Otis Issues Medium-Term Outlook: Organic Sales Up Low To Mid-Single Digits, Average Adjusted Operating Profit Growth Of Mid-to-High Single Digits, Adjusted EPS CAGR 10%+, Adjusted FCF CAGR Up High Single Digits
Portfolio Pulse from Benzinga Newsdesk
Otis has released its medium-term financial outlook, projecting organic sales growth in the low to mid-single digits, average adjusted operating profit growth in the mid-to-high single digits, and an adjusted EPS compound annual growth rate (CAGR) of over 10%. Additionally, Otis anticipates its adjusted free cash flow (FCF) CAGR to increase in the high single digits.
February 15, 2024 | 11:18 am
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Otis projects organic sales growth in low to mid-single digits, mid-to-high single digits in adjusted operating profit growth, over 10% adjusted EPS CAGR, and high single digits in adjusted FCF CAGR.
Otis's medium-term financial outlook is positive, indicating growth in key financial metrics such as sales, operating profit, EPS, and FCF. This comprehensive growth projection is likely to be viewed favorably by investors, potentially leading to a positive impact on Otis's stock price in the short term.
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