earnings
confidence high
sentiment positive
materiality 0.80
Otis Q2 2021: revenue $3.7B, adj EPS $0.79, raises FY2021 outlook
Otis Worldwide Corp
2021-Q2 EPS reported
$1.47
revenue$7,109,000,000
- Q2 net sales $3.7B (+22.2%); GAAP EPS $0.76 (+46.2%), adj. EPS $0.79 (+41.1%).
- New Equipment orders +23.9% at constant currency; backlog +5% constant currency.
- Free cash flow $493M (151% conversion); YTD share repurchases $0.5B, target raised to $750M.
- FY2021 outlook raised: organic sales +7.5-8%, adj. EPS $2.89-$2.93, FCF $1.45-$1.5B.