Otis Worldwide Corporation Reports Q3 2026 Organic Sales Growth Amidst China Market Weakness
Otis Worldwide Corporation (OTIS) reported third-quarter 2026 net sales of $3.9 billion, representing a 6% organic growth driven by expansion in both the Service and New Equipment segments. Modernization organic sales saw a significant 20% increase, while new equipment organic sales grew by 3%, marking its first organic increase since 2023. Despite these gains, the company faced headwinds from a sharp decline of over 20% in China's new equipment market and an adjusted operating margin contraction of 110 basis points to 16.0%. Management maintained full-year guidance for net sales between $15.1 billion and $15.3 billion and EPS between $4.01 and $4.05, noting that unfavorable price and mix continue to impact new equipment profitability.
Tickers: $OTIS
Topics: Adjusted EPS China Market Performance Free Cash Flow Guidance Net Sales Organic Growth
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