Otis Reports Q3 2024 Earnings Results
Otis (OTIS) reported Q3 2024 earnings with net sales of $3.5 billion, driven by organic growth in the Service segment. New equipment sales declined due to a significant drop in China, but service sales and modernization backlog showed strong growth. Adjusted operating profit margin reached 16.9%, and adjusted EPS increased by 1%.
Tickers: $OTIS
Topics: China Performance Earnings EPS Free Cash Flow New Equipment Profit Margin Sales Growth Service Segment