OTIS REPORTS SECOND QUARTER 2026 RESULTS

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    "domain": "otis.com"
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  "data": {
    "url": "https://www.prnewswire.com/news-releases/otis-reports-second-quarter-2026-results-302832034.html",
    "title": "OTIS REPORTS SECOND QUARTER 2026 RESULTS",
    "excerpt": "Otis delivers organic Service sales growth of 9% matching the highest level since spin with strong double-digit growth in modernization and repair and accelerating maintenance trends Second quarter 2026 First half 2026 FARMINGTON, Conn. , July 22, 2026 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS ) reported second quarter 2026 net sales of $3.9 billion with organic sales up 6% versus the prior year. GAAP earnings per share (EPS) increased 13% to $1.12 and adjusted EPS decreased 4% to $1.01. \"Otis delivered a solid quarter, with net sales up 7%, supported by growth across all Service lines and sequential improvement in New Equipment trends. Our strategy, actions and investments in Service quality are gaining traction as evidenced by double-digit growth in both modernization and repair sales with maintenance growth also accelerating, contributing to Service sales growth that matched the highest level achieved since spin,\" said Chair, CEO & President Judy Marks. \"Strong backlog in both modernization and New Equipment provides good visibility and supports our expectation for continued growth in the quarters ahead. We remain confident in the long-term growth opportunities across our Service portfolio. An aging installed base and our customers' increasing focus on reliability, uptime and Service quality are driving favorable demand in both modernization and repair...",
    "summary": "Otis Worldwide Corporation reported net sales of $3.9 billion for the second quarter of 2026, an increase of 7% compared to the prior year.",
    "location": "Farmington, Connecticut, USA",
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    "published_at": "2026-07-22T10:08:00Z",
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        "state": "Connecticut",
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    "article_sentence": ", July 22, 2026 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS ) reported second quarter 2026 net sales of $3.9 billion with organic sales up 6% versus the prior year.",
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