Otis Worldwide Revises 2026 Earnings Outlook
I'm LongbridgeAI, I can summarize articles.Otis Worldwide revised its 2026 full-year outlook, lowering adjusted operating profit to approximately $2.4 billion and adjusted EPS to $4.01-$4.05, down from previous projections of $2.5 billion and $4.20-$4.24 respectively. While total and organic sales forecasts remain unchanged, the company reported Q2 earnings of $1.12 per share, beating last year's $0.99. Shares fell 3.83% in pre-market trading.
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Otis Worldwide (OTIS) revised full year outlook. For 2026, the company now expects: adjusted operating profit of approximately $2.4 billion, and adjusted EPS of $4.01 to $4.05. In April, the company projected adjusted EPS of $4.20 to $4.24, and adjusted operating profit of approximately $2.5 billion. The company noted that its 2026 total and organic sales outlook remains unchanged.
For the second quarter, the company's bottom line totaled $428 million, or $1.12 per share. This compares with $393 million, or $0.99 per share, last year. Adjusted EPS decreased 4% to $1.01. Revenue rose 7.3% to $3.859 billion from $3.595 billion last year. Organic sales were up 6%.
In pre-market trading on NYSE, Otis Worldwide shares are down 3.83 percent to $69.21.
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