NYSE$OTIS
Otis Worldwide Corp · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Delivered strong first quarter results with sales growth and margin expansion in both segments and double digit New Equipment orders growth; improved 2021 outlook.
Otis reported strong first quarter results with a 14.9% increase in net sales and a 10.3% increase in organic sales. GAAP EPS increased 86.8% to $0.71, and adjusted EPS increased 20.0% to $0.72. The company has improved its full-year outlook.
- Net sales up 14.9%; organic sales up 10.3%
- GAAP operating profit up $180 million with 380 basis points of margin expansion
- New Equipment orders up 18.4%; backlog up 8%, 2% at constant currency
- GAAP cash flow from operations of $585 million; free cash flow of $541 million
Headline financials
Revenue & EPS history
Otis · Revenue · Quarterly
$3.41B
Revenue by segment
Otis · $3.41B total across 2 segments · Q1 2021
- Service$1.95B—57.2%
- New Equipment$1.46B+29.8%42.8%
Forward guidance
Otis is improving its full year outlook with net sales of $13.6 to $13.9 billion, organic sales up 4 to 6%, adjusted EPS $2.78 to $2.84, and free cash flow of $1.35 to $1.45 billion.
Tailwinds
- Net sales of $13.6 to $13.9 billion, up 6.7 to 8.7%
- Organic sales up 4 to 6%
- Organic New Equipment sales up 7.5 to 8.5%
- Organic Service sales up 2 to 4%
- Adjusted EPS $2.78 to $2.84, up 10 to 13%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-0.1%
Avg return
Earnings day
-0.6%
Avg return
5 days after
+4.0%
Avg return
30 days after
30%
9 / 30 earnings
Positive
+10.8%
Q1 2021
Best reaction
-6.7%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.5% | -1.8% | -7.7% | |
| Q4 2025 | -1.9% | -4.9% | +2.2% | |
| Q3 2025 | +2.3% | -1.2% | -2.7% | |
| Q2 2025 | -1.9% | -0.7% | -0.2% | |
| Q1 2025 | -6.7% | -5.4% | -2.2% | |
| Q4 2024 | -1.3% | -1.4% | +4.1% | |
| Q3 2024 | -3.1% | -1.9% | +1.6% | |
| Q2 2024 | -5.4% | -5.4% | -4.2% | |
| Q1 2024 | -4.6% | -4.2% | +0.1% | |
| Q4 2023 | -0.5% | +1.0% | +6.3% | |
| Q3 2023 | -2.3% | -0.9% | +10.1% | |
| Q2 2023 | +2.4% | +3.9% | -4.2% | |
| Q1 2023 | +3.9% | +4.0% | -1.0% | |
| Q4 2022 | +2.0% | +1.8% | +5.7% | |
| Q3 2022 | +1.7% | +2.6% | +14.3% | |
| Q2 2022 | +5.7% | +7.6% | +3.5% | |
| Q1 2022 | -1.4% | -0.8% | +0.1% | |
| Q4 2021 | +1.0% | -0.4% | -4.8% | |
| Q3 2021 | -6.3% | -6.2% | -1.4% | |
| Q2 2021 | -0.3% | +1.2% | +2.9% | |
| Q1 2021 | +10.8% | +9.2% | +9.1% | |
| Q4 2020 | -0.0% | -1.1% | +3.6% | |
| Q3 2019 | -1.9% | +0.3% | +8.7% | |
| Q3 2020 | -2.3% | -3.4% | +6.2% | |
| Q2 2019 | -0.3% | -0.5% | +0.3% | |
| Q2 2020 | +10.3% | +7.6% | +8.4% | |
| Q1 2019 | +0.0% | -6.9% | +13.0% | |
| Q1 2020 | +0.0% | -6.9% | +13.0% | |
| Q4 2019 | +0.0% | -6.9% | +13.0% | |
| Q4 2018 | +0.0% | +2.9% | +21.2% |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro