- Industrial - Machinery
- Industrials
-
3.64
EPS
-
25.26
P/E
-
36.8B
MARKET CAP
-
1.53%
DIV YIELD
Company Overview
ONE CARRIER PLACE,FARMINGTON CT 06032,8606743000
CEO
Ms. Judith F. Marks
Employess
71000
Sector
Industrials
Industry
Industrial - Machinery
Website
https://www.otis.com
Otis Worldwide Corporation manufactures, installs, and services elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. It had a network of approximately 34,000 service mechanics operating approximately 1,400 branches and offices. The company was founded in 1853 and is headquartered in Farmington, Connecticut.
Next Earnings Date
Oct. 23, 2024
Ex Dividends date
Sep. 06, 2024
Dividend Date
Aug. 16, 2024
YTD Performance
4.56%
Fiscal Year End
12-31
IPO Date
2020-03-19
Growth Rates
(avg. rate of change) | 10 years | 5 years | 3 years | 1 year |
---|---|---|---|---|
Sales/Revenue | % | 1.93% | 3.66% | 3.83% |
EPS | % | 7.16% | 17.84% | 14.77% |
Equity | % | -32.85% | -8.72% | -1.11% |
Cash | % | -0.84% | -10.58% | 7.15% |
Return On Capital (ROIC) | % | 54.62% | 57.53% | 67.66% |
Debt
year (millions) | 2023 | 2022 | 2021 | 2020 | 2019 |
---|---|---|---|---|---|
Short Term Debt | 149 | 670 | 24 | 701 | 174 |
Long Term Debt | 7,160 | 6,410 | 7,580 | 5,630 | 386 |
LT Finance Leases | 409 | 315 | 336 | 367 | 526 |
Shares Outstanding | 411 | 420 | 428 | 433 | 433 |
Market Cap | 36,800 | 32,900 | 37,200 | 29,300 | 19,600 |
Price
News
Otis Worldwide: Exceptional Business, But We Have To Reinvest Its Cash Flows
1 monthOtis Worldwide Corporation is a pure-play elevator and escalator business, with operations in new equipment and service segments. The company enjoys superb economic characteristics even at its large size of operations. Otis is drowning in cash, but the bulk of these funds are returned to shareholders, creating an opportunity cost on more selective opportunities with compounding ability.
seekingalpha.comOtis Declares Quarterly Dividend of $0.39 per Share
2 monthsFARMINGTON, Conn. , July 25, 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.comOtis: Calling It Again - Return To All-Time High Likely
2 monthsOtis is trading at a discount of c.5.1% today, with potential upside of 10.3% in the next 12-18 months. The dip after its Q2 earnings release is unwarranted. The industry is facing New Equipment headwinds, mid-to-high single digit declines for 2024 and
seekingalpha.comOTIS Q2 Earnings Beat, Net Sales Miss, '24 Outlook Revised
2 monthsOTIS' second-quarter 2024 results showcase a soft New Equipment segment performance, partially offset by increased contributions from the Service segment. Operational efficiency and capital allocation strategy bode well.
zacks.comCompared to Estimates, Otis Worldwide (OTIS) Q2 Earnings: A Look at Key Metrics
2 monthsAlthough the revenue and EPS for Otis Worldwide (OTIS) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
zacks.comOtis Worldwide (OTIS) Q2 Earnings Beat Estimates
2 monthsOtis Worldwide (OTIS) came out with quarterly earnings of $1.06 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $0.92 per share a year ago.
zacks.comOTIS Gears Up to Report Q2 Earnings: Key Factors to Consider
2 monthsOTIS' second-quarter performance is likely to have benefited from strong volume and favorable pricing. Yet, currency fluctuations are a concern.
zacks.comOtis Appoints Cristina Méndez Executive Vice President & Chief Financial Officer
2 monthsShe succeeds Anurag Maheshwari to lead financial activities at Otis FARMINGTON, Conn. , July 19, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) announces the appointment of Cristina Méndez as Executive Vice President & Chief Financial Officer, reporting directly to Otis Chair, CEO & President, Judy Marks.
prnewswire.comOTIS Set to Enhance Sydney Metro - Western Sydney Airport
2 monthsOTIS's new contract strengthens its position in the metro infrastructure sector.
zacks.comOtis Second Quarter 2024 Earnings Advisory
2 monthsFARMINGTON, Conn. , July 10, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, July 24, 2024, at 8:30 a.m.
prnewswire.comOtis Worldwide (OTIS) to Offer Equipment & Servicing in Hanoi
2 monthsOtis Worldwide (OTIS) is selected for the third time by Masterise Homes in Hanoi for providing elevators and servicing, this time for LUMIERE Evergreen.
zacks.com3 Must-Own Stocks from Jeremy Grantham's New ETF
3 monthsThe GMO U.S. Quality ETF (NYSEARCA: QLTY ) seeks quality stocks to buy. At the end of May, Barron's published an article about investing guru Jeremy Grantham's new ETF and how it's beating the markets despite not owning Nvidia (NASDAQ: NVDA ).
investorplace.com