Form 8-K · Current report
Otis Worldwide 8-K, filed Jul 22, 2026
- Filed
- CIK
- 0001781335
- Accession no.
- 0001781335-26-000110
Summary
Otis Worldwide reported second quarter 2026 net sales of $3.9 billion, up 7% with organic sales up 6%, driven by 11% Service sales growth, and revised its full-year outlook to net sales of $15.1–15.3 billion and adjusted EPS of $4.01–$4.05. Chair, CEO and President Judy Marks said growth across all Service lines and a strong modernization and New Equipment backlog support the company's expectation for continued growth.
Key points
- Otis reported second quarter 2026 net sales of $3.9 billion, up 7% year over year with organic sales up 6%.
- Service net sales rose 11% to $2.6 billion, with organic sales up 9%; New Equipment net sales were flat at $1.3 billion with organic sales down 1%.
- GAAP EPS rose 13% to $1.12 while adjusted EPS fell 4% to $1.01; adjusted operating profit of $587 million was down $25 million.
- Otis revised its full-year outlook to net sales of $15.1–15.3 billion, adjusted operating profit of about $2.4 billion, and adjusted EPS of $4.01–$4.05.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02. Results of Operations and Financial Condition. On July 22, 2026, Otis Worldwide Corporation (“Otis”) issued a press release announcing its second quarter 2026 results. The press release issued July 22, 2026 is furnished herewith as Exhibit No. 99 to this Report, and shall not be deemed filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section and shall not be deemed to be incorporated by reference into any filing by Otis under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. …
An excerpt of the text as filed with the SEC, cut for length.
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