While Otis reported strong performance in its Service and Modernization segments, challenges in the China market and a decline in New Equipment sales present significant headwinds. The impact of tariffs further complicates the outlook. Despite these challenges, the company's sustainability achievements and share repurchase efforts are positive notes.

Company Guidance

In the second quarter of 2025, Otis reported a 4% increase in organic Service sales, driven by growth across all business lines and regions. The company's maintenance portfolio also expanded by 4%, maintaining its industry-leading 2.4 million unit portfolio under service. Modernization orders surged by 22%, resulting in a 16% backlog increase at constant currency, while New Equipment orders experienced a 1% decline, primarily due to challenges in China, although orders in the rest of the world grew by 11%. Otis continues to make progress with its UpLift initiative, aiming for $200 million in run rate savings by year-end. Additionally, the company anticipates $40 million in savings from its China transformation efforts. Adjusted EPS for the first half of 2025 stood at $1.97, a 2% increase from the prior year, supported by margin expansion and tax planning. Despite a challenging environment, Otis completed $300 million in share repurchases in the second quarter, bringing the year-to-date total to $550 million.

Service Segment Performance

Organic Service sales in the second quarter were up 4%, with growth across all business lines and in all regions. The maintenance portfolio grew 4%, contributing to the industry-leading 2.4 million unit portfolio under service.

Modernization Orders and Backlog

Modernization orders accelerated to 22% growth, with a backlog up 16% at constant currency. Notable growth in orders was seen in the Americas and Asia Pacific, each growing more than 20%.

Share Repurchase and Sustainability Recognition

Otis completed approximately $300 million in share repurchases in the second quarter, with year-to-date repurchases at approximately $550 million. The company received multiple sustainability awards, including recognition by TIME magazine as one of the world's most sustainable companies.

Otis Worldwide (OTIS) Earnings, Revenues Date & History

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OTIS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	1.00 / -	0.96	―	―	―
Jul 23, 2025	2025 (Q2)	1.03 / 1.05	1.06	-0.94% (-0.01)
Apr 23, 2025	2025 (Q1)	0.90 / 0.92	0.88	4.55% (+0.04)
Jan 29, 2025	2024 (Q4)	0.96 / 0.93	0.87	6.90% (+0.06)
Oct 30, 2024	2024 (Q3)	0.97 / 0.96	0.95	1.05% (+0.01)
Jul 24, 2024	2024 (Q2)	1.02 / 1.06	0.92	15.22% (+0.14)
Apr 24, 2024	2024 (Q1)	0.87 / 0.88	0.8	10.00% (+0.08)
Jan 31, 2024	2023 (Q4)	0.86 / 0.87	0.75	16.00% (+0.12)
Oct 25, 2023	2023 (Q3)	0.88 / 0.95	0.8	18.75% (+0.15)
Jul 26, 2023	2023 (Q2)	0.86 / 0.92	0.86	6.98% (+0.06)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

OTIS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	$100.50	$88.06	-12.38%
Apr 23, 2025	$98.05	$91.46	-6.72%
Jan 29, 2025	$94.62	$93.42	-1.27%
Oct 30, 2024	$99.66	$96.62	-3.05%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.