Revenue segments as reported by the company.

New Equipment

Service

Revenue Segments

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

Gross Margin

Operating Margin

Profit Margin

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

Other income (expense), net

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

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

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EBITDA

Net income

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Net PPE

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Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

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Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

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Cash from financing

Change in stock

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Cash from other sources

Net change in cash

Free cash flow

Otis Worldwide Corporation (OTIS) CEO Judy Marks on Q4 2020 Results - Earnings Call Transcript

Shares of Otis Worldwide (NYSE:OTIS) moved higher by 1.3% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share rose 40.43% over the past year to $0.66, which beat the estimate of $0.59.

Recap: Otis Worldwide Q4 Earnings

Shares of Otis Worldwide Corp. were indicated up about 0.5% in premarket trading Monday, after the elevator and escalator maker reported fourth-quarter profit and sales that rose above expectations, and provided an upbeat full-year outlook. Net income increased to $251 million, or 58 cents a share, from $218 million, or 50 cents a share, in the year-ago period.

Otis stock set for gains after profit and revenue rose above forecasts, and upbeat outlook

FARMINGTON, Conn., Feb. 1, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported fourth quarter 2020 net sales of $3.5 billion with 1.3% organic growth. GAAP diluted earnings per share (EPS) increased 16.0% to $0.58 and adjusted diluted EPS increased 40.4% to $0.66. Full...

Otis Reports Fourth Quarter And Full Year 2020 Results

FARMINGTON, Conn., Jan. 27, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) today released the results of a three-month academic study that investigates how elevator airflow affects potential exposure to the COVID-19 virus and a science-based approach for how to mitigate that...

Otis Releases Elevator Airflow Study Findings: COVID-19 Exposure on Elevator Ride is Low Risk with Simple Mitigation

FARMINGTON, Conn., Jan. 15, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Monday, February 1, 2021, at 10:00 a.m. EST. Otis President & CEO Judy Marks and Executive Vice President & CFO Rahul Ghai will discuss the company's full year and...

Otis Fourth Quarter 2020 Earnings Advisory

Otis has a strong brand that started in 1853 with the development of the elevator breaker. Otis One will help increase sales, raise conversion rates, and lower costs.

Why I Will Never Sell Otis

FARMINGTON, Conn., Jan. 11, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation ("TRC Capital") to purchase up to 2 million shares, or about 0.46 percent, of Otis's outstanding common stock...

Otis Recommends Shareholders Reject TRC Capital "Mini-Tender" Offer

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Otis's Q3 results showed the resilience of elevator businesses, with sales down only 1.2% year-on-year (they were down only 6.5% in Q2). Cost savings helped EBIT grew 7.0% year-on-year in Q3; leverage, lower interest and a lower tax rate helped EPS grew 24.3% year-on-year.

Otis: Resilient Q3 Results Point To 51% Upside By 2023 Year-End

Otis Worldwide Corp (OTIS) CEO Judith Marks on Q3 2020 Results - Earnings Call Transcript

FARMINGTON, Conn., Oct. 26, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported third quarter 2020 net sales of $3.3 billion, a decrease of 1.2% organically versus the prior year. GAAP diluted earnings per share (EPS) decreased 16.4% to $0.61 and adjusted diluted EPS...

Otis Reports Third Quarter 2020 Results

Otis Worldwide Corp. reported Monday a third-quarter profit and sales that beat expectations, and provided an upbeat full-year outlook. The elevator and escalator installation company's stock was still inactive in premarket trading.

Otis beats profit and sales expectations, and provides an upbeat outlook

FARMINGTON, Conn., Oct. 9, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Monday, October 26, 2020, at 10:00 a.m. EDT. Otis President & CEO Judy Marks and Executive Vice President & CFO Rahul Ghai will discuss third quarter results and the...

Otis Third Quarter 2020 Earnings Advisory

Morgan Stanley

Otis Worldwide's (OTIS) CEO Judy Marks on Morgan Stanley Virtual 8th Annual Laguna Conference - Transcript

FARMINGTON, Conn., Aug. 19, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) President & CEO Judy Marks and Executive Vice President & CFO Rahul Ghai will participate in a conference call hosted by Barclays on September 3, 2020 at 10:00 a.m.

Otis CEO and CFO to speak on Barclays conference call

FARMINGTON, Conn., Aug. 17, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) has acquired Bay State Elevator, including its service portfolio and operations in Massachusetts, Connecticut, Vermont and upstate New York.

Otis Acquires Bay State Elevator, Further Strengthens Presence in Northeast U.S.

Otis Worldwide Corp (OTIS) CEO Judith Marks on Q2 2020 Results - Earnings Call Transcript

FARMINGTON, Conn., July 28, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) reported second quarter 2020 net sales of $3.0 billion, a decrease of 6.5% organically versus the prior year.

Otis Reports Second Quarter 2020 Results

FARMINGTON, Conn., July 22, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS), the world's leading company for elevator and escalator manufacturing, installation and service, has joined the Paradigm for Parity® coalition, pledging its commitment to close its global leadership.

Otis Commits to Achieving Gender Parity by 2030

FARMINGTON, Conn., July 15, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) is helping customers around the world prepare for the safe reopening and continued maintenance of their buildings – where people live and work – through touchless elevator technologies, purification...

Otis Focuses on Innovative Customer and Passenger Safety Solutions

COVID-19 Office Paradigm Shift Could Be A Tailwind For Otis

FARMINGTON, Conn., July 13, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Tuesday, July 28, 2020, at 10:00 a.m. EDT. Otis President & CEO Judy Marks and Executive Vice President & CFO Rahul Ghai will discuss second quarter results and the...

Otis Second Quarter 2020 Earnings Advisory

Otis Market Share Strategy Leveling Playing Field, Schindler Resilient On Demographics And End-Markets

News for Otis Worldwide Stock (OTIS)