Otis Worldwide Guides FY25 Below Estimates - Update

Otis Worldwide Corporation Registered Shs When Issued

92.78 EUR -1.02%

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Kaufen / Verkaufen

(RTTNews) - While reporting financial results for the fourth quarter on Wednesday, Otis Worldwide Corp. (OTIS) initiated adjusted earnings and net sales guidance for the full-year 2025, below analysts' expectations.

For fiscal 2025, the company now projects adjusted earnings in a range of $4.00 to $4.10 per share on net sales between $14.1 billion to $14.4 billion, with organic sales growth of 2 to 4 percent. The Street is looking $4.12 per share on net sales of $14.55 billion for the year.

On average, analysts polled expect the company to report earnings of $4.12 per share on net sales of $14.55 billion for the year. Analysts typically exclude one-time items.

Otis said it continues its strong execution on UpLift program and is increasing expected run-rate savings to $200 million by the second half of 2025.

Otis also launches China transformation program to adjust its operating model to adapt to changing market conditions, with expected run-rate savings of $30 million by year-end 2025.

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