Revenue segments as reported by the company.

New Equipment

Service

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Research and development

Selling, general and administrative

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Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Otis Worldwide

Otis Worldwide Corp. engages in the manufacture, installation, and provision of escalator and escalator services. It operates through the New Equipment and Service segments. The New Equipment segment designs, manufactures, sells, and installs a wide range of passenger and freight elevators. The Service segment offers maintenance and repair services, and modernization services to upgrade elevators and escalators. The company was founded by Elisha Graves Otis in 1853 and is headquartered in Farmington, CT.

Earnings data Q1 2021

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Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Otis Worldwide reports strong Q4 performance and outlines growth plans

Otis Worldwide showcased robust performance in Q4 2022, with growth in key metrics and strategic initiatives driving future growth prospects.
Despite challenges from headwinds, the company's strengths in margin expansion, global projects, and ESG efforts position it well for continued success.
With a focus on enhancing productivity, customer relationships, and cash flow conversion, Otis is poised to capitalize on opportunities for sustained growth and profitability.

Otis Worldwide reports strong Q1 results, eyes growth opportunities in Asia

Otis Worldwide's Q1 performance reflects a robust business model with positive growth indicators and strategic capital allocation. While facing regional challenges, the company remains confident in its outlook and aims for sustained profitability and growth.

Otis Worldwide reports strong Q2 performance and eyes growth opportunities in Asia

Otis Worldwide reported a strong Q2 performance with high single-digit organic sales growth, expanded profit margins, and notable EPS growth. The company showcased strength in securing global contracts, emphasizing sustainability, and introducing operational efficiency initiatives.
While facing challenges with new equipment orders and market uncertainties in China, Otis has opportunities to leverage its strong market presence, focus on sustainability, and capitalize on growth in Asia. Initiatives like the UpLift program and mod margin enhancements position the company for future success.
Overall, Otis Worldwide's performance in Q2 reflects resilience and strategic focus, with a strong service segment, robust financial results, and a commitment to sustainability. The company's initiatives and market opportunities present a positive outlook for continued growth and profitability.

Otis Worldwide reports strong Q3 results amidst New Equipment challenges

Otis Worldwide's Q3 performance showcased strength in service segments and organic sales growth, despite challenges in New Equipment orders. The company's focus on key markets like China and initiatives like the Uplift program position it well for future growth.

Otis Worldwide reports robust Q4 performance and eyes modernization growth

Otis Worldwide's Q4 performance showcased strong growth in modernization orders, service sales, and global project wins, underpinned by innovation and sustainability goals.
While facing challenges in backlog volume and competitive markets, Otis remains focused on opportunities for margin growth, ESG initiatives, and market expansion.
The company's 2024 outlook is optimistic, with expectations of continued growth in key financial metrics and a strategic focus on modernization and service segments.

Otis Worldwide reports strong Q1 performance, eyes growth in India

Otis Worldwide's Q1 performance showcased growth in key segments, margin expansion, and strategic investments in growth markets like India. Challenges include margin maintenance in China and backlog conversion in the Modernization segment. Opportunities exist in acquisitions, supply chain optimization, and the high-growth market of India.

Otis Worldwide reports solid Q2 performance amidst market challenges

Otis Worldwide's Q2 performance showcased strength in the Service segment but faced challenges in New Equipment orders due to market conditions. The company's focus on ESG goals and cost-saving initiatives present opportunities for future growth and efficiency.

Otis Worldwide reports solid Q3 results, eyes growth opportunities

Otis Worldwide delivered a strong Q3 performance driven by service segment growth.
While facing challenges in New Equipment sales, the company is optimistic about future opportunities.
With a focus on operational excellence and shareholder value, Otis aims for continued growth in 2024.

Revenue

Cost of revenue

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Operating expenses

SG&A

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EBITDA

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Cash from other sources

Net change in cash

Free cash flow

OTIS benefits from robust R&D investments and operational improvements, reflecting solid backlog and order volume. Chinese markets ail.

OTIS Benefits From R&D Investments Despite China Market Woes

The elevator and escalator manufacturing industry is highly concentrated and sees only a few big players. Otis is the largest among them and, since its recent spin-off, it has been able to deliver improving results. Although orders are in decline, the service segment needs to be considered carefully as it reaches numbers worthy to look at.

Otis: When Manufacturing Couples With Recurring Revenue

Otis is a leading global elevator and escalator manufacturer. I believe the stock is undervalued with a potential upside of 5-20%, offering a favorable risk/reward opportunity. The company's 1H 2023 results outperformed the same period in 2022, with strong growth in its Service business; however, challenges remain, particularly in the China market and global wage inflation. I believe Otis's future success will depend on its capital allocation strategy, and its ability to secure new installation projects and convert them into Service Business customers.

Otis: Reaching New Heights On Core Business, Dividend Growth And Share Repurchases

Solid operational improvement, organic sales growth and a lower share count boost Otis's (OTIS) Q2 earnings.

Otis (OTIS) Q2 Earnings & Revenues Top Estimates, '23 View Up

Otis Worldwide Corporation (NYSE:OTIS ) Q2 2023 Earnings Conference Call July 26, 2023 8:30 AM ET Company Participants Michael Rednor - Senior Director of Investor Relations Judy Marks - Chair, Chief Executive Officer and President Anurag Maheshwari - Executive Vice President and Chief Financial Officer Conference Call Participants Nigel Coe - Wolfe Research Julian Mitchell - Barclays Steve Tusa - JPMorgan Jeffrey Sprague - Vertical Research Partners Nick Housden - RBC Capital Markets Josh Pokrzywinski - Morgan Stanley Joe O'Dea - Wells Fargo Gautam Khanna - TD Cowen Operator Good morning, and welcome to Otis Second Quarter 2023 Earnings Conference Call. This call is being carried live on the Internet and recorded for replay.

