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 | | | Name of each exchange | | --- | --- | --- | | Title of each class | ...

Otis Worldwide Corporation (NYSE:OTIS) Q1 2024 Earnings Conference Call April 24, 2024 8:30 AM ET Company Participants Michael Rednor - Senior Director, IR Judy Marks - Chair, CEO and President Anurag Maheshwari - EVP and CFO Conference Call Participants 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 Operator Good morning and ...

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 New Equipment | | | | | Quarter Ended March 31, | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | ($ millions) | 2024 | | 2023 | | Y/Y | | Y/Y (CFX) | | | Net sales | $ | 1,280 | $ | 1,307 | | (2.1)% | | (0.5)% | | Organic sales | | | | | | | | (0.5)% | | Segment operating profit | $ | 71 | $ | 69 | $ | 2 $ | | 6 | | Segment operating profit margi ...

FARMINGTON, Conn., April 23, 2024 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.39 per share of Otis' common stock, representing a 14.7% increase. The dividend will be payable on June 7, 2024, to shareholders of record at the close of business on May 17, 2024. "We are pleased to announce this dividend increase, demonstrating our confidence in future cash flow generation driven by our Service-driven, customer centric business model," ...

Otis Worldwide Corporation (OTIS) is scheduled to report first-quarter 2024 results on Apr 24, before the opening bell.In the last reported quarter, OTIS’ earnings beat the Zacks Consensus Estimate by 2.4% and rose 16% year over year. Net sales beat the consensus mark by 1.3% and gained 5.3% year over year.Otis’ earnings topped the consensus mark in each of the last 16 quarters.Trend in Estimate RevisionFor the quarter to be reported, the Zacks Consensus Estimate for earnings per share has been stable at 87 ...

FARMINGTON, Conn., April 22, 2024 /PRNewswire/ -- Otis (NYSE: OTIS), the world's leading elevator and escalator manufacturing, installation and service company, announced that the Science Based Targets initiative (SBTi) has approved its near-term science-based greenhouse gas (GHG) emissions reduction targets. Otis' SBTi-approved targets are: Reduce absolute scope 1 and 2 GHG emissions 55% by 2033 from a 2021 base year.1 Reduce absolute scope 3 GHG emissions from purchased goods and services, business trave ...