Otis Worldwide Posts Rise in 4Q Earnings; Sees Growth in 2025

Dow Jones

Jan 29, 2025

By Don Nico Forbes

Otis Worldwide posted an increase in profit and revenue in the fourth quarter driven by the Service segment, and outlined expectations for growth in 2025.

The Farmington, Conn., maker of elevators and escalators, on Wednesday posted profit of $337 million, or 84 cents a share, up from $323 million, or 79 cents a share, a year earlier.

On an adjusted basis, earnings per share came in at 93 cents, below analyst estimates of 96 cents, according to FactSet.

The company, formerly a branch of United Technologies, said revenue rose 1.5% to $3.68 billion, slightly above analyst views of $3.64 billion. Sales were driven by the Service segment, which saw revenue jump 7.6% to $2.3 billion.

For 2025, Otis said it expects organic sales to rise between 2% and 4%, with adjusted EPS of $4.00 to $4.10 and adjusted free cash flow of approximately $1.6 billion.

Write to Don Nico Forbes at don.forbes@wsj.com

(END) Dow Jones Newswires

January 29, 2025 06:36 ET (11:36 GMT)

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Sales were driven by the Service segment, which saw revenue jump 7.6% to $2.3 billion.For 2025, Otis said it expects organic sales to rise between 2% and 4%, with adjusted EPS of $4.00 to $4.10 and adjusted free cash flow of approximately $1.6 billion.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"OTIS":"奥的斯"},"translate_title":"奥的斯全球第四季度盈利增长；预计2025年将实现增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OTIS":0.9},"content_text":"By Don Nico Forbes \n\n\n \n\n\n  Otis Worldwide posted an increase in profit and revenue in the fourth quarter driven by the Service segment, and outlined expectations for growth in 2025. \n\n\n  The Farmington, Conn., maker of elevators and escalators, on Wednesday posted profit of $337 million, or 84 cents a share, up from $323 million, or 79 cents a share, a year earlier. \n\n\n  On an adjusted basis, earnings per share came in at 93 cents, below analyst estimates of 96 cents, according to FactSet. \n\n\n  The company, formerly a branch of United Technologies, said revenue rose 1.5% to $3.68 billion, slightly above analyst views of $3.64 billion. Sales were driven by the Service segment, which saw revenue jump 7.6% to $2.3 billion. \n\n\n  For 2025, Otis said it expects organic sales to rise between 2% and 4%, with adjusted EPS of $4.00 to $4.10 and adjusted free cash flow of approximately $1.6 billion. \n\n\n \n\n\n  Write to Don Nico Forbes at don.forbes@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 29, 2025 06:36 ET (11:36 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}