Organic Sales Growth
Otis reported a 2% increase in organic sales for Q3 2025, driven by a 6% growth in the Service segment and a 14% growth in modernization sales.
Earnings Per Share Increase
Adjusted earnings per share increased by 9% in the quarter, driven by strong operational performance and a lower share count.
Modernization Orders and Backlog
Modernization order growth accelerated to 27%, with backlog increasing 22%, indicating strong future revenue potential.
Cash Flow and Share Repurchases
Adjusted free cash flow increased to $337 million, with total share repurchases year-to-date reaching approximately $800 million.
Service Segment Performance
Service operating profit increased by $49 million at constant currency, with operating profit margins expanding by 70 basis points to 25.5%.
Recognition and Innovation
Otis was named in TIME magazine's list of the world's best companies for 2025 and launched the Otis Arise MOD packages, reflecting commitment to innovation.