2024 Outlook1
Otis is revising its full year outlook:
- Net sales of $14.3 billion to $14.5 billion
- Organic sales up 1% to 3%
- Organic New Equipment sales down mid-single digits
- Organic Service sales up 6% to 7%
- Adjusted operating profit of $2.40 billion to $2.45 billion, up $160 million to $190 million at constant currency; up $135 million to $175 million at actual currency
- Adjusted EPS of $3.85 to $3.90, up 9% to 10%; adjusted effective tax rate of approximately 25.25%
- Adjusted free cash flow of approximately $1.5 billion to $1.6 billion