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13 November 2025

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Higher earnings for Otis and Carrier

21 Jul 11 The parent company of Otis Elevators and heating and air-conditioning manufacturer Carrier has reported increased earnings for both businesses.

United Technologies Corporation (UTC) said that new equipment orders at Otis were up 23% and that new orders at Carrier for commercial heating, ventilation and air conditioning equipmentآ  grew 13%آ  in the second quarter of the year.

"For the first time since the second quarter of 2008, all six of our business segments reported organic sales growth in the quarter,â€‌ said UTC chairman and chief executive officer Louis Chenevert. “More encouragingly, order rates remain strong and in line with expectations."

Across the group, sales for the quarter increased 9% to US$15.1bn (آ£9.36bn)

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