• Industrial - Machinery
  • Industrials
Otis Worldwide Corporation logo
Otis Worldwide Corporation
OTIS · US · NYSE
91.9899
USD
-0.6401
(0.70%)
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
Business Segments (Beta)
Geographical Segments (Beta)
News
Otis Worldwide: Exceptional Business, But We Have To Reinvest Its Cash Flows
1 month

Otis 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.com
Otis Declares Quarterly Dividend of $0.39 per Share
2 months

FARMINGTON, 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.com
Otis: Calling It Again - Return To All-Time High Likely
2 months

Otis 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.com
OTIS Q2 Earnings Beat, Net Sales Miss, '24 Outlook Revised
2 months

OTIS' 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.com
Compared to Estimates, Otis Worldwide (OTIS) Q2 Earnings: A Look at Key Metrics
2 months

Although 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.com
Otis Worldwide (OTIS) Q2 Earnings Beat Estimates
2 months

Otis 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.com
OTIS Gears Up to Report Q2 Earnings: Key Factors to Consider
2 months

OTIS' second-quarter performance is likely to have benefited from strong volume and favorable pricing. Yet, currency fluctuations are a concern.

zacks.com
Otis Appoints Cristina Méndez Executive Vice President & Chief Financial Officer
2 months

She 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.com
OTIS Set to Enhance Sydney Metro - Western Sydney Airport
2 months

OTIS's new contract strengthens its position in the metro infrastructure sector.

zacks.com
Otis Second Quarter 2024 Earnings Advisory
2 months

FARMINGTON, 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.com
Otis Worldwide (OTIS) to Offer Equipment & Servicing in Hanoi
2 months

Otis Worldwide (OTIS) is selected for the third time by Masterise Homes in Hanoi for providing elevators and servicing, this time for LUMIERE Evergreen.

zacks.com
3 Must-Own Stocks from Jeremy Grantham's New ETF
3 months

The 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