Otis Q3 net sales $3.62B (+10.8%); adj EPS $0.77; raises FY21 outlook, announces Zardoya Otis tender

Otis Worldwide Corp

2021-Q3 EPS reported $2.23 revenue$10,729,000,000

Q3 net sales $3.62B (+10.8% YoY, organic +8.1%); GAAP operating profit $542M (+$88M YoY).
GAAP EPS $0.77 (+26.2% YoY); adjusted EPS $0.77 (+11.6% YoY).
New Equipment orders +3.8% constant currency; backlog +4% (1% constant currency).
Raised FY21 outlook: organic sales +8.5-9.0%, adj EPS ~$2.95, FCF $1.5-$1.55B.
Announced cash tender offer for remaining 49.98% of Zardoya Otis.

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