Otis Worldwide (OTIS) Tops Q4 EPS by 4c; Offers 2022 Guidance
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OTIS REPORTS FOURTH QUARTER AND FULL YEAR 2021 RESULTS
January 31, 2022 6:12 AM ESTFARMINGTON, Conn., Jan. 31, 2022 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) reported full year net sales of $14.3 billion with 8.9% organic growth. GAAP diluted earnings per share (EPS) increased 38.9% to $2.89 and adjusted diluted EPS increased 19.4% to $3.01.
"Otis delivered a strong fourth quarter, capping an excellent year as we continued to execute on our long-term strategy and provide innovative solutions and services to our customers. Despite ongoing macro challenges in 2021, we achieved consistent and broad-based organic sales growth and margin expansion, grew our maintenance portfolio at the highest rate in over 10... More
