Otis Q2 Profit Rises but Slashes FY Outlook to $4.01-$4.05
OTIS is trading near its 52-week low of $69.16 (0.1% above the low).
Summary
Otis reported Q2 net income of $428M, up from $393M a year ago, with revenue rising 7% to $3.86B, beating estimates. The company slashed its full-year adjusted EPS guidance to $4.01-$4.05 from $4.20-$4.24, well below the $4.18 consensus, reflecting ongoing weakness in New Equipment where organic sales declined, even as Service organic sales grew 9%. Additionally, Otis has revised its 2026 earnings outlook. The stock is already trading near its 52-week low, and this guidance reduction reinforces the negative sentiment.
At the time of this announcement, OTIS was trading at $69.23 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $27.6B. The 52-week trading range was $69.16 to $101.15. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.