Otis Worldwide (NYSE: OTIS) reported Q3 EPS of $0.95, $0.07 better than the analyst estimate of $0.88. Revenue for the quarter came in at $3.52 billion versus the consensus estimate of $3.54 billion.

2023 Outlook

Otis is revising its full year outlook:

Adjusted net sales of ~$14.1 billion, up ~4%
Organic sales up ~5.5%

Organic New Equipment sales up ~3%
Organic Service sales up ~7.5%

Adjusted operating profit of ~$2.265 billion, up ~$170 million at constant currency; up ~$140 million at actual currency
Adjusted EPS of ~$3.52, up ~11%; adjusted effective tax rate of ~26.0%
Free cash flow of ~$1.5 billion with conversion of ~105% of GAAP net income
Share repurchases of $800 million

For earnings history and earnings-related data on Otis Worldwide (OTIS) click here.