| SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Otis Worldwide Corporation (NYSE: OTIS) |
NEW YORK , May 14, 2025 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Otis Worldwide Corporation (NYSE: OTIS) on behalf of the company's shareholders. The investigation seeks to determine whether Otis Worldwide Corporation's directors breached their fiduciary duties in connection with recent corporate actions. |
prnewswire.com |
2025-05-14 12:00:00 |
Czytaj oryginał (ang.) |
| Otis Announces Global Winner in its Made to Move Communities™ Challenge |
Team from Pembroke Pines Charter High School in Florida proposes smartphone app that uses Artificial Intelligence to aid visually impaired people; wins grants to support STEM programming at school FARMINGTON, Conn. , May 7, 2025 /PRNewswire/ -- Students from Pembroke Pines Charter High School in Pembroke Pines, Florida are the first-ever global winners of the Otis Made to Move Communities student challenge for their idea to develop a smartphone app that uses Artificial Intelligence to aid visually impaired people. |
prnewswire.com |
2025-05-07 13:01:00 |
Czytaj oryginał (ang.) |
| Otis Worldwide: Valuation Has Reflected The Visible Headwinds |
I am neutral on Otis Worldwide Corporation due to visible macro headwinds in China and the Americas impacting near-term revenue and margin trends. OTIS's latest earnings showed a slight decline in organic sales, with the NE segment dragging down overall performance despite modest growth in the services segment. Macro challenges, including declining orders in China and new tariffs, are expected to pressure OTIS's volume and margins in the near term. |
seekingalpha.com |
2025-04-30 10:32:55 |
Czytaj oryginał (ang.) |
| Otis Worldwide CEO reveals plans to handling tariffs |
Otis Worldwide chair, CEO and president Judy Marks discusses supply side options amid tariff talks on 'The Claman Countdown.' #trump #foxbusiness #tariffs |
youtube.com |
2025-04-24 02:00:43 |
Czytaj oryginał (ang.) |
| Otis Worldwide Q1 Earnings Beat Estimates, Sales Miss, Stock Down |
OTIS' first-quarter results are hurt by a dismal New Equipment segment performance but gain from the Service segment. |
zacks.com |
2025-04-23 17:40:38 |
Czytaj oryginał (ang.) |
| Otis Worldwide Corporation (OTIS) Q1 2025 Earnings Call Transcript |
Otis Worldwide Corporation (NYSE:OTIS ) Q1 2025 Earnings Conference Call April 23, 2025 8:30 AM ET Company Participants Rob Quartaro - VP, IR Judy Marks - Chair, CEO and President Cristina Mendez - EVP and CFO Conference Call Participants Jeffrey Sprague - Vertical Research Partners Amit Mehrotra - UBS Nigel Coe - Wolfe Research Steve Tusa - JPMorgan Joseph O'Dea - Wells Fargo Julian Mitchell - Barclays Chris Snyder - Morgan Stanley Nick Housden - RBC Capital Markets Operator Good morning, and welcome to Otis' First Quarter 2025 Earnings Conference Call. This call is being carried live on the Internet and recorded for replay. |
seekingalpha.com |
2025-04-23 16:01:35 |
Czytaj oryginał (ang.) |
| Otis Worldwide (OTIS) Reports Q1 Earnings: What Key Metrics Have to Say |
The headline numbers for Otis Worldwide (OTIS) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. |
zacks.com |
2025-04-23 14:35:57 |
Czytaj oryginał (ang.) |
| Otis Worldwide (OTIS) Beats Q1 Earnings Estimates |
Otis Worldwide (OTIS) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.88 per share a year ago. |
zacks.com |
2025-04-23 12:15:34 |
Czytaj oryginał (ang.) |
| OTIS REPORTS FIRST QUARTER 2025 RESULTS |
Otis delivers mid-single digit organic Service sales growth and strong Service operating profit margin expansion Service net sales up 1% with organic sales up 4% GAAP operating profit margin down 350 bps, adjusted operating profit margin up 40 bps GAAP EPS down 29% and adjusted EPS up 5% Maintenance portfolio units up 4% Modernization orders up 12%, backlog up 13%, up 14% at constant currency GAAP cash flow from operations of $190 million; adjusted free cash flow of $186 million Share repurchases of approximately $250 million FARMINGTON, Conn. , April 23, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) reported first quarter 2025 net sales of $3.3 billion with organic sales flat versus the prior year. |
