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) reported Q1 2025 financial results with net sales of $3.3 billion, showing mixed performance across segments. Service segment demonstrated strength with 4% organic sales growth and 40 basis points operating profit margin expansion. The company's maintenance portfolio grew 4%, while modernization orders increased 12%.
Key financial metrics include:
- GAAP EPS decreased 29% to $0.61
- Adjusted EPS increased 5% to $0.92
- Service net sales up 1% to $2.2 billion
- New Equipment sales down 9% to $1.2 billion
- GAAP operating profit margin contracted 350 bps to 12.3%
- Adjusted operating profit margin expanded 40 bps to 16.7%
The company revised its 2025 outlook, projecting net sales of $14.6-14.8 billion (up 3-4%) and adjusted EPS of $4.00-4.10 (up 4-7%).
Otis Worldwide (NYSE: OTIS) has announced an 8% increase in its quarterly dividend to $0.42 per share, payable on June 6, 2025, to shareholders of record as of May 16, 2025. This marks the fifth consecutive year of dividend increases for the company.
CEO Judy Marks highlighted that Otis' dividend has grown approximately 110% since its spin-off in 2020, attributing this growth to their Service-driven business model. As the world's leading elevator and escalator company, Otis moves 2.4 billion people daily and maintains approximately 2.4 million customer units worldwide, representing the industry's largest Service portfolio.
Otis Worldwide (NYSE: OTIS), the world's leading elevator and escalator company, has scheduled its first quarter 2025 earnings conference call for Wednesday, April 23, 2025, at 8:30 a.m. ET. The call will feature Chair, CEO & President Judy Marks and Executive Vice President & CFO Cristina Mendez discussing Q1 results and 2025 outlook.
The company currently serves 2.4 billion people daily and maintains approximately 2.4 million customer units worldwide, representing the industry's largest Service portfolio. With a global workforce of 72,000, including 44,000 field professionals, Otis operates in more than 200 countries and territories.
Otis Worldwide (NYSE: OTIS) has announced its latest quarterly dividend declaration. The Board of Directors has approved a dividend of $0.39 per share of common stock, payable on March 7, 2025, to shareholders of record as of February 14, 2025.
Otis, the world's leading elevator and escalator company, serves approximately 2.4 billion people daily and maintains about 2.4 million customer units worldwide, representing the industry's largest service portfolio. The company employs 72,000 people globally, including 44,000 field professionals, operating in more than 200 countries and territories.
Otis Worldwide (NYSE:OTIS) reported strong Q4 and full-year 2024 results, with Q4 net sales increasing 1.5% and organic sales up 1.9%. The growth was primarily driven by Service performance, with Service sales rising 7.6% and organic Service sales up 7.8%.
For full-year 2024, the company achieved net sales of $14.3 billion, representing 0.4% net sales growth and 1.4% organic growth. GAAP EPS increased 20.1% to $4.07, while adjusted EPS rose 8.2% to $3.83. The maintenance portfolio expanded by 4.2% to approximately 2.4 million units, and modernization orders increased by 18% with backlog up 10% (13% at constant currency).
Looking ahead to 2025, Otis projects organic sales growth of 2-4%, adjusted EPS of $4.00-$4.10, and adjusted free cash flow of approximately $1.6 billion.
Otis Worldwide (NYSE: OTIS) has announced a new $2 billion share repurchase program, effective January 16, 2025. The company's Board of Directors has simultaneously cancelled the remaining approximately $100 million authorized under the previous program from December 1, 2022.
The repurchases will be executed at the company's discretion through various means, including open market transactions and private negotiations, subject to market conditions. Otis, as the world's leading elevator and escalator company, serves approximately 2.3 million customer units worldwide and moves 2.3 billion people daily. The company employs 71,000 people globally, including 42,000 field professionals, operating in more than 200 countries and territories.
Otis Worldwide (NYSE: OTIS) has announced its upcoming fourth quarter and full year 2024 earnings conference call, scheduled for Wednesday, January 29, 2025, at 8:30 a.m. ET. The call will feature CEO & President Judy Marks and CFO Cristina Mendez, who will present the company's financial results and outlook for 2025.
As the world's leading elevator and escalator company, Otis serves approximately 2.3 billion people daily and maintains 2.3 million customer units worldwide, representing the industry's largest service portfolio. The company employs 71,000 people globally, including 42,000 field professionals, operating in more than 200 countries and territories.
Otis Worldwide (NYSE:OTIS) has achieved a gold rating from EcoVadis, a global sustainability rating platform, for the third consecutive assessment. This places Otis in the top 5% of over 130,000 evaluated companies.
The EcoVadis assessment evaluates companies across 21 criteria in four key areas: Environment, Labor and Human Rights, Ethics, and Sustainable Procurement. The gold rating validates Otis' commitment to sustainable practices and its alignment with business objectives, particularly important for procurement decisions.
As the world's leading elevator and escalator company, Otis moves 2.3 billion people daily and maintains approximately 2.3 million customer units worldwide. The company has also received recognition as one of America's Greenest Companies, World's Most Trustworthy Companies, World's Best Employers, America's Most Responsible Companies, and World's Most Admired Companies.
Otis Worldwide (NYSE: OTIS) has declared a quarterly dividend of $0.39 per share of common stock. The dividend will be paid on December 6, 2024, to shareholders of record as of November 15, 2024. Otis, as the world's leading elevator and escalator company, serves approximately 2.3 billion people daily and maintains 2.3 million customer units globally. The company employs 71,000 people, including 42,000 field professionals, operating in over 200 countries and territories.
Otis Worldwide (NYSE:OTIS) reported third quarter 2024 net sales of $3.5 billion with organic sales up 1.2%. Service segment showed strong performance with net sales up 7.2% and organic sales up 7.7%. GAAP EPS increased 47.3% to $1.34, while adjusted EPS rose 1.1% to $0.96. The maintenance portfolio units increased 4.2%, and modernization orders grew 3%. The company updated its full-year outlook, projecting adjusted EPS of ~$3.85 with ~6.5% Service organic sales growth. New Equipment segment faced challenges with net sales declining 8.8%, particularly affected by a >20% decline in China.
