Otis Worldwide Corp (OTIS) Form 8-K — Oct 28, 2026
Otis Worldwide reported Q3 2026 net sales of $3.9 billion, up 6% year over year, with GAAP EPS of $1.08 up 14% and adjusted EPS of $1.05 flat versus the prior year. Service was the engine: Service net sales grew 8% with organic modernization sales up 20%, and modernization backlog rose 20%. However, New Equipment segment margin compressed 150 bps to 3.2% on a greater than 20% sales decline in China.
Key figures
- Eps
- 1.08
- Revenue
- 3914000000
- Guidance
- Net sales $15.1-$15.3B; organic sales up low to mid-single digits; adjusted operating profit ~$2.4B; adjusted EPS $4.01-$4.05; adjusted free cash flow ~$1.5B
- Net Income
- 414000000
- Revenue Yoy
- 6%
- Total Assets
- 11310000000
- Cash Position
- 866000000
- Adjusted eps
- 1.05
- Service margin
- 24.2% (down 130 bps y/y, up 100 bps sequentially)
- Adjusted eps yoy
- flat
- Service net sales
- $2,616 million, up 8%
- Ytd capital return
- ~$1.3 billion ($800M repurchases, $500M dividends)
- Modernization orders
- up 10% at constant currency
- New equipment margin
- 3.2% (down 150 bps)
- Modernization backlog
- up 20% at actual and constant currency
- Operating cash flow q3
- $337 million
- New equipment net sales
- $1,298 million, up 3%
- Adjusted operating profit
- $626 million (down $6 million)
- Adjusted free cash flow q3
- $272 million
AI analysis
Red flags3 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.