prnewswire.com |
2025-04-23 10:28:00 |
Czytaj oryginał (ang.) |
| Otis Announces 8 Percent Increase in Quarterly Dividend to $0.42 per Share |
FARMINGTON, Conn. , April 22, 2025 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.42 per share of Otis' common stock, representing an 8% increase. |
prnewswire.com |
2025-04-22 20:15:00 |
Czytaj oryginał (ang.) |
| Otis Worldwide to Report Q1 Earnings: What to Expect From the Stock? |
OTIS' first-quarter performance is likely to have been impacted by lower New Equipment sales, with maintenance portfolio growth benefiting the results. |
zacks.com |
2025-04-22 14:00:59 |
Czytaj oryginał (ang.) |
| Exploring Analyst Estimates for Otis Worldwide (OTIS) Q1 Earnings, Beyond Revenue and EPS |
Beyond analysts' top -and-bottom-line estimates for Otis Worldwide (OTIS), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2025. |
zacks.com |
2025-04-21 14:22:06 |
Czytaj oryginał (ang.) |
| Otis First Quarter 2025 Earnings Advisory |
FARMINGTON, Conn. , April 9, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, April 23, 2025, at 8:30 a.m. |
prnewswire.com |
2025-04-09 11:00:00 |
Czytaj oryginał (ang.) |
| Otis Worldwide: Cautiously Optimistic Approaching Earnings (Rating Upgrade) |
Upgrading Otis Worldwide to a Buy rating due to its defensive qualities and recent outperformance amid market volatility, reflecting investor confidence. Otis's service business, accounting for 85% of operating profit, offers stable, high-margin, recession-resistant cash flows, making it a strong defensive play. Despite its premium valuation, Otis's robust free cash flow and dividend growth, supported by share buybacks, make it an attractive investment in current market conditions. |
seekingalpha.com |
2025-04-05 10:00:50 |
Czytaj oryginał (ang.) |
| Trade Tracker: Josh Brown buys Otis Worldwide |
Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to explain why he's buying a stock in a sea of red. |
youtube.com |
2025-04-03 17:17:00 |
Czytaj oryginał (ang.) |
| OTIS to Supply Elevators & Escalators for Kaohsiung's New Project |
Otis Worldwide's innovation ability reflects from its recent project win in Kaohsiung, Taiwan. Click here to learn more about the new project win. |
zacks.com |
2025-04-02 12:35:31 |
Czytaj oryginał (ang.) |
| Josh Brown's 'Best Stocks in the Market' list: RTX and Otis Worldwide |
Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to reveal two more names on his "Best Stocks in the Market" list. |
youtube.com |
2025-03-06 15:14:34 |
Czytaj oryginał (ang.) |
| Why Is Otis Worldwide (OTIS) Up 2.9% Since Last Earnings Report? |
Otis Worldwide (OTIS) reported earnings 30 days ago. What's next for the stock? |
zacks.com |
2025-02-28 14:35:43 |
Czytaj oryginał (ang.) |
| Otis Worldwide (OTIS) International Revenue in Focus: Trends and Expectations |
Examine Otis Worldwide's (OTIS) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock. |
zacks.com |
2025-02-06 12:16:13 |
Czytaj oryginał (ang.) |
| Otis Declares Quarterly Dividend of $0.39 per Share |
FARMINGTON, Conn. , Jan. 30, 2025 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.39 per share of Otis' common stock. |
prnewswire.com |
2025-01-30 18:15:00 |
Czytaj oryginał (ang.) |
| Otis Worldwide Earnings Miss Estimates in Q4, Stock Price Decreases |
OTIS Q4 results hurt by a dismal New Equipment segment performance but gain from the Service segment. Dive in to get a clear picture about the quarter. |
zacks.com |
2025-01-29 15:31:07 |
Czytaj oryginał (ang.) |
| Otis Worldwide Corporation (OTIS) Q4 2024 Earnings Call Transcript |
Otis Worldwide Corporation (NYSE:OTIS ) Q4 2024 Earnings Conference Call January 29, 2025 8:30 AM ET Company Participants Rob Quartaro - Vice President, Investor Relations Judy Marks - Chair, Chief Executive Officer and President Cristina Mendez - Executive Vice President and Chief Financial Officer Conference Call Participants Joseph O'Dea - Wells Fargo Rob Wertheimer - Melius Research Amit Mehrotra - UBS Nigel Coe - Wolfe Research Julian Mitchell - Barclays Jeffrey Sprague - Vertical Research Partners Steve Tusa - JPMorgan Chris Snyder - Morgan Stanley Nick Housden - RBC Capital Markets Miguel Borrega - BNP Paribas Operator Good morning and welcome to Otis' Fourth Quarter 2024 Earnings Conference Call. This call is being carried live on the Internet and recorded for replay. |
