Otis Worldwide (OTIS) Tops Q3 EPS by 13c, Revenues Beat; Offers FY20 EPS Guidance Above Consensus

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Go back to Otis Worldwide (OTIS) Tops Q3 EPS by 13c, Revenues Beat; Offers FY20 EPS Guidance Above Consensus

Otis Reports Third Quarter 2020 Results

October 26, 2020 6:15 AM EDT

FARMINGTON, Conn., Oct. 26, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) reported third quarter 2020 net sales of $3.3 billion, a decrease of 1.2% organically versus the prior year. GAAP diluted earnings per share (EPS) decreased 16.4% to $0.61 and adjusted diluted EPS increased 25.5% to $0.69.

"Otis had another strong quarter as we continued to grow share, build backlog, expand adjusted margin and generate robust cash flow. These outcomes again... More