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

Research and development

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Year over year growth in Revenue and Operating Expenses.

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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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

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.

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FARMINGTON, Conn. , June 12, 2022 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) Chair, CEO & President Judy Marks and CFO Rahul Ghai are meeting with international investors on Monday, June 13 th and Tuesday, June 14 th, respectively.

Otis International Marketing Advisory

Digital innovation and strong prospects benefit Otis (OTIS) despite the ongoing crisis in Ukraine.

Otis (OTIS) Rides on Innovation Amid Russia-Ukraine Woes

Danaher

Equifax

Morgan Stanley

NIKE

The MS Global Franchise Portfolio (Trades, Portfolio), part of Morgan Stanley's ( MS , Financial) mutual funds, disclosed in a regulatory filing that its top five buys during the first quarter included new positions in Otis Worldwide Corp. ( OTIS , Financial) and Equifax Inc. ( EFX , Financial) and boosts to its holdings in Nike Inc. ( NKE , Financial), LVMH Moet Hennessy Louis Vuitton SE ( XPAR:MC , Financial) and Danaher Corp. ( DHR , Financial).

MS Global Franchise Portfolio's Top 5 1st-Quarter Buys

Otis Worldwide (OTIS) reported earnings 30 days ago. What's next for the stock?

Why Is Otis Worldwide (OTIS) Up 4.3% Since Last Earnings Report?

Otis is the world's leading elevator and escalator manufacturing, installation and service company. More than 50% of sales come from recurring sources. At $74, the shares are still quite expensive, but the valuation premium compared to its competitors is justified given the company's market-leading position and lower exposure to China.

Otis: Expected To Thrive In The New Normal Of Government-Mandated Infrastructure Programs

FARMINGTON, Conn. , May 9, 2022 /PRNewswire/ -- Otis Worldwide Corporation ("Otis") (NYSE: OTIS) executed the squeeze out provision to acquire the remaining interest in Zardoya Otis, S.A.

Zardoya Otis Delisted from Spanish Stock Exchanges

Higher organic sales, margin improvement and a lower effective tax rate boost Otis Worldwide's (OTIS) Q1 earnings.

Otis (OTIS) Beats on Earnings in Q1, Increases Dividend

Otis Worldwide Corporation (NYSE:OTIS ) Q1 2022 Earnings Conference Call April 25, 2022 8:30 AM ET Company Participants Michael Rednor - Senior Director, Investor Relations Judy Marks - Chair, Chief Executive Officer and President Rahul Ghai - Executive Vice President and Chief Financial Officer Conference Call Participants Nigel Coe - Wolfe Research Steve Tusa - JPMorgan. Steve Jeff Sprague - Vertical Research Nick Housden - RBC Capital Markets Julian Mitchell - Barclays Joe O'day - Wells Fargo Cai von Rumohr - Cowen John Walsh - Credit Suisse Joel Spungin - Berenberg Operator Good morning and welcome to the Otis First Quarter 2022 Earnings Conference Call.

Otis Worldwide Corporation (OTIS) CEO Judy Marks on Q1 2022 Results - Earnings Call Transcript

Otis Worldwide Corp (NYSE: OTIS) reported first-quarter FY22 sales growth of 0.2% year-over-year to $3.414 billion, +3.1% on an organic basis, missing the consensus of $3.43 billion. New Equipment sales of $1.42 billion (-2.5% Y/Y), -0.5% organic.

Otis Worldwide Shares Gain Post Q1 Results

Delivers strong first quarter results including mid-single digit organic Service sales growth and high-single digit adjusted EPS growth 1Q Net sales up 0.2% and organic sales up 3.1% with GAAP EPS up 2.8% and adjusted EPS up 6.9% 1Q New Equipment orders up 8.8%; backlog up 4%, up 6% at constant currency with growth in all regions 1Q Maintenance portfolio units were up more than 3% 1Q GAAP cash flow from operations of $504 million; free cash flow of $474 million, or 152% of net income Completed $200 million in share repurchases and repaid $500 million of debt Revised full year outlook1, including prior year compares, to exclude Russia business2...expect 2022 organic sales to be up 3 to 4%, adjusted EPS of $3.22 to $3.27 and free cash flow1 of ~$1.6 billion FARMINGTON, Conn.

