"Cristina has deep expertise in financial management and extensive experience leading transformation within and outside Otis. She understands our long-term strategy and service-driven business model and how to drive growth and shareholder value," said Marks. "As a strategic business partner, she has successfully led our finance teams through change with solid results in our diverse Europe Middle East and Africa (EMEA) region, which is responsible for more than half of our global Service portfolio." "We are ...

Otis Worldwide Corp. (OTIS) , a global leader in elevator and escalator manufacturing, installation, and service, has been awarded a significant contract for the Sydney Metro – Western Sydney Airport project. The company will install 40 520NPE public escalators and 21 Gen3 and Gen2 elevators for the driverless metro railway line. The Sydney Metro – Western Sydney Airport project is an ambitious 23-kilometre driverless metro line featuring six new stations. Once completed, it will serve as a crucial transpor ...

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. ET. Otis Chair, CEO & President Judy Marks and Executive Vice President & CFO Anurag Maheshwari will discuss the company's second quarter results and 2024 outlook. We encourage you to join through our webcast link. A corresponding presentation and news release will be available on www.otis.com prior to the call and a recording will be available on the ...

This project of Otis Worldwide with Masterise Homes in Hanoi stands at number three, preceded by two other residential developments including the Ocean Park and Smart City high-end residential projects. In 2023-end, it had 11 R&D centers and 17 factories across the world, primarily in China, India, Japan, France, Germany, Spain, and the United States. These centers are strategically placed to enable the efficient development of engineering solutions. Also, it has approximately 1,200 engineers globally, with ...

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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 ...