NYSE$OTIS
Otis Worldwide Corp · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Otis delivered solid fourth quarter results with growth in net sales and adjusted EPS, driven by service sales and margin expansion.
Otis reported a 1.5% increase in net sales and a 6.9% increase in adjusted EPS for the fourth quarter of 2024. The company's service segment drove growth, with service sales up 7.6% and service organic sales up 7.8%. Modernization orders also saw a significant increase of 18%.
- Net sales increased by 1.5%, with organic sales up by 1.9%, driven by a strong performance in the Service sector.
- GAAP EPS rose by 6.3%, and adjusted EPS increased by 6.9%, supported by continued margin expansion.
- The maintenance portfolio expanded by 4.2%.
- Modernization orders surged by 18%, and the backlog increased by 10% (13% at constant currency).
Headline financials
Revenue & EPS history
Otis · Revenue · Quarterly
$3.68B
Revenue by segment
Otis · $3.52B total across 2 segments · Q3 2023
- Service$2.09B+10.1%59.3%
- New Equipment$1.44B-0.8%40.7%
Forward guidance
Otis anticipates net sales of $14.1 to $14.4 billion, organic sales growth of 2 to 4%, and adjusted EPS between $4.00 and $4.10 for full year 2025.
Tailwinds
- Organic sales are expected to increase by 2 to 4%.
- Organic Service sales are projected to grow by 6 to 7%.
- Adjusted operating profit is anticipated to increase by $120 to $150 million at constant currency.
- Adjusted EPS is forecasted to rise by 4 to 7%.
- The company expects adjusted free cash flow of approximately $1.6 billion.
Headwinds
- Net sales are projected to be down 1 to up 1%.
- Organic New Equipment sales are expected to decline by 1 to 4%.
- UpLift program savings may be offset by other factors.
- China transformation program savings might not fully materialize.
- Unspecified risks and uncertainties could impact actual results.
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 Q4 2024
-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