OTIS REPORTS FIRST QUARTER 2022 RESULTS

FARMINGTON, Conn. , April 22, 2022 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.29 per share of Otis' common stock, which represents a 20.8% increase.

Otis Announces a 20.8 Percent Increase in Quarterly Dividend to $0.29 per Share

Otis Worldwide (OTIS) is likely to have witnessed higher revenues and earnings in the Q1, given the recovery in end-markets served.

Can Otis Worldwide (OTIS) Report Higher Earnings in Q1?

Activision Blizzard

Coca-Cola

After markets closed on Wednesday, Alcoa reported earnings that beat the consensus estimate but missed the revenue estimate.

Earnings Previews: Activision Blizzard, Coca-Cola, Otis Worldwide

- Students proposed creative mobility solutions for older populations - Otis mentors inspired the next generation of innovators across 14 countries and territories FARMINGTON, Conn., April 14, 2022 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS), the world's leading company for elevator and escalator manufacturing, installation and service, has selected the winning schools of its second annual Made to Move Communities™ challenge.

Otis Announces Winners of Made to Move Communities Challenge

FARMINGTON, Conn. , April 11, 2022 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Monday, April 25, 2022, at 8:30 a.m.

Otis First Quarter 2022 Earnings Advisory

FARMINGTON, Conn. , April 8, 2022 /PRNewswire/ -- Otis Worldwide Corporation ("Otis") (NYSE: OTIS) received the results of its voluntary public tender offer to acquire the remaining 49.98% interest in Zardoya Otis, S.A.

Otis Receives Results of Zardoya Tender Offer

Consistent focus on innovative solutions and services as well as R&D to continue driving growth for Otis Worldwide (OTIS).

Why Investors Should Buy Otis Worldwide (OTIS) Stock Now

- Report's ''Sustaining Connections" theme highlights how Otis builds connections that help people, societies and environments thrive -  FARMINGTON, Conn. , March 31, 2022 /PRNewswire/ -- Otis Worldwide Corp. (NYSE: OTIS) today launched its first Environmental, Social and Governance (ESG) Report as an independent company.

Otis Releases Inaugural Environmental, Social and Governance Report

Otis Worldwide (OTIS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Otis Worldwide (OTIS) Upgraded to Buy: What Does It Mean for the Stock?

Otis Worldwide (OTIS) Down 7.1% Since Last Earnings Report: Can It Rebound?

FARMINGTON, Conn., March 1, 2022 /PRNewswire/ -- Otis Worldwide Corp. (NYSE: OTIS) today announced it has received approval from the Spanish National Securities Exchange Commission ("CNMV") for the voluntary public tender offer made by its wholly-owned subsidiary Opal Spanish Holdings, S.A.

Otis Receives CNMV Approval of Voluntary Public Tender Offer for Remaining Interest in Zardoya Otis

SPDR SSGA Gender Diversity Index ETF

Yum China Hlds

Northrop Grumman

Various studies indicate that publicly traded companies having gender diversity in the C-suite and on the board can lead to better outcomes for investors. Along those lines, a strong case can be made that not enough major U.S. companies, including plenty of S&P 500 members, are promoting women to the highest “C”-level jobs.

This ETF Holds Some of the Top Women-Led Companies

FARMINGTON, Conn. , Feb. 23, 2022 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) Chair & CEO Judy Marks and CFO Rahul Ghai are meeting with investors at the Barclays 39th Annual Industrial Select Conference.

Otis to Attend Barclays Industrial Select Conference

FARMINGTON, Conn., Feb. 15, 2022 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) is hosting its 2022 Investor Day virtually today, beginning at 9 a.m.

Otis Presents Value Creation Strategy at 2022 Investor Day

OTIS delivered good results in Q4 2021, with organic sales up by 2.8%. Prudent cash management, with $500M debt deleveraging and a potential share buyback planned for FY2022. At the current price level of $83, I recommend monitoring the stock and entering when the opportunity comes.

News for Otis Worldwide Stock (OTIS)