Revenue segments as reported by the company.

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Service

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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.

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Selling, general and administrative

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Year over year growth in Revenue and Operating Expenses.

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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 Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q1 2024

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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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Otis continues to deliver mid-single digit organic Service growth and strong margin expansion 1Q Net sales up 2.7% and organic sales up 3.8% driven by Service net sales up 5.8% with organic sales up 6.5% 1Q GAAP EPS up 8.9% and adjusted EPS up 10.0% with GAAP operating profit margin expansion of 50 basis points and adjusted operating profit margin expansion of 80 basis points 1Q New Equipment orders down 10%, backlog down 2%, ~flat at constant currency 1Q Mod orders up 13%, backlog up 14%, up 15% at constant currency Maintenance portfolio units increased 4.1% 1Q GAAP cash flow from operations of $171 million; adjusted free cash flow of $155 million 1Q share repurchases of $300 million Updated full-year outlook1; increasing adjusted EPS to $3.83 to $3.90 and full year share repurchase target to $1 billion FARMINGTON, Conn. , April 24, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported first quarter 2024 net sales of $3.4 billion with 3.8% organic growth.

OTIS REPORTS FIRST QUARTER 2024 RESULTS

FARMINGTON, Conn. , April 23, 2024 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.39 per share of Otis' common stock, representing a 14.7% increase.

Otis Announces 14.7 Percent Increase in Quarterly Dividend to $0.39 per Share

Otis Worldwide's (OTIS) first-quarter 2024 performance is likely to have benefited from strong volume and favorable pricing. Yet, currency fluctuations are a concern.

Otis Worldwide (OTIS) to Post Q1 Earnings: Factors to Note

FARMINGTON, Conn. , April 22, 2024 /PRNewswire/ -- Otis (NYSE: OTIS), the world's leading elevator and escalator manufacturing, installation and service company, announced that the Science Based Targets initiative (SBTi) has approved its near-term science-based greenhouse gas (GHG) emissions reduction targets.

Science Based Targets initiative Approves Otis Targets for Reducing Greenhouse Gas Emissions

Get a deeper insight into the potential performance of Otis Worldwide (OTIS) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Gear Up for Otis Worldwide (OTIS) Q1 Earnings: Wall Street Estimates for Key Metrics

FARMINGTON, Conn. , April 10, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, April 24, 2024, at 8:30 a.m.

Otis First Quarter 2024 Earnings Advisory

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Why Otis Worldwide (OTIS) is a Top Momentum Stock for the Long-Term

Otis Worldwide (OTIS) is benefiting from strategic investment initiatives as well as growing orders and backlog trends. However, high costs and expenses are hurting prospects.

Here's Why Investors Must Hold Otis Worldwide (OTIS) Stock Now

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A company with strong underlying growth drivers, driven by an extensive portfolio of elevator units that could drive multiple expansion in the years ahead. A dominant player maintaining elevators in some of the most prestigious sites across the globe. A dividend yield of 1.44% with a payout ratio of 38%, leaves exciting room for more distribution in earnings to shareholders.

Otis Worldwide: A Compelling Service Segment

OTIS elevates Burj Khalifa with cutting-edge modernization with the latest contract.

OTIS Secures Major Modernization Contract for Burj Khalifa

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Otis will modernize 34 elevators and eight escalators and maintain all units in the world-famous landmark   Otis installed the iconic building's original elevators and escalators in 2010 The Burj Khalifa is the world's tallest building, welcoming approximately 17 million visitors annually These upgrades will support safe and efficient vertical mobility for years to come DUBAI, UAE, March 6, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS), the world's leading manufacturer of elevators, escalators, and moving walkways, has been selected by Emaar Properties to modernize 34 of the 57 elevators and all eight escalators in the Burj Khalifa, the world's tallest building. The contract includes servicing of all the units for an additional 10 years.

Otis Wins Modernization Project and 10-Year Service Contract Extension for Burj Khalifa

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

Otis Worldwide (OTIS) Up 6.4% Since Last Earnings Report: Can It Continue?

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) Soars to 52-Week High, Time to Cash Out?

Otis Worldwide (OTIS) could produce exceptional returns because of its solid growth attributes.

3 Reasons Growth Investors Will Love Otis Worldwide (OTIS)

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: Here's What You Should Know

OTIS is set to achieve its medium-term outlook on the back of operational improvements.

OTIS Provides Medium-Term Guidance for Sales & EPS, Shares Up

Highlights accelerating portfolio growth with Service sales growing mid-single digits or higher, while gaining share in New Equipment Outlines medium-term outlook* with low to mid-single digit organic sales growth and over 10% annualized adjusted EPS growth Plans to return over $8 billion in capital to shareholders through dividends and share repurchases through 2028 FARMINGTON, Conn. , Feb. 15, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) is hosting its 2024 Investor Day at the New York Stock Exchange today, beginning at 9 a.m.

Otis presents medium-term outlook driven by Service momentum at 2024 Investor Day; Expects to deliver >10% annualized EPS growth

FARMINGTON, Conn. , Feb. 1, 2024 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.34 per share of Otis' common stock.

Otis Declares Quarterly Dividend of $0.34 per Share

Solid operational improvement, a lower share count and an effective tax rate improvement boost OTIS Q4 earnings.

OTIS Q4 Earnings & Sales Top, New Equipment Orders Up 3%

Otis Worldwide Corporation (OTIS) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Otis Worldwide (OTIS) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Otis Worldwide (OTIS) Q4 Earnings: A Look at Key Metrics

Otis Worldwide (OTIS) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.75 per share a year ago.

News for Otis Worldwide Stock (OTIS)