OTIS US S&P 500Russell 1000 Konferencja wynikowa
Otis Worldwide
Wyniki II kw. 2026 vs I kw. 2026 · poprzedni kwartał · opublikowano 22 lip 2026 i 22 kwi 2026
Net income up 25.9% on the previous quarter. Management sounded upbeat, though noticeably less so answering analysts.
1 · Liczby
+25,9%
Zysk netto vs I kw. 2026
Podano perspektywy
Zysk netto 428,0 mln vs 340,0 mln
Przychody +8,2%
Against the same quarter last year (II kw. 2025) it is +8.9% — part of the move on last quarter is seasonal.
2 · Jak mówił zarząd
Optymistyczny
More upbeat than 85% of company calls
Answers to analysts: restrained, but clearly less so than the script.
Similar to last call.
3 · Co się wyróżniło
In the first half of 2026, Otis repurchased approximately $800 million of shares and increased its dividend by 5%.
Między wierszami
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Główny temat
Service revenue growth is expected to drive sustained margin recovery in coming quarters.
Cytat ze źródła
“Starting on slide three, we achieved significant top-line growth as we delivered a solid quarter with a significant step-up in organic... We hope everyone listening is safe and well. Service remains the key growth engine of the business, with 9% organic sales growth supported by 24% modernization growth, double-digit repair growth, and accelerating maintenance trends....”
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Główny temat
Otis Worldwide delivered another quarter of strong cash generation with adjusted free cash flow of $290 million, up 19% year-over-year.
Cytat ze źródła
“We delivered another quarter of strong cash generation with adjusted free cash flow of $290 million, up 19% year-over-year. While orders were down 5% in the quarter, backlog increased 4% at constant currency and the business is showing greater stability, supported by a sales turnaround in the Americas at a robust 10% growth. The strength of our cash flow reflects the resilience of our business model.”
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Prognoza
Otis expects sustained margin recovery in the coming quarters due to continued growth in service revenue.
Cytat ze źródła
“With continued service revenue growth, we expect a sustained recovery in margins in the next quarters.”
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Prognoza
Otis reported that productivity and cost headwinds were higher than anticipated this quarter, which impacts the company's projected costs.
Cytat ze źródła
“Productivity and cost headwinds were higher than we anticipated this quarter.”
Wycena
Odwrócony DCF. Wolne przepływy pieniężne z ostatniego pełnego roku obrotowego (2025-12-31), powiększane przez 10 lat, zdyskontowane, plus wartość rezydualna. „Wzrost implikowany” to tempo, które zakłada obecna cena.
Aktualna cena
$65.88
zamknięcie z 2026-10-05
Rynek zakłada wzrost o iRoczny wzrost wolnych przepływów pieniężnych przez następne 10 lat, który zakłada dzisiejsza cena akcji. Jeśli uważasz, że spółka będzie rosła szybciej, akcja jest w tym modelu tania; wolniej — droga.
+8,6% przez 10 lat
Wartość godziwa / akcję
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Cena vs wartość godziwa
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Cena vs cena zakupu
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Ton
Jak optymistyczny był język w porównaniu z innymi spółkamiiTon to liczba pozytywnych słów finansowych minus liczba negatywnych, skorygowana o długość tekstu. Zarządy zwykle mówią pozytywnie, więc etykiety porównują każdą konferencję z ostatnimi konferencjami wszystkich spółek: „typowy” to środkowa trzecia, „bardzo optymistyczny” to najlepsze 10%, „ostrożny” to najsłabsze 10%.. Kropka: II kw. 2026. Pierścień: I kw. 2026.
Management sounded noticeably less positive answering analysts than in its prepared script — a bigger drop than in 91% of calls. Scripts are polished in advance; a drop under questioning often marks the topics analysts pressed on, so the answers deserve a closer read than the script.
Zdania, które wpłynęły na ton
“Ramp up top-line growth by converting the robust modernization backlog, coupled with our strong growth momentum in repair, capture the flow-through of our micro-pricing initiatives, improve service quality to strengthen...”
“Providing some color on the third quarter, we expect service organic sales to remain strong at mid-single-digit growth, mainly driven by repair and modernization that will continue to grow on...”
“Growth was supported by a strong customer demand and execution against a robust backlog, which continues to be driven by ongoing orders growth.”
Liczby
USD · SEC EDGAR XBRL (10-Q, period end 2026-06-30)
| Pozycja | II kw. 2026period end 2026-06-30 | I kw. 2026period end 2026-03-31 | Zmiana | II kw. 2025 | r/r |
|---|---|---|---|---|---|
| Przychody | 3,86 mld | 3,57 mld | +8,2% | 3,60 mld | +7,3% |
| Zysk operacyjny | 575,0 mln | 539,0 mln | +6,7% | 547,0 mln | +5,1% |
| Zysk netto | 428,0 mln | 340,0 mln | +25,9% | 393,0 mln | +8,9% |
| Zysk na akcję | 1,12 | 0,87 | +28,7% | 0,99 | +13,1% |
Tematy
Najczęściej omawiane teraz
- Otis Worldwide's adjusted free cash flow is now expected to be between $1.5 billion-$1.55 billion, in line with the operating profit...
- This year, its goal was on top of the usual price increase, Otis Worldwide wanted to add micro pricing that it...
- Please note, except where otherwise noted, the company will speak to results from continuing operations, excluding restructuring…
- Otis Worldwide strongly believe that the investments it is making in capacity, quality, pricing, and commercial execution are enhancing its…
- Modernization orders increased 9% in the quarter, driven by a strong order growth in China, up significantly.
Zniknęło od I kw. 2026
- Słabnie This backlog provides improved visibility into the future and supports Otis Worldwide's view of modernization as a durable multiyear…
- Słabnie Modernization organic sales grew 6%, supported by a strong backlog conversion in the Americas China and Asia Pacific, partially offset...
- Słabnie Repair organic sales were in line with Otis Worldwide's expectations, up 10% and reflecting solid orders momentum and healthy customer…
- Słabnie Higher volume and favorable pricing provided a benefit that these were more than offset by continued investments to support long-term...