Otis Worldwide Profit, Sales Rise on Strong Service Sales

Dow Jones

Jul 22

Otis Worldwide's second-quarter profit rose as revenue growth was driven by higher service segment sales.

The escalator and elevator company posted on Wednesday a higher net income of $428 million, or $1.12 a share, compared with $393 million, or 99 cents a share, in the same quarter a year ago.

Otis benefited from no longer paying UpLift transformation costs, as well as the absence of other separation-related adjustments and nonrecurring items in the prior year.

Adjusted earnings, which strips out exceptional items and costs, were $1.01 a share, in-line with analyst forecasts, according to FactSet.

Net sales rose 7% to $3.86 billion, coming in ahead of analyst forecasts which had pegged sales at a more modest $3.75 billion for the quarter.

The company said the quarter's performance was driven by service sales with growth in all lines of business.

Otis has lowered its full-year outlook for adjusted earnings per share to $4.01 to $4.05, down from a previous $4.20 to $4.24 range, with analysts expecting $4.18 for the year.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

July 22, 2026 06:34 ET (10:34 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

LOGIN / SIGN UP

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.gotigerhk.com/news/2653751916"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2653751916\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2653751916?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-22 18:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2653751916","market":"other","top_or_hot":-1,"title":"Otis Worldwide Profit, Sales Rise on Strong Service Sales","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/OTIS\">Otis Worldwide</a>'s second-quarter profit rose as revenue growth was driven by higher service segment sales. \n</p>\n<p>\n  The escalator and elevator company posted on Wednesday a higher net income of $428 million, or $1.12 a share, compared with $393 million, or 99 cents a share, in the same quarter a year ago. \n</p>\n<p>\n  Otis benefited from no longer paying UpLift transformation costs, as well as the absence of other separation-related adjustments and nonrecurring items in the prior year. \n</p>\n<p>\n  Adjusted earnings, which strips out exceptional items and costs, were $1.01 a share, in-line with analyst forecasts, according to FactSet. \n</p>\n<p>\n  Net sales rose 7% to $3.86 billion, coming in ahead of analyst forecasts which had pegged sales at a more modest $3.75 billion for the quarter. \n</p>\n<p>\n  The company said the quarter's performance was driven by service sales with growth in all lines of business. \n</p>\n<p>\n  Otis has lowered its full-year outlook for adjusted earnings per share to $4.01 to $4.05, down from a previous $4.20 to $4.24 range, with analysts expecting $4.18 for the year. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 22, 2026 06:34 ET (10:34 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Otis Worldwide Profit, Sales Rise on Strong Service Sales</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOtis Worldwide Profit, Sales Rise on Strong Service Sales\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-22 18:34</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/OTIS\">Otis Worldwide</a>'s second-quarter profit rose as revenue growth was driven by higher service segment sales. \n</p>\n<p>\n  The escalator and elevator company posted on Wednesday a higher net income of $428 million, or $1.12 a share, compared with $393 million, or 99 cents a share, in the same quarter a year ago. \n</p>\n<p>\n  Otis benefited from no longer paying UpLift transformation costs, as well as the absence of other separation-related adjustments and nonrecurring items in the prior year. \n</p>\n<p>\n  Adjusted earnings, which strips out exceptional items and costs, were $1.01 a share, in-line with analyst forecasts, according to FactSet. \n</p>\n<p>\n  Net sales rose 7% to $3.86 billion, coming in ahead of analyst forecasts which had pegged sales at a more modest $3.75 billion for the quarter. \n</p>\n<p>\n  The company said the quarter's performance was driven by service sales with growth in all lines of business. \n</p>\n<p>\n  Otis has lowered its full-year outlook for adjusted earnings per share to $4.01 to $4.05, down from a previous $4.20 to $4.24 range, with analysts expecting $4.18 for the year. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 22, 2026 06:34 ET (10:34 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0823417653.USD","symbol_name":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2653751916","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2653751916","pubTimestamp":1784716440,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Otis Worldwide's second-quarter profit rose as revenue growth was driven by higher service segment sales.The escalator and elevator company posted on Wednesday a higher net income of $428 million, or $1.12 a share, compared with $393 million, or 99 cents a share, in the same quarter a year ago.Otis benefited from no longer paying UpLift transformation costs, as well as the absence of other separation-related adjustments and nonrecurring items in the prior year.Adjusted earnings, which strips out exceptional items and costs, were $1.01 a share, in-line with analyst forecasts, according to FactSet.Net sales rose 7% to $3.86 billion, coming in ahead of analyst forecasts which had pegged sales at a more modest $3.75 billion for the quarter.The company said the quarter's performance was driven by service sales with growth in all lines of business.Otis has lowered its full-year outlook for adjusted earnings per share to $4.01 to $4.05, down from a previous $4.20 to $4.24 range, with analysts","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0823417653.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) ACC","LU1506573853.SGD":"MANULIFE GF GLOBAL EQUITY \"AA\" (SGD) INC","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0545039389.USD":"BGF GLOBAL EQUITY INCOME \"A2\" ACC","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","BK4585":"ETF&股票定投概念","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","BK4561":"索罗斯持仓","BK4532":"文艺复兴科技持仓","BK4161":"工业机械","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU2506951875.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) ACC","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","LU2506952097.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) ACC","LU1732800096.USD":"摩根大通环球收益基金A (irc)","LU0823417737.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC","LU2506951958.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) INC","LU1153585028.USD":"BGF GLOBAL LONG-HORIZON EQUITY  \"A4\" (USD) INC","OTIS":"奥的斯","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0950375773.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC A","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","LU0949170772.SGD":"Blackrock Global Equity Income A6 SGD-H","BK4588":"碎股","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU1003077747.HKD":"BGF GLOBAL EQUITY INCOME \"A6\" (HKDHDG) INC","LU2506952170.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) INC","BK4505":"高瓴资本持仓","LU0553294199.USD":"BGF GLOBAL EQUITY INCOME \"A5G\" (USD) INC"},"translate_title":"奥的斯全球利润和销售额因强劲的服务销售而增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OTIS":0.9},"content_text":"Otis Worldwide's second-quarter profit rose as revenue growth was driven by higher service segment sales. \n\n\n  The escalator and elevator company posted on Wednesday a higher net income of $428 million, or $1.12 a share, compared with $393 million, or 99 cents a share, in the same quarter a year ago. \n\n\n  Otis benefited from no longer paying UpLift transformation costs, as well as the absence of other separation-related adjustments and nonrecurring items in the prior year. \n\n\n  Adjusted earnings, which strips out exceptional items and costs, were $1.01 a share, in-line with analyst forecasts, according to FactSet. \n\n\n  Net sales rose 7% to $3.86 billion, coming in ahead of analyst forecasts which had pegged sales at a more modest $3.75 billion for the quarter. \n\n\n  The company said the quarter's performance was driven by service sales with growth in all lines of business. \n\n\n  Otis has lowered its full-year outlook for adjusted earnings per share to $4.01 to $4.05, down from a previous $4.20 to $4.24 range, with analysts expecting $4.18 for the year. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 22, 2026 06:34 ET (10:34 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}