Otis Reiterates 2024 Outlook: Organic Sales Up 3%-5%, Adjusted EPS Up 7% To 10% And Adjusted Free Cash Flow Of ~$1.6B
Portfolio Pulse from Benzinga Newsdesk
Otis has reaffirmed its 2024 financial outlook, projecting an increase in organic sales by 3%-5%, a rise in adjusted EPS by 7% to 10%, and an expected adjusted free cash flow of approximately $1.6 billion.
February 15, 2024 | 11:16 am
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POSITIVE IMPACT
Otis has reaffirmed its 2024 financial outlook with positive growth in organic sales, adjusted EPS, and adjusted free cash flow.
Reiterating a positive financial outlook typically instills confidence in investors, suggesting that the company is on track to meet or exceed its financial targets. This can lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100