Otis Worldwide's Mixed Q2: Navigates Challenging Market Conditions, Sales Slowdown
Otis Worldwide's Mixed Q2: Navigates Challenging Market Conditions, Sales Slowdown
New Equipment orders declined 11% Y/Y at constant currency as growth in EMEA and Asia Pacific more than offset by declines in China and the Americas. The new equipment backlog fell by 4% Y/Y in the quarter.Otis Worldwide Corp (NYSE:OTIS) shares are trading lower after the company reported a second-quarter FY24 sales decline of 3.2% Y/Y to $3.60 billion, missing the consensus of $3.73 billion.
Otis Worldwide Corp (纽交所:OTIS)股票价格下跌，因公司第二季度FY24销售额同比下降3.2%至36亿美元，低于预估的37.3亿美元。
Adjusted operating profit increased to $613 million from $590 million, and the margin expanded by 110 bps to 17.0%, driven by favorable segment performance and mix.
调整后的营业利润从59000万美元增至61300万美元，利润率由110个基点增长至17.0%，得益于良好的业务表现和混合效应。
New Equipment sales of $1.42 billion fell 11.4% Y/Y, with the segment operating margin expanding 30 bps to 7.7%.
新设备销售额为14.2亿美元，同比下降11.4%，而该部门营业利润率增加了30个基点至7.7%。
New Equipment orders declined 11% Y/Y at constant currency as growth in EMEA and Asia Pacific more than offset by declines in China and the Americas. The new equipment backlog fell by 4% Y/Y in the quarter.
新设备订单以恒定货币计算同比下降11%，尽管欧洲、中东和非洲以及亚太地区的增长超过了中国和美洲地区的下降，但是该部门的新设备备货量在季度内同比下降了4%。
Service sales increased 3.0% Y/Y to $2.18 billion, and the segment operating margin expanded 110 bps Y/Y to 24.7%.
维修服务销售额同比增长3.0%至21.8亿美元，该部门的营业利润率同比增长110个基点至24.7%。
The Farmington, Connecticut-based company's maintenance portfolio units increased by 4.2% Y/Y; Mod orders were up 14% Y/Y, and backlog was up 17% Y/Y at constant currency.
这家位于康涅狄格州法明顿的公司的维修服务组合单位同比增加了4.2%；焦耳订单同比增长14%，以恒定货币计算的备货量同比增长17%。
Adjusted EPS increased 15.2% Y/Y to $1.06, beating the consensus of $1.03.
调整后的每股收益同比增长15.2%至1.06美元，高于预估的1.03美元。
Otis's cash flow from operations of $308 million for the quarter decreased by $138 million Y/Y, and the adjusted free cash flow was $353 million. The company repurchased shares of $300 million during the quarter.
奥的斯公司本季度的经营活动现金流为3,0800万美元，同比减少了1,3800万美元，而调整后的自由现金流为3,5300万美元。本季度该公司回购了3,0000万美元的股票。
Judy Marks, Chair, CEO & President, said, "To drive growth, we continue to execute on our modernization strategy, with orders growth above 10% for the eighth consecutive quarter and backlog up mid-teens. Based on this performance, and with confidence in our Service-driven, customer-centric strategy, we are raising our EPS outlook."
董事长兼首席执行官Judy Marks表示：“为了推动业务增长，我们继续执行现代化策略，订单增长连续八个季度超过10%，备货增长两位数。基于这一表现和对我们以服务为驱动、以客户为中心的策略的信心，我们提高了每股收益的预期。”
Recently, Otis appointed Cristina Méndez as Executive Vice President & Chief Financial Officer, effective August 23, succeeding Anurag Maheshwari, who is leaving for a new opportunity.
最近，奥的斯公司任命Cristina Méndez为执行副总裁兼财务总监，任命于8月23日生效，接替离职的Anurag Maheshwari。
FY24 Outlook: Otis revised its outlook for adjusted EPS to $3.85-$3.90 (from $3.83-$3.90 prior) vs. the consensus of 3.87.
FY24展望：奥的斯将其调整后的每股收益展望修订为3.85-3.90美元（之前为3.83-3.90美元），预估为3.87美元。
The company lowered its net sales outlook to $14.30 billion-$14.50 billion (from $14.50 billion-$14.80 billion), vs. the consensus of $14.62 billion, and its organic sales growth outlook to 1%-3% (vs. up 3%-5% prior).
公司将其净销售额展望下调至143亿美元至145亿美元（原先为145亿美元至148亿美元），预估为146.2亿美元，并将其有机销售增长展望下调至1%-3%（之前为3%-5%）。
The company sees adjusted operating profit of $2.40 billion-$2.45 billion and adjusted free cash flow of $1.5 billion-$1.6 billion.
该公司预计调整后的营业利润将为24亿美元至24.5亿美元，调整后的自由现金流为15亿美元至16亿美元。
Investors can gain exposure to the stock via WBI BullBear Value 3000 ETF (NYSE:WBIF) and WBI BullBear Yield 3000 ETF (NYSE:WBIG).
投资者可以通过WBI BullBear Value 3000 ETF (纽交所:WBIF)和WBI BullBear Yield 3000 ETF (纽交所:WBIG)获得该股票的曝光机会。
Price Action: OTIS shares are down 4.34% at $94.11 premarket at the last check Wednesday.
价格走势：截至上周三最后一次查看，OTIS股票以94.11美元的价格下跌了4.34%。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明：本内容部分使用人工智能工具生成，并经Benzinga编辑审核发布。
