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. ET. Otis Chair, CEO & President Judy Marks and Executive Vice President & CFO Cristina Mendez will discuss the company's first quarter results and 2025 outlook. Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2.4 billion people a day and maintain approximately 2.4 million customer units worl ...

Core Viewpoint - The analysis of Otis Worldwide (NYSE: OTIS) indicates a Hold rating due to its premium valuation and weak momentum, despite the strength of its business model [1] Company Analysis - Otis Worldwide has a strong business model that is central to its operations, which is a positive aspect noted in the analysis [1] - The analyst has a beneficial long position in Otis shares, indicating confidence in the company's potential [1] Investment Strategy - The focus is on identifying long-only opportunities that provide safe and growing dividends, aiming to outperform the broader market on a risk-adjusted return basis [1] - The analyst's background includes extensive experience in real estate investment, having sourced over $100 million in commercial real estate investments [1]

Core Insights - Otis Worldwide Corporation (OTIS) is experiencing positive international demand trends and is gaining market share through innovation and efficient service offerings [1][6] - The company has secured a project in Taiwan to supply 50 escalators and 15 Gen2 elevators for the Kaohsiung MRT Red Line RLC01, which will enhance the city's transportation network [2][3] Innovation as a Growth Driver - Otis Worldwide is focusing on organic growth through innovation, investing $152 million in research and development (R&D) in 2024, with $53 million allocated to digital and strategic initiatives [4][5] - The company operates 11 R&D centers and 17 factories globally, with advancements in its Gen3 and Gen360 digital elevators that emphasize energy efficiency and connectivity through the Otis ONE IoT platform [5] Market Performance - Otis shares have increased by 12.4% year to date, outperforming the Zacks Building Products - Miscellaneous industry's decline of 6.9% [6] - The company aims to continue expanding its digital ecosystem and solutions for both existing customers and new equipment shipments [6]

A month has gone by since the last earnings report for Otis Worldwide (OTIS) . Shares have added about 2.9% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Otis Worldwide due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Otis Worldwide Earnings Miss Estimates in Q4, N ...

Core Insights - Otis Worldwide's international operations are crucial for understanding its financial strength and growth potential [1][2] - The company's total revenue for the quarter was $3.68 billion, reflecting a year-over-year increase of 1.5% [4] International Revenue Breakdown - China contributed $483 million, accounting for 13.14% of total revenue, which was below the consensus estimate of $526.59 million, marking a surprise of -8.28% [5] - Other International regions generated $2.14 billion, representing 58.23% of total revenue, exceeding expectations by +4.17% compared to the forecast of $2.05 billion [6] Future Revenue Projections - Analysts project Otis Worldwide will achieve revenues of $3.44 billion for the ongoing fiscal quarter, a slight increase of 0.1% from the previous year, with contributions from China and Other International expected to be $483.71 million and $1.98 billion, respectively [7] - For the full year, total revenue is projected at $14.3 billion, indicating a rise of 0.3% from last year, with China expected to contribute $2.06 billion (14.4%) and Other International $8.31 billion (58.1%) [8] Market Dependency and Earnings Forecasts - The company's reliance on global markets for revenue presents both opportunities and risks, making the monitoring of international revenue trends essential for predicting future performance [9] - Wall Street analysts closely observe these patterns, especially in light of global interdependence and geopolitical issues, which can influence earnings forecasts [10]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 ____________________________________ FORM 10-K ____________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______. Commission file number 001-39221 ____________________________________ OTIS WORLDWIDE ...

