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"Our 2023 ESG report highlights critical programs and recent successes that are central to the continued growth and integrity of our business," said Otis Chair, CEO and President Judy Marks. "Our ESG pillars are embedded in our long-term strategy and purposefully connected to our Absolutes of Safety, Ethics and Quality, the core principles that guide us in doing the right thing as we conduct business around the world every day. By transparently reporting on our progress, we hold ourselves accountable, and w ...

However, the aforementioned tailwinds are partially offset by headwinds in the form of high costs and expenses, along with the high concentration of the company's business in the international market. Shares of this leading elevator and escalator manufacturing, installation and service company have gained 10.7% in the past year compared with the Zacks Building Products - Miscellaneous industry's 35.7% growth. What Makes the Stock Appealing Solid Modernization Backlog: In the first quarter of 2024, moderniza ...

A month has gone by since the last earnings report for Otis Worldwide (OTIS) . Shares have added about 4.4% 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 catalysts. OTIS Q1 Earnings Beat, Organic Sales Up, '24 ...

Schools earn grants as part of Made to Move Communities™ Global Student Challenge, sponsored by OtisFARMINGTON, Conn., May 7, 2024 /PRNewswire/ -- Four student teams from around the world are regional winners in Otis' Made to Move Communities student challenge. In the fourth annual competition, students developed innovative mobility solutions aimed at expanding access to green space in urban communities to advance residents' wellbeing. Otis (NYSE: OTIS) is the world's leading elevator and escalator manufact ...

Did you analyze how Otis Worldwide (OTIS) fared in its international operations for the quarter ending March 2024? Given the widespread global presence of this company, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. Investors must understand ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________________________ FORM 10-Q ____________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 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 ...

Otis Worldwide Corporation (NYSE:OTIS) Q1 2024 Earnings Conference Call April 24, 2024 8:30 AM ET Michael Rednor - Senior Director, IR Judy Marks - Chair, CEO and President Anurag Maheshwari - EVP and CFO Rob Wertheimer - Melius Research Julian Mitchell - Barclays Nigel Coe - Wolfe Research Steve Tusa - JPMorgan Joseph O'Dea - Wells Fargo Nick Housden - RBC Capital Markets Miguel Borrega - Exane BNP Paribas Gautam Khanna - TD Cowen Good morning and welcome to Otis' First Quarter 2024 Earnings Conference Cal ...

Otis Worldwide (OTIS) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.80 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.15%. A quarter ago, it was expected that this company would post earnings of $0.85 per share when it actually produced earnings of $0.87, delivering a surprise of 2.35%.Over the last four quarters, the company has ...

Exhibit 99 OTIS REPORTS FIRST QUARTER 2024 RESULTS Otis continues to deliver mid-single digit organic Service growth and strong margin expansion • 1Q Net sales up 2.7% and organic sales up 3.8% driven by Service net sales up 5.8% with organic sales up 6.5% • 1Q GAAP EPS up 8.9% and adjusted EPS up 10.0% with GAAP operating profit margin expansion of 50 basis points and adjusted operating profit margin expansion of 80 basis points • 1Q New Equipment orders down 10%, backlog down 2%, ~flat at constant currenc ...