seekingalpha.com |
2025-01-29 14:11:46 |
Czytaj oryginał (ang.) |
| Otis Worldwide (OTIS) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates |
Although the revenue and EPS for Otis Worldwide (OTIS) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. |
zacks.com |
2025-01-29 14:01:17 |
Czytaj oryginał (ang.) |
| Otis Worldwide (OTIS) Q4 Earnings Miss Estimates |
Otis Worldwide (OTIS) came out with quarterly earnings of $0.93 per share, missing the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.87 per share a year ago. |
zacks.com |
2025-01-29 10:11:12 |
Czytaj oryginał (ang.) |
| OTIS REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS |
Otis delivers solid fourth quarter and full year results; announces 2025 outlook with sustained earnings growth driven by continued Service momentum Fourth quarter 2024 Net sales up 1.5% and organic sales up 1.9%, driven by Service sales up 7.6% and Service organic sales up 7.8% GAAP EPS up 6.3% and adjusted EPS up 6.9% with continued margin expansion Maintenance portfolio units increased 4.2% Modernization orders up 18%; backlog up 10%, 13% at constant currency GAAP cash flow from operations of $690 million; adjusted free cash flow of $682 million; share repurchases of $200 million Full year 2024 Net sales up 0.4% and organic sales up 1.4%, driven by Service sales up 5.9% and Service organic sales up 6.8% GAAP EPS up 20.1% and adjusted EPS up 8.2% GAAP cash flow from operations of $1.6 billion, adjusted free cash flow of $1.6 billion; share repurchases of $1.0 billion Outlook for full year 2025*: Organic sales up 2 to 4%, adjusted earnings per share of $4.00 to $4.10 and adjusted free cash flow of approximately $1.6 billion FARMINGTON, Conn. , Jan. 29, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported full year net sales of $14.3 billion with 1.4% organic growth. |
prnewswire.com |
2025-01-29 08:08:00 |
Czytaj oryginał (ang.) |
| Otis Worldwide: A Boring Dividend Growth Stock I Just Bought (Rating Upgrade) |
Otis Worldwide Corporation, despite international headwinds, shows resilience with projected net sales and EPS growth of 1.2% and 9% respectively, driven by strong financials and buybacks. The company faces challenges, particularly in China, but maintains a solid balance sheet, minimal CAPEX, and a strong dividend growth track record. Lower interest rates and frequent buybacks provide tailwinds, positioning Otis for potential upside with a 2026 price target of $115 per share. |
seekingalpha.com |
2025-01-28 15:00:02 |
Czytaj oryginał (ang.) |
| Can The Magnificent 7 Maintain An Upbeat Earnings Season? |
The Q4 earnings season continued on a positive note after big banks and other financials struck a bullish tone in the first two weeks of reporting. Highly anticipated reports from the Magnificent 7 will be in focus over the next couple of weeks. Southwest Airlines is set to report their Q4 2024 results on Thursday, January 30, a week later than expected. |
seekingalpha.com |
2025-01-28 13:10:00 |
Czytaj oryginał (ang.) |
| Otis Worldwide to Report Q4 Earnings: Here's What to Expect |
Dive in to know more about the factors likely to influence OTIS' fourth-quarter 2024 results. |
zacks.com |
2025-01-27 13:56:07 |
Czytaj oryginał (ang.) |
| U.S. Elevator Manufacturing Industry Market Report 2025, with Coverage of Schindler, Otis Worldwide, One and TK Elevator |
Dublin, Jan. 27, 2025 (GLOBE NEWSWIRE) -- The "Elevator Manufacturing in the US - Industry Market Research Report" has been added to ResearchAndMarkets.com's offering. |
globenewswire.com |
2025-01-27 09:58:00 |
Czytaj oryginał (ang.) |
| Otis Worldwide (OTIS) Earnings Expected to Grow: Should You Buy? |
Otis Worldwide (OTIS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2025-01-22 13:06:36 |
Czytaj oryginał (ang.) |
