for margin recovery and growth.

seekingalpha.com - 2026-05-17 07:30:00

Otis CEO Judy Marks says there's growing demand for skilled elevator mechanics around the world. Otis offers an apprenticeship program starting at age 18 and tuition perks for workers.

businessinsider.com - 2026-05-17 05:36:01

Students from schools in Athens, Greece and Hong Kong SAR win STEM and AI competition with concepts to help people during natural disasters FARMINGTON, Conn., May 6, 2026 /PRNewswire/ -- With their ideas to use advanced technology to support city officials, first responders and residents before and during natural disasters, student teams from Hong Kong and Athens, Greece were named co‑champions of Otis' Made to Move Communities™ student challenge, in recognition of the exceptional strength and impact of both teams' solutions.

prnewswire.com - 2026-05-06 06:00:00

Arizona State Retirement System lessened its stake in Otis Worldwide Corporation (NYSE: OTIS) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,728 shares of the company's stock after selling 7,557 shares during the period. Arizona State

defenseworld.net - 2026-04-26 03:08:52

Total Organic Sales Growth: Increased 1% in the quarter.Organic Service Growth: Increased 5% with broad-based strength across all service lines.Maintenance and

gurufocus.com - 2026-04-23 02:03:00

OTIS' Q1 results show Service repair strength and modernization orders, but tariffs, investments and Middle East delays squeeze margins.

zacks.com - 2026-04-22 14:11:06

Otis Worldwide Corporation (OTIS) Q1 2026 Earnings Call Transcript

seekingalpha.com - 2026-04-22 13:10:38

Although the revenue and EPS for Otis Worldwide (OTIS) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

zacks.com - 2026-04-22 10:30:33

Otis Worldwide (OTIS) came out with quarterly earnings of $0.89 per share, missing the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.92 per share a year ago.

zacks.com - 2026-04-22 08:21:09

Otis delivers net sales growth of 6%, driven by Service with growth in all lines of business, led by repair Net sales up 6% and organic sales up 1%, driven by Service net sales up 11% with organic sales up 5% Repair net sales up 16% with organic repair sales up approximately 10% Modernization orders up 11% at constant currency, backlog up 32%, 30% at constant currency New Equipment orders up 1% at constant currency, backlog up 6%, 3% at constant currency Operating cash flow of $413 million; adjusted free cash flow of $272 million Share repurchases of approximately $400 million FARMINGTON, Conn., April 22, 2026 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported first quarter 2026 net sales of $3.6 billion with organic sales up 1% versus the prior year.

prnewswire.com - 2026-04-22 06:12:00