Core Insights - Otis Worldwide Corporation reported mixed results for Q4 2024, with adjusted earnings missing estimates while net sales exceeded expectations, marking the second consecutive earnings miss after 18 prior quarters of beating estimates [1][3][4] - Year-over-year growth was observed in both top and bottom lines, driven by the Service segment, although the New Equipment segment faced challenges due to declining sales in China [2][4] Financial Performance - Adjusted earnings were reported at 93 cents per share, missing the Zacks Consensus Estimate of 95 cents by 2.1%, but increased 6.9% from the previous year's EPS of 87 cents [4] - Net sales reached $3.68 billion, slightly above the consensus mark of $3.65 billion, reflecting a 1.5% year-over-year growth, with organic sales increasing by 1.9% [4] - Adjusted operating margin expanded by 30 basis points year-over-year to 15.9%, driven by favorable performance in the Service segment [5] Segment Analysis - New Equipment segment net sales were $1.36 billion, down 7.4% year-over-year, with organic sales declining 6.8% and impacted by foreign exchange headwinds [6] - Service segment net sales increased by 7.6% year-over-year to $2.32 billion, supported by a 7.8% rise in organic sales [9] - The operating margin for the New Equipment segment contracted by 140 basis points to 4.7%, while the Service segment's operating margin expanded by 50 basis points to 24.5% [8][10] Annual Highlights - For the full year 2024, Otis reported revenues of $14.26 billion, a 0.4% increase from $14.21 billion in 2023, with adjusted EPS rising to $3.83 from $3.54 [11] - Adjusted operating margin for the year expanded by 50 basis points to 16.5% [11] Financial Position - As of December 31, 2024, Otis had cash and cash equivalents of $2.3 billion, up from $1.27 billion at the end of 2023, while long-term debt increased to $6.97 billion [12] - Net cash flows from operating activities were $1.56 billion, down from $1.63 billion a year ago, with adjusted free cash flow totaling $1.57 billion, up from $1.53 billion [12] 2025 Outlook - Otis expects net sales for 2025 to be between $14.1 billion and $14.4 billion, with organic sales growth projected between 2% and 4% [13] - Adjusted EPS is anticipated to be between $4.00 and $4.10, indicating a year-over-year growth of 4-7% [14]

Group 1 - Otis Worldwide reported revenue of $3.68 billion for the quarter ended December 2024, reflecting a 1.5% increase year-over-year [1] - The company's EPS for the quarter was $0.93, up from $0.87 in the same period last year [1] - Revenue exceeded the Zacks Consensus Estimate of $3.65 billion, resulting in a surprise of +0.72% [1] Group 2 - Net Sales from Service reached $2.32 billion, surpassing the estimated $2.30 billion, marking a year-over-year increase of +7.6% [4] - Net Sales from New Equipment totaled $1.36 billion, slightly above the estimate of $1.35 billion, but showed a year-over-year decline of -7.4% [4] - Adjusted Operating Profit for New Equipment was reported at $65 million, below the average estimate of $70.69 million [4] Group 3 - The stock of Otis Worldwide has returned +3.5% over the past month, outperforming the Zacks S&P 500 composite's +1.7% change [3] - The company currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Q4 2024 Earnings Call January 29, 2025 © 2025 OTIS WORLDWIDE CORPORATION. Forward-Looking Statements Note: All results and expectations in this presentation reflect continuing operations unless otherwise noted. This communication contains statements which, to the extent they are not statements of historical or present fact, constitute "forward-looking statements" under the securities laws. From time to time, oral or written forward-looking statements may also be included in other information released to the ...

分组1 - Otis Worldwide reported quarterly earnings of $0.93 per share, missing the Zacks Consensus Estimate of $0.95 per share, but showing an increase from $0.87 per share a year ago, resulting in an earnings surprise of -2.11% [1] - The company posted revenues of $3.68 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.72%, compared to year-ago revenues of $3.62 billion [2] - Over the last four quarters, Otis Worldwide has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] 分组2 - The stock has added about 3.5% since the beginning of the year, outperforming the S&P 500's gain of 3.2% [3] - The current consensus EPS estimate for the coming quarter is $0.96 on $3.43 billion in revenues, and for the current fiscal year, it is $4.10 on $14.36 billion in revenues [7] - The Zacks Industry Rank for Building Products - Miscellaneous is currently in the bottom 31% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [8]