| Otis Authorizes $2 Billion for Share Repurchase |
FARMINGTON, Conn. , Jan. 16, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) today announced that its Board of Directors has authorized the repurchase of $2 Billion of Common Stock under a share repurchase program, effective January 16, 2025. |
prnewswire.com |
2025-01-16 18:14:00 |
Czytaj oryginał (ang.) |
| Otis Fourth Quarter 2024 Earnings Advisory |
FARMINGTON, Conn. , Jan. 8, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, January 29, 2025, at 8:30 a.m. |
prnewswire.com |
2025-01-08 09:00:00 |
Czytaj oryginał (ang.) |
| Here's Why Investors Must Retain Otis Worldwide Stock for Now |
OTIS stock benefits from innovation and restructuring actions. However, increased costs, along with foreign exchange risks, mar prospects. |
zacks.com |
2024-12-27 13:30:23 |
Czytaj oryginał (ang.) |
| OTIS to Install SkyRise Elevator System in Kuala Lumpur's Dawn KLCC |
Otis Worldwide's advanced and revolutionary vertical transportation offerings are set to grace the 68-storeyed Dawn KLCC building. |
zacks.com |
2024-12-05 14:16:23 |
Czytaj oryginał (ang.) |
| Why Is Otis Worldwide (OTIS) Up 4.4% Since Last Earnings Report? |
Otis Worldwide (OTIS) reported earnings 30 days ago. What's next for the stock? |
zacks.com |
2024-11-29 14:36:53 |
Czytaj oryginał (ang.) |
| Otis Worldwide: Strong Business And Dividend Growth, But Weak Momentum |
Otis Worldwide is a market leader with high-margin recurring revenue and a strong economic moat but faces headwinds in the Chinese market, while trading at a premium valuation. The company's rich history is overshadowed by its short time as a standalone entity, making it less visible to dividend focused retail investors who look at dividend raise streaks. Significant exposure to foreign markets in its high-margin service business pose currency risks and questions about long-term growth rates. |
seekingalpha.com |
2024-11-27 15:13:24 |
Czytaj oryginał (ang.) |
| Otis Declares Quarterly Dividend of $0.39 per Share |
FARMINGTON, Conn. , Oct. 31, 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. |
prnewswire.com |
2024-10-31 18:30:00 |
Czytaj oryginał (ang.) |
| Otis Worldwide Corporation (OTIS) Q3 2024 Earnings Call Transcript |
Otis Worldwide Corporation (NYSE:OTIS ) Q3 2024 Earnings Call Transcript October 30, 2024 8:30 AM ET Company Participants Michael Rednor - Senior Vice President of Investor Relations Judy Marks - Chair, Chief Executive Officer and President Cristina Mendez - Executive Vice President & Chief Financial Officer Conference Call Participants Nigel Coe - Wolfe Research Jeffrey Sprague - Vertical Research Partners Julian Mitchell - Barclays Joe O'Dea - Wells Fargo Chris Snyder - Morgan Stanley Patrick Bowman - JP Morgan Chase Operator Good morning, and welcome to Otis' Third Quarter 2024 Earnings Conference Call. This call is being carried live on the Internet and recorded for replay. |
seekingalpha.com |
2024-10-30 15:03:05 |
Czytaj oryginał (ang.) |
| Otis Worldwide's Q3 Earnings & Sales Miss Estimates, '24 View Down |
OTIS' third-quarter 2024 results reflect dismal demand trends in China and EMEA, partially offset by higher sales trends in the Americas and Asia Pacific. |
zacks.com |
2024-10-30 15:01:23 |
Czytaj oryginał (ang.) |
| Compared to Estimates, Otis Worldwide (OTIS) Q3 Earnings: A Look at Key Metrics |
The headline numbers for Otis Worldwide (OTIS) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. |
zacks.com |
2024-10-30 12:35:41 |
Czytaj oryginał (ang.) |
| Otis Worldwide (OTIS) Misses Q3 Earnings and Revenue Estimates |
Otis Worldwide (OTIS) came out with quarterly earnings of $0.96 per share, missing the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.95 per share a year ago. |
zacks.com |
2024-10-30 10:21:08 |
Czytaj oryginał (ang.) |
| OTIS REPORTS THIRD QUARTER 2024 RESULTS |
