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Otis Worldwde 10-Q Filings

OTIS NYSE

Every 10-Q that Otis Worldwde (OTIS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow OTIS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full OTIS filings page.

Rhea-AI Summary

Otis Worldwide Corporation reported higher sales and profits for the quarter and six months ended June 30, 2026. Net sales rose 7% to $3,859 million in the quarter and to $7,425 million year-to-date, driven by strong Service growth that more than offset softer New Equipment demand.

Net income attributable to Otis increased to $428 million in the quarter and $768 million year-to-date, with diluted EPS of $1.12 and $1.99. This reflected lower restructuring and transformation costs and a reduced effective tax rate, while gross margin percentage declined modestly on higher labor and material costs.

Operating cash flow strengthened to $680 million from $405 million, funding $800 million of share repurchases, $330 million of dividends and a $170 million Service acquisition in France. Cash was $813 million and long-term debt including current portion $8,226 million. Remaining performance obligations were about $19.7 billion, roughly 75% expected to convert to sales within 24 months, and Otis continued to realize UpLift savings and benefits from a favorable German tax ruling while noting potential impacts from tariffs and geopolitical conflicts.

Rhea-AI Summary

Otis Worldwide Corporation reported higher earnings for the quarter ended March 31, 2026. Net sales rose to $3,566 million from $3,350 million, driven by 11% growth in the Service segment, while New Equipment sales declined 1%.

Net income attributable to Otis increased to $340 million from $243 million, with diluted EPS up to $0.87 from $0.61. Operating cash flow strengthened to $413 million from $190 million, supporting $163 million of dividends and $400 million of share repurchases. Service margins remained strong despite cost pressures, and total remaining performance obligations reached about $19.8 billion, with roughly 75% expected as sales over the next 24 months.

Rhea-AI Summary

Otis Worldwide Corporation reported Q3 2025 results with net sales of $3.69 billion, up from $3.55 billion, driven by higher service sales ($2.43B vs $2.24B) offsetting lower product sales ($1.26B vs $1.31B). Operating profit rose to $586 million from $363 million, while net income attributable to Otis was $374 million versus $540 million, reflecting higher income tax expense and interest expense versus a prior-year benefit.

Diluted EPS was $0.95 compared with $1.34. For the first nine months, sales were $10.64 billion and diluted EPS was $2.55 (vs $10.59 billion and $3.23). Cash and cash equivalents were $840 million, down from $2.30 billion at year-end, after repaying $1.3 billion notes due 2025, issuing $500 million notes due 2035 at 5.131%, paying $483 million in dividends, and repurchasing $800 million of shares (8.6 million YTD; 2.8 million in Q3 for $247 million). Remaining performance obligations were about $19.0 billion, with roughly 75% expected to convert to sales over the next 24 months.