Otis Worldwide (OTIS) Tops Q2 EPS by 8c, Offers Guidance

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Go back to Otis Worldwide (OTIS) Tops Q2 EPS by 8c, Offers Guidance

Otis Reports Second Quarter 2021 Results

July 26, 2021 6:12 AM EDT

FARMINGTON, Conn., July 26, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) reported second quarter 2021 net sales of $3.7 billion with 15.4% organic growth. GAAP operating profit was up $145 million and margin expanded 150 basis points to 15.2%. Adjusted operating profit was up $115 million and margin expanded 40 basis points to 15.5%. GAAP diluted earnings per share (EPS) increased 46.2% to $0.76 and adjusted diluted EPS increased 41.1% to $0.79.

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