OTIS REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS
Otis Worldwide Corporation (OTIS)
Company Research
Source: PR Newswire
Otis delivers solid fourth quarter and full year results; announces 2025 outlook with sustained earnings growth driven by continued Service momentumFourth quarter 2024Net sales up 1.5% and organic sales up 1.9%, driven by Service sales up 7.6% and Service organic sales up 7.8%GAAP EPS up 6.3% and adjusted EPS up 6.9% with continued margin expansionMaintenance portfolio units increased 4.2%Modernization orders up 18%; backlog up 10%, 13% at constant currencyGAAP cash flow from operations of $690 million; adjusted free cash flow of $682 million; share repurchases of $200 millionFull year 2024Net sales up 0.4% and organic sales up 1.4%, driven by Service sales up 5.9% and Service organic sales up 6.8%GAAP EPS up 20.1% and adjusted EPS up 8.2%GAAP cash flow from operations of $1.6 billion, adjusted free cash flow of $1.6 billion; share repurchases of $1.0 billionOutlook for full year 2025*: Organic sales up 2 to 4%, adjusted earnings per share of $4.00 to $4.10 and adjusted free cash flow
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OTIS
News
- Otis Elevates Passenger Experience at Malaysia's Armani Hallson KLCCPR Newswire
- Otis Worldwide (NYSE:OTIS) had its "positive" rating reaffirmed by analysts at Wells Fargo & Company.MarketBeat
- Otis Worldwide (NYSE:OTIS) was upgraded by analysts at BNP Paribas from a "hold" rating to a "strong-buy" rating.MarketBeat
- Otis Worldwide (NYSE:OTIS) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Otis Worldwide (NYSE:OTIS) was upgraded by analysts at BNP Paribas Exane from a "neutral" rating to an "outperform" rating. They now have a $105.00 price target on the stock.MarketBeat
OTIS
Earnings
- 10/29/25 - Beat
OTIS
Sec Filings
- 12/5/25 - Form 4
- 12/5/25 - Form 4
- 11/7/25 - Form 4
- OTIS's page on the SEC website