OTIS · 10-Q · 2026Q3

Otis Worldwide Corp

Filed 2026-10-29 · Technology · View original filing on EDGAR

Everything OTIS's SEC filings said, ranked

Ranked Events

• Balance Sheet and LiquidityImportance 61 · Surprise 32
  At September 30, 2026, Otis had $866 million of cash and cash equivalents, with approximately 86% held by foreign subsidiaries, and total debt of $8,275 million. Net debt was $7,409 million, up from $6,860 million at…
• Operating Cash Flow TrendsImportance 59 · Surprise 48
  Net cash provided by operating activities was approximately $1.0 billion for the nine months ended September 30, 2026, compared with $779 million in the same 2025 period. The increase primarily reflected higher net…
• Revenue Performance and MixImportance 55 · Surprise 32
  For the quarter ended September 30, 2026, net sales were $3,914 million, up from $3,690 million a year earlier; nine-month sales were $11,339 million versus $10,635 million. Organic volume increased 6% for the quarter…
• Capital Return ProgramImportance 50 · Surprise 24
  The January 16, 2025 share repurchase authorization permits up to $2.0 billion of common-stock repurchases, with approximately $500 million remaining at September 30, 2026. Otis repurchased $807 million of common stock…
• Restructuring and HeadcountImportance 46 · Surprise 42
  Other restructuring costs totaled $23 million for the nine months ended September 30, 2026, including $19 million for 2026 actions and $4 million for 2025 actions. UpLift restructuring actions generated about $103…
• Geographic Market CommentaryImportance 41 · Surprise 48
  New Equipment organic sales increased at low-teens rates in the Americas, at high-single-digit rates in Asia Pacific, and at a mid-single-digit rate in EMEA during the third quarter of 2026. These gains were partly…
• Market Demand TrendsImportance 41 · Surprise 48
  For the quarter ended September 30, 2026, New Equipment organic sales increased 3%, with low-teens growth in the Americas, high-single-digit growth in Asia Pacific and mid-single-digit growth in EMEA, partly offset by…
• Gross Margin DriversImportance 31 · Surprise 32
  Gross margin was $1,155 million for the quarter and $3,373 million for the nine months ended September 30, 2026. Gross margin percentage declined 120 basis points year over year for the quarter to 29.5% and 60 basis…
• Income Tax Rate ChangesImportance 25 · Surprise 32
  The effective tax rate declined to 22.8% from 24.8% for the third quarter of 2026 and to 22.2% from 23.9% for the first nine months. The decrease primarily reflected a reduction in current tax liability following the…
• Operating Expense TrendsImportance 23 · Surprise 24
  Selling, general and administrative expense declined $15 million year over year in the third quarter of 2026, while increasing $52 million for the first nine months. Quarterly expense reductions reflected lower…
• Capital ExpendituresImportance 18 · Surprise 14
  Capital expenditures were $116 million during the nine months ended September 30, 2026, compared with $107 million in the first nine months of 2025. Investing activities used $255 million of net cash in 2026, including…

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