Otis Worldwide Corp — Form 8-K
Filed October 28, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Otis reported Q3 2026 net sales of $3.9B (+6% organic), with Service revenue up 7% organic and New Equipment up 3% organic. Service segment operating profit margin improved 100bps sequentially to 24.2%, though declined 130bps year-over-year. Adjusted operating profit fell $6M to $626M; adjusted EPS flat at $1.05 vs. $1.05 prior year. Company maintained full-year guidance: net sales $15.1–$15.3B, adjusted EPS $4.01–$4.05, adjusted free cash flow ~$1.5B. YTD share repurchases: $800M; dividends: $500M.
Why this rating
Solid top-line growth and Service margin improvement are positive, but adjusted profit flat/down and New Equipment weakness offset gains. Routine quarterly earnings; small relative to $38.8B market cap.
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