Otis Worldwide (OTIS) Tops Q4 EPS by 7c, Offers FY Guidance

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Go back to Otis Worldwide (OTIS) Tops Q4 EPS by 7c, Offers FY Guidance

Otis Reports Fourth Quarter And Full Year 2020 Results

February 1, 2021 6:15 AM EST

FARMINGTON, Conn., Feb. 1, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) reported fourth quarter 2020 net sales of $3.5 billion with 1.3% organic growth. GAAP diluted earnings per share (EPS) increased 16.0% to $0.58 and adjusted diluted EPS increased 40.4% to $0.66. Full year net sales of $12.8 billion decreased 2.1% organically with GAAP diluted EPS decreasing 19.4% to $2.08 and adjusted diluted EPS increasing 12.5% to $2.52.

"Otis delivered a strong... More