Otis delivers continued strong Service performance with high single digit Service sales growth GAAP EPS up 47.3% and adjusted EPS up 1.1% Service net sales up 7.2% and Service organic sales up 7.7% Maintenance portfolio units increased 4.2% Mod orders up 3%, backlog up 14%, up 12% at constant currency GAAP cash flow from operations of $394 million; adjusted free cash flow of $381 million Share repurchases of $200 million YTD GAAP EPS up 24.2% and YTD adjusted EPS up 8.2%, share repurchases of $800 million Updated full-year outlook1: adjusted EPS of ~$3.85 with ~6.5% Service organic sales growth and ~75 basis points of Service margin expansion FARMINGTON, Conn. , Oct. 30, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported third quarter 2024 net sales of $3.5 billion with organic sales up 1.2%. |
prnewswire.com |
2024-10-30 08:21:00 |
Czytaj oryginał (ang.) |
| Unlocking Q3 Potential of Otis Worldwide (OTIS): Exploring Wall Street Estimates for Key Metrics |
Beyond analysts' top -and-bottom-line estimates for Otis Worldwide (OTIS), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024. |
zacks.com |
2024-10-28 12:21:18 |
Czytaj oryginał (ang.) |
| Otis Gears Up to Report Q3 Earnings: Key Factors to Consider |
OTIS' third-quarter performance is likely to have benefited from strong maintenance portfolio growth and favorable service pricing. |
zacks.com |
2024-10-28 11:46:09 |
Czytaj oryginał (ang.) |
| Otis Worldwide (OTIS) Earnings Expected to Grow: Should You Buy? |
Otis Worldwide (OTIS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2024-10-23 15:07:26 |
Czytaj oryginał (ang.) |
| Otis Worldwide: Shares Are Rising Too High As Earnings Near |
Otis Worldwide operates in over 200 countries, manufacturing, installing, and servicing elevators and escalators, with a strong physical presence in 70 countries. After rising significantly as revenue surged, the stock is looking quite lofty and this could pose a risk for investors moving forward. Recently, revenue and profits have been mixed, with recent declines in new equipment sales, but cost-cutting initiatives like Project UpLift aim to improve margins. |
seekingalpha.com |
2024-10-23 14:01:17 |
Czytaj oryginał (ang.) |
| Otis Shares On The Rise As Market Tailwinds Lift New Equipment Prospects |
Otis Worldwide Corporation's share price increased over 160% since its spin-off. Potential for a further increase due to market tailwinds, including China's $325 billion stimulus and FED's interest rate cuts. Despite a decline in new equipment sales, Otis improved earnings through its service segment, which has higher margins, and more controlled production costs. Weak cash flow and low liquidity ratios are a concern, but I expect improvement as equipment sales recover. |
seekingalpha.com |
2024-10-22 15:56:33 |
Czytaj oryginał (ang.) |
| Otis Third Quarter 2024 Earnings Advisory |
FARMINGTON, Conn. , Oct. 9, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, October 30, 2024, at 8:30 a.m. |
prnewswire.com |
2024-10-09 11:01:00 |
Czytaj oryginał (ang.) |
| Dividend Stocks With Strong Q4 Seasonality |
Entering October is the strongest period of the year for three-month returns, and shorter-term returns are also some of the best. Here we take a look at 30 dividend stocks in the S&P 500 that have been the best Q4 performers over the last ten years. 2024 has been a strong year already for high-yielding stocks, and now they have Q4 seasonality as another tailwind. |
seekingalpha.com |
2024-10-02 17:20:00 |
Czytaj oryginał (ang.) |
| Otis' New Contract to Boost 101 Collins Street in Melbourne |
Otis is set to modernize Melbourne's iconic 101 Collins Street building, enhancing efficiency and sustainability. |
zacks.com |
2024-10-01 17:25:33 |
Czytaj oryginał (ang.) |
| Assessment of Otis Worldwide's Digital Transformation Strategies and Innovation Programs, 2024: Includes Details of Estimated ICT Budgets and Major ICT Contracts |
Dublin, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: Otis Worldwide Corp 2024" company profile has been added to ResearchAndMarkets.com's offering. |
globenewswire.com |
2024-10-01 16:00:00 |
Czytaj oryginał (ang.) |
| 13 S&P 500 Stocks Soar To All-Time Highs (None Are In The Mag 7) |
It's not just the S&P 500 itself hitting an all-time high. A surprising group of big stocks are doing the same. |
investors.com |
2024-09-27 12:00:30 |
Czytaj oryginał (ang.) |