OTIS News & Events

In an interview on CNBC's Mad Money, Judy Marks said the demand for refurbishment of older elevators puts Otis in a strong position for 2026. 9M elevators are over 20 years old and in need of refurbishment, she noted. The company is going into 2026 with a 30% backlog. Its North America business has been growing for the past six quarters and she is bullish on it.

Reports Q4 revenue $3.8B, consensus $3.87B. "Otis finished the year with solid performance driven by our Service flywheel. We generated our highest adjusted operating profit margin expansion and EPS growth in 2025, as anticipated, due to strong Service sales growth, up 8% with organic sales up 5% in the quarter," said chair, CEO and president Judy Marks. "Modernization orders grew 43% in the quarter, marking another quarter of exceptional performance. Our modernization and New Equipment backlogs ended the year up 30% and 2%, respectively, setting us up well for 2026 and beyond. We executed our balanced capital management strategy, buying back approximately $800 million of shares, raised our dividend again, and returned $1.5 billion in cash to our shareholders. Our 2026 outlook reflects momentum from Q4, an improved cost structure, a strategic focus on growth, and steady confidence that our strategy will continue driving meaningful returns for our shareholders."

Sees FY26 revenue $15B-$15.3B, consensus $15.26B. Sees FY26 adjusted operating profit $2.5B-$2.6B. Sees FY26 adjusted free cash flow $1.6B-$1.7B.