Otis Worldwide Corp

Otis Worldwide Corp announced the issuance of $500 million in aggregate principal amount of 5.825% Notes due 2036. The net proceeds, estimated at $495.3 million, will be used to repay outstanding 2.293% Notes due April 5, 2027. The new notes bear interest at 5.825% and mature in November 2036. The offering was made under a registration statement filed earlier in the year, with Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, and HSBC Securities (USA) Inc. acting as underwriters.

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.

Otis Worldwide Corporation reported strong financial results for the second quarter and first six months of 2026. Net sales increased to $3.86 billion for the quarter and $7.43 billion for the six months, driven by growth in service sales. Diluted earnings per share also saw significant increases, reaching $1.12 for the quarter and $1.99 for the six months. The company expanded its Service segment with a $170 million acquisition of a French elevator maintenance provider and returned capital to shareholders through $807 million in share repurchases.

Otis Worldwide Corporation reported second quarter 2026 net sales of $3.9 billion, a 7% increase year-over-year, with organic sales up 6%. GAAP earnings per share increased 13% to $1.12, while adjusted EPS decreased 4% to $1.01. The company saw strong performance in its Service segment, with net sales up 11% and organic sales up 9%, driven by double-digit growth in modernization and repair. New Equipment net sales were flat, improving sequentially, but operating profit declined. Otis also revised its full-year outlook, projecting net sales of $15.1 to $15.3 billion and adjusted EPS of $4.01 to $4.05.

Otis Worldwide Corporation issued $700 million in 4.488% Notes due 2029. The net proceeds, estimated at $695.2 million, will primarily be used to repay its 0.318% Notes due December 2026, which had €600 million (approximately $695 million) outstanding. The remaining proceeds will fund commercial paper repayments and general corporate purposes. The new notes are unsecured, unsubordinated obligations.

Otis Worldwide Corporation has filed its Form 10-Q for the first quarter ended March 31, 2026. The report includes the company's condensed consolidated financial statements, comprehensive income, balance sheets, changes in equity, and cash flows. It also contains Management's Discussion and Analysis of Financial Condition and Results of Operations.

Otis Worldwide Corporation announced its first quarter 2026 results, reporting a 6% increase in net sales and 1% organic sales growth. The strong performance was primarily driven by its Service segment, which saw net sales climb 11% and organic sales grow 5%, led by robust repair activity across all lines of business. This indicates healthy operational performance and demand for Otis's service offerings.