Quarterly ResultOct 29, 2026, 04:17 PM
Otis Worldwide Q3 Sales $3.91B, EPS $1.08; Nine-Month Sales $11.34B
AI Summary
Otis Worldwide Corporation reported its third-quarter and nine-month financial results for 2026. For the third quarter, net sales increased to $3.914 billion from $3.690 billion in the prior year, with diluted earnings per share rising to $1.08 from $0.95. Year-to-date, net sales reached $11.339 billion, up from $10.635 billion, and diluted EPS grew to $3.07 from $2.55. The company also completed an acquisition of a French elevator services company for $170 million and continued its share repurchase program.
Key Highlights
- Otis Worldwide Corporation reported Q3 2026 net sales of $3.914 billion, up from $3.690 billion in Q3 2025.
- Q3 2026 diluted EPS was $1.08, compared to $0.95 in Q3 2025.
- Nine months ended Sep 30, 2026 net sales reached $11.339 billion, an increase from $10.635 billion in the prior year period.
- Nine months ended Sep 30, 2026 diluted EPS was $3.07, up from $2.55 in the prior year period.
- Total assets increased to $11.310 billion as of Sep 30, 2026, from $10.653 billion as of Dec 31, 2025.
- Total liabilities increased to $16.468 billion as of Sep 30, 2026, from $15.924 billion as of Dec 31, 2025.
- The company repurchased 9.6 million shares for $800 million in the nine months ended Sep 30, 2026.
- Otis acquired a French elevator services company in April 2026 for $170 million.
Price Impact
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