Otis Worldwide Corporation (OTIS) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for Otis Worldwide (OTIS) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Otis Worldwide (OTIS) Reports Q2 Earnings: What Key Metrics Have to Say

Otis Worldwide (OTIS) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.86 per share a year ago.

Otis Worldwide (OTIS) Surpasses Q2 Earnings and Revenue Estimates

Delivers high-single digit organic sales growth in both segments and mid-single digit adjusted EPS growth 2Q Net sales up 6.7% and organic sales up 9.5%. GAAP EPS up 18.4% and adjusted EPS up 7.0% 2Q New Equipment orders down 12%; backlog flat, adjusted backlog up 5% at constant currency Maintenance portfolio units increased 4.2%; 2Q Mod orders up 16%, backlog up 14% at constant currency 2Q GAAP cash flow from operations of $446 million; free cash flow of $409 million, or 109% of net income Otis launches UpLift program to improve operating model, with expected cost savings of $150 million within two years Updated full-year outlook1 with sales up 3.5 to 5.5% at actual currency, adjusted EPS of $3.45 to $3.50 and reiterating free cash flow of $1.5 to $1.55 billion.

OTIS REPORTS SECOND QUARTER 2023 RESULTS

Otis Worldwide's (OTIS) second-quarter results are expected to reflect the fluctuations in foreign currency exchange rates.

Otis Worldwide (OTIS) to Post Q2 Earnings: Factors to Note

FARMINGTON, Conn. , July 12, 2023 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, July 26, 2023, at 8:30 a.m.

Otis Second Quarter 2023 Earnings Advisory

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Although macroeconomic challenges are concerns for the Zacks Building Products - Miscellaneous industry, focus on operational efficiencies and higher government spending raise hopes for OTIS, OC, ACA, ROAD and PGTI.

5 Stocks to Buy From the Promising Building Products Industry

OTIS introduces the Gen3 Core elevator under the Gen3 umbrella to support North America's growing demand for two-to-six-story buildings.

OTIS Launches the Digitally Connected Gen3 Core Elevator

Otis Worldwide (OTIS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Otis Worldwide Corporation (OTIS) Hit a 52 Week High, Can the Run Continue?

- Platform brings IoT connectivity, sustainability and passenger comfort to growing market segment FARMINGTON, Conn. , June 8, 2023 /PRNewswire/ -- Otis Worldwide Corp. (NYSE: OTIS), today introduces the Gen3 Core elevator, the newest member of the Gen3™ family of digitally native elevators, designed specifically for North America's growing two-to-six story building segment.

Otis Unveils Connected Gen3 Core™ Elevator for North America

OTIS benefits from robust R&D investments and operational improvements, reflecting solid backlog and order volume.

OTIS Benefits From Solid R&D Investments, Orders & Backlog

Otis became a publicly traded company in 2020 after spinning off from United Technologies. Since becoming a separate entity, management has been focused on growth with great success.

Otis: The Stock Could Be Heading For The Top Floor

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Otis Worldwide Corporation (OTIS), Ethan Allen Interiors (ETD), W.W. Grainger (GWW), Rogers Communications (RCI) and Parker-Hannifin Corporation (PH) recently hiked dividends.

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Otis Worldwide has an impressive 13.8% average quarterly return on capital. Net margins have been slowly rising, and have reached 9.89% in the most recent quarter.

Otis Worldwide: Shareholder Value Is Eventually Going To The Top Floor

Otis Worldwide Corporation (OTIS) Q1 2023 Earnings Call Transcript.

Otis Worldwide Corporation (OTIS) Q1 2023 Earnings Call Transcript

Solid operational improvement, organic sales growth and a lower share count boost Otis Worldwide's (OTIS) Q1 earnings.

Otis (OTIS) Q1 Earnings & Sales Beat Estimates, View Solid

Although the revenue and EPS for Otis Worldwide (OTIS) give a sense of how its business performed in the quarter ended March 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Otis Worldwide (OTIS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Otis Worldwide (OTIS) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.77 per share a year ago.

Otis Worldwide (OTIS) Beats Q1 Earnings and Revenue Estimates

Delivers solid first quarter results driven by mid-single digit organic Service growth and strong New Equipment orders performance 1Q Net sales down 2.0% and organic sales up 3.6%. GAAP EPS up 8.2% and adjusted EPS up 5.3% 1Q New Equipment orders up 7.4%; NE backlog up 3%, adjusted backlog up 10% at constant currency Maintenance portfolio units increased 4.2% 1Q GAAP cash flow from operations of $278 million; free cash flow of $253 million, or 76% of net income Updated full-year outlook1 with sales up 2.5 to 4.5% at actual currency, adjusted EPS of $3.40 to $3.50 and reiterating free cash flow of $1.5 to $1.55 billion.

OTIS REPORTS FIRST QUARTER 2023 RESULTS

FARMINGTON, Conn. , April 25, 2023 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.34 per share of Otis' common stock, which represents a 17.2% increase.

News for Otis Worldwide Stock (OTIS)