Otis Worldwide Corporation Q3 2025 Earnings Recap

Otis Industries reported a solid return to growth in Q3 2025, driven primarily by robust service and modernization segments, resulting in a 9% increase in adjusted earnings per share.

Key Takeaways

• Organic sales rose 2%, with service growth at 6% and modernization up 14%.
• Adjusted operating profit margin expanded by 20 basis points, with a notable 70 basis points increase in service margin.
• Modernization backlog increased by 22%, and new equipment orders grew by 4%, indicating potential multiyear growth cycles.
• Adjusted free cash flow reached $337 million, on track to meet the $1.45 billion full-year outlook.
• Recognized as one of TIME’s best companies for 2025 and by Forbes as a top employer, reflecting commitment to excellence and innovation.