Wed. 24 Apr 2024, 6:11am ET
Benzinga
News, Guidance
2024 Outlook1
Otis is revising its full year outlook:
•Net sales of $14.5 to $14.8 billion
•Organic sales up 3 to 5%
◦Organic New Equipment sales approximately flat
◦Organic Service sales up 6 to 7%
•Adjusted operating profit of $2.40 to $2.45 billion, up $160 to $190 million at constant currency; up $135 to $175 million at actual currency
•Adjusted EPS of $3.83 to $3.90, up 8 to 10%; adjusted effective tax rate of approximately 25.5%
•Adjusted free cash flow of approximately $1.6 billion