Otis: Q4 EPS up 9%

(CercleFinance.com) - Otis has reported adjusted Q4 2021 EPS that is up 9.
1% to 72 cents, despite an adjusted operating profit margin that was flat year-on-year at 14.6%.

At nearly 3.6 billion dollars, the lift maker's revenue rose 2.2%, with organic sales up 2.8%, including organic growth of 1.2% in new equipment and 4% in services.

With FY 2021 adjusted EPS of 3.01 dollars and organic sales growth of 8.9%, Otis is targeting FY 2022 adjusted EPS of 3.20 to 3.30 dollars, with organic sales growth of 2.5% to 4.5%.

After closing up a fraction (0.2%) on Friday, the share is down almost 1% in pre-market trading today.



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