(RTTNews) - While reporting financial results for the fourth quarter on Wednesday, Otis Worldwide Corp. (OTIS) initiated adjusted earnings and net sales guidance for the full-year 2025, below analysts' expectations.
For fiscal 2025, the company now projects adjusted earnings in a range of $4.00 to $4.10 per share on net sales between $14.1 billion to $14.4 billion, with organic sales growth of 2 to 4 percent. The Street is looking $4.12 per share on net sales of $14.55 billion for the year.
On average, analysts polled expect the company to report earnings of $4.12 per share on net sales of $14.55 billion for the year. Analysts typically exclude one-time items.
Otis said it continues its strong execution on UpLift program and is increasing expected run-rate savings to $200 million by the second half of 2025.
Otis also launches China transformation program to adjust its operating model to adapt to changing market conditions, with expected run-rate savings of $30 million by year-end 2025.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
