Otis Worldwide Reports Q2 Earnings with Strong Service Growth but Lower Profit Outlook
Otis Worldwide reported a 6% increase in organic sales for the second quarter of 2026, driven by strong performance in its service and modernization segments. However, margins declined due to rising costs related to labor, materials, productivity challenges, and investments. The company reduced its full-year adjusted operating profit and EPS guidance.
Tickers: $OTIS
Topics: Dividend Earnings Margins Sales Growth Stock Buybacks