Otis Worldwide Corporation (OTIS)
The company now
Otis reported third-quarter 2026 net sales of $3.9 billion on 28 October, with organic sales up 6 percent 1. GAAP earnings per share were $1.08, against $0.95 a year earlier, while adjusted earnings per share of $1.05 was flat 1.
Service, the maintenance, repair and upgrade side, grew net sales 8 percent to $2.6 billion 1. Its operating profit margin was 24.2 percent, up 100 basis points from the second quarter 1. New Equipment, which sells new elevators and escalators, grew 3 percent, but its margin fell to 3.2 percent 1.
China remains the drag 1. New Equipment sales there fell by more than 20 percent in the quarter, and orders there fell by a low teens percentage 1.
The company is also searching for a new chief executive 3. On 15 September 2026 it announced that Judith Marks, its chair and chief executive, has agreed to retire by 31 July 2027 at the latest 3.
As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.
Newer filings are on file since this was written; an update is queued.