Welcome to our dedicated page for Otis Worldwde news (Ticker: OTIS), a resource for investors and traders seeking the latest updates and insights on Otis Worldwde stock.
Otis Worldwide Corporation (OTIS), the global leader in vertical transportation systems, provides essential hub for investors and industry professionals tracking its developments. This page aggregates official press releases, financial results, and strategic announcements directly from the company and verified sources.
Access curated updates spanning earnings reports, product innovations, sustainability initiatives, and partnership announcements. Our repository ensures efficient tracking of Otis' maintenance portfolio growth, modernization projects, and technological advancements in elevator/escalator systems.
Key content categories include quarterly financial disclosures, safety certification updates, global contract awards, and leadership changes. All materials maintain factual accuracy while highlighting Otis' role in shaping urban mobility through its 160+ years of engineering expertise.
Bookmark this page for streamlined access to OTIS developments impacting the vertical transportation sector. Combine historical context with real-time updates to inform your analysis of this NYSE-listed industry pioneer.
Otis (NYSE: OTIS), the global leader in elevator and escalator manufacturing, has launched its sixth annual Made to Move Communities™ STEM education program. This year's challenge focuses on developing mobility solutions for natural disaster response, engaging over 200 students from 25 schools across 18 countries who will work with 150 Otis mentors.
The program has demonstrated significant impact since 2020, providing more than $1.25 million in grants to schools globally and reaching over 1,000 students. Participating schools can receive grants ranging from $7,500 to $35,000 based on team performance. The initiative has already shown success in workforce development, as exemplified by former participant Agustín, who is now employed as an Otis mechanic in Uruguay.
Otis (NYSE: OTIS), the global leader in elevator manufacturing and services, has secured a significant contract with Mountain View Real Estate Development in Egypt to provide 265 Otis Gen2® Prime elevator systems across three major residential projects.
The installations will be implemented in Mountain View's developments including the Mountain View 1.1 Project extension in New Cairo, Mountain View iCity in New Cairo, and iCity in 6th of October City. The elevators will feature 4-7 stops and include high-quality stainless steel finishes for automatic doors and cabins.
This collaboration aligns with Mountain View's vision of developing innovative urban communities while leveraging Otis's advanced technology to enhance residential living standards in Egypt's real estate sector.
Otis Worldwide Corporation (NYSE: OTIS), the world's leading elevator and escalator company, announced that Chair, CEO & President Judy Marks will participate in a fireside chat at Morgan Stanley's 13th annual Laguna conference. The presentation is scheduled for September 12, 2025, at 10:00 a.m. PT (1:00 p.m. ET) and will be accessible via live broadcast on www.otis.com.
Otis currently moves 2.4 billion people daily and maintains approximately 2.4 million customer units worldwide, representing the industry's largest Service portfolio. The company employs 72,000 people, including 44,000 field professionals, serving customers in more than 200 countries and territories.
Otis (NYSE: OTIS), the global leader in elevator and escalator solutions, has secured a significant contract with Singapore's Land Transport Authority (LTA) for the new Cross Island Line project. The company will provide 336 heavy-duty escalators and moving walkways, along with 186 Gen3™ elevators for Singapore's longest fully underground MRT line.
The Cross Island Line will connect major hubs including the Jurong Lake District, Punggol Digital District, and Changi regions. The project will utilize Otis' advanced technology, including the Gen3 connected elevator platform integrated with the Otis ONE™ IoT digital platform for real-time monitoring and predictive maintenance. Otis currently moves 2.4 billion people daily and maintains approximately 2.4 million customer units worldwide.
Otis (NYSE: OTIS), the global leader in elevator manufacturing and services, has secured a contract to provide 76 advanced elevators for Sobha Realty's Riverside Crescent project in Dubai. The installation includes 50 Otis Skyrise®, 12 Otis Arise™, and 14 Gen2® elevators.
The first phase encompasses 6 high-rise residential towers reaching 71 stories and 249 meters in height. The elevators will feature speeds up to 6 meters per second and will be equipped with EMS Panorama™ 2.0 for enhanced facility management. This project strengthens Otis's 50-year presence in the UAE and showcases their commitment to innovation in luxury residential developments.
Otis Worldwide Corporation (NYSE: OTIS), the world's leading elevator and escalator company, has declared a quarterly dividend of $0.42 per share of common stock. The dividend will be payable on September 5, 2025, to shareholders of record as of August 15, 2025.
Otis serves a global market, moving 2.4 billion people daily and maintaining approximately 2.4 million customer units worldwide. The company employs 72,000 people, including 44,000 field professionals, operating in more than 200 countries and territories.
Otis (NYSE:OTIS) reported Q2 2025 results with mixed performance across segments. The company's Service segment showed strength with 6% net sales growth and 4% organic growth, while maintaining a 20 bps operating profit margin expansion to 24.9%. Total net sales remained flat at $3.6 billion, with GAAP EPS declining 3% to $0.99 and adjusted EPS down 1% to $1.05.
The New Equipment segment faced challenges, particularly in China, with net sales declining 10% to $1.3 billion and operating profit margin contracting 240 bps to 5.3%. However, modernization orders grew significantly by 22% at constant currency. The company reconfirmed its 2025 EPS outlook, projecting adjusted EPS of $4.00 to $4.10, representing 4-7% growth.
Otis Worldwide Corporation (NYSE:OTIS), the world's leading elevator and escalator company, has scheduled its second quarter 2025 earnings conference call for July 23, 2025, at 8:30 a.m. ET. CEO Judy Marks and CFO Cristina Mendez will present the results and discuss the company's 2025 outlook.
The company, which serves over 2.4 billion people daily and maintains approximately 2.4 million customer units worldwide, employs 72,000 people, including 44,000 field professionals. Otis operates in more than 200 countries and territories, maintaining the industry's largest service portfolio.
Otis (NYSE: OTIS), the global leader in elevator manufacturing, has secured a major contract with Egyptian real estate developer Tatweer Misr to supply and install 1,250 elevators across six projects over six years. The collaboration represents one of the largest elevator orders ever received in Otis's regional operations.
The agreement will integrate Otis's Gen2® elevator systems, known for energy efficiency and superior ride quality, into Tatweer Misr's developments including IL Monte Galala, Fouka Bay, D-Bay, Salt, Bloomfields, and Rivers. These projects span across Egypt's strategic locations from the Red Sea to the North Coast and Cairo, focusing on sustainable and smart urban communities.
Otis (NYSE: OTIS) has unveiled its first double-deck, panoramic glass elevator at Seattle's Space Needle, marking a significant milestone in their modernization project. The new elevator, featuring floor-to-ceiling glass windows, can transport up to 46 passengers and reaches the top in under 50 seconds. This installation is part of a larger project to modernize all three elevators at the iconic landmark.
The project showcases Otis's advanced technology, including SkyRise™ sightseeing elevators and North America's first SkyMotion™ 800 machines. The custom-built cabs, designed by an aerospace manufacturer, reflect Seattle's innovative spirit. This modernization is part of the Space Needle's Century Project renovation, which began in 2017, continuing Otis's long-standing relationship with the Space Needle since installing the original elevators in 1962.
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