OTIS Provides Medium-Term Guidance for Sales & EPS, Shares Up

Otis Worldwide Corporation (OTIS) unveiled its medium-term outlook, long-term growth strategy, operating profit drivers, and capital allocation plans at its 2024 Investor Day hosted on Feb 15.Shares of this leading elevator and escalator manufacturing, installation and service company gained 1.9% on Feb 15, after the news release.Medium-Term OutlookOTIS expects organic sales to be up in low to mid-single digits. Also, it projects organic New Equipment sales within flat to up low-single digits, and organic S ...