Otis Worldwide's Mixed Q2: Navigates Challenging Market Conditions, Sales Slowdown
Otis Worldwide's Mixed Q2: Navigates Challenging Market Conditions, Sales Slowdown
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 (紐交所:OTIS)股票價格下跌，因公司第二季度FY24銷售額同比下降3.2%至36億美元，低於預估的37.3億美元。
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.
調整後的營業利潤從59000萬美元增至61300萬美元，利潤率由110個點子增長至17.0%，得益於良好的業務表現和混合效應。
New Equipment sales of $1.42 billion fell 11.4% Y/Y, with the segment operating margin expanding 30 bps to 7.7%.
新設備銷售額爲14.2億美元，同比下降11.4%，而該部門營業利潤率增加了30個點子至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.
新設備訂單以恒定貨幣計算同比下降11%，儘管歐洲、中東和非洲以及亞太地區的增長超過了中國和美洲地區的下降，但是該部門的新設備備貨量在季度內同比下降了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%.
維修服務銷售額同比增長3.0%至21.8億美元，該部門的營業利潤率同比增長110個點子至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.
這家位於康涅狄格州法明頓的公司的維修服務組合單位同比增加了4.2%；焦耳訂單同比增長14%，以恒定貨幣計算的備貨量同比增長17%。
Adjusted EPS increased 15.2% Y/Y to $1.06, beating the consensus of $1.03.
調整後的每股收益同比增長15.2%至1.06美元，高於預估的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.
奧的斯公司本季度的經營活動現金流爲3,0800萬美元，同比減少了1,3800萬美元，而調整後的自由現金流爲3,5300萬美元。本季度該公司回購了3,0000萬美元的股票。
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."
董事長兼首席執行官Judy Marks表示：“爲了推動業務增長，我們繼續執行現代化策略，訂單增長連續八個季度超過10%，備貨增長兩位數。基於這一表現和對我們以服務爲驅動、以客戶爲中心的策略的信心，我們提高了每股收益的預期。”
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，奧的斯公司任命Cristina Méndez爲執行副總裁兼財務總監，任命於8月23日生效，接替離職的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：奧的斯將其調整後的每股收益展望修訂爲3.85-3.90美元（之前爲3.83-3.90美元），預估爲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).
公司將其淨銷售額展望下調至143億美元至145億美元（原先爲145億美元至148億美元），預估爲146.2億美元，並將其有機銷售增長展望下調至1%-3%（之前爲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.
該公司預計調整後的營業利潤將爲24億美元至24.5億美元，調整後的自由現金流爲15億美元至16億美元。
Investors can gain exposure to the stock via WBI BullBear Value 3000 ETF (NYSE:WBIF) and WBI BullBear Yield 3000 ETF (NYSE:WBIG).
投資者可以通過WBI BullBear Value 3000 ETF (紐交所:WBIF)和WBI BullBear Yield 3000 ETF (紐交所:WBIG)獲得該股票的曝光機會。
Price Action: OTIS shares are down 4.34% at $94.11 premarket at the last check Wednesday.
價格走勢：截至上週三最後一次查看，OTIS股票以94.11美元的價格下跌了4.34%。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本內容部分使用人工智能工具生成，並經Benzinga編輯審核發佈。