Reports Q3 revenue $3.69B, consensus $3.64B. “Otis returned to growth as we delivered strong performance. Our Service flywheel generated our highest organic sales growth and operating profit margin expansion this year with our industry leading maintenance portfolio growing 4%,” said chair, CEO and president Judy Marks. “Modernization orders grew 27%, organic modernization sales grew 14%, and our repair business performed well. These strong results illustrate the strength of our Service driven strategy. This, coupled with a strong order book for modernization and recovery in New Equipment gives us confidence to increase the midpoint of our EPS outlook.”
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