Otis Q3 net sales up 6%, adjusted EPS flat at $1.05

Otis Worldwide reported third-quarter net sales of $3.9 billion, up 6% year over year, with organic sales up 6%. GAAP EPS rose 14% to $1.08, while adjusted EPS was flat at $1.05. Service operating profit margin improved 100 basis points sequentially to 24.2%, and the company said it is broadly maintaining its full-year outlook.