Farmington, Connecticut-based Otis Worldwide Corporation (OTIS) manufactures, installs, and services elevators and escalators. Valued at a market cap of $34.4 billion, the company is scheduled to announce its fiscal Q4 earnings for 2025 before the market opens on Wednesday, Jan. 28. Ahead of this event, analysts expect this industrial company to report a profit of $1.02 per share, up 9.7% from $0.93 per share in the year-ago quarter. The company has surpassed Wall Street’s bottom-line estimates in three o ...

FARMINGTON, Conn., Jan. 7, 2026 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, January 28, 2026, at 8:30 a.m. ET. Otis Chair, CEO & President Judy Marks and Executive Vice President & CFO Cristina Mendez will discuss the company's fourth quarter and full year results and 2026 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 av ...

Customized elevator and escalator solutions designed to deliver safe and reliable access to this one-of-a-kind driverless transit system MONTREAL, Dec. 22, 2025 /PRNewswire/ -- Otis (NYSE: OTIS), the world's leading elevator and escalator manufacturing, installation and service company, has completed a landmark installation at the Réseau Express Métropolitain (REM) light metro transit in Montréal. This transformative project was designed to connect communities across Greater Montréal and offer safe, reliabl ...

CYPRESS, Calif.--(BUSINESS WIRE)--The Elevator and Escalator Division of Mitsubishi Electric US, Inc., (Mitsubishi Electric), headquartered in Cypress, California, launches AT-MOD modernization package, an advanced modernization solution designed to enhance building vertical transportation systems while preserving major existing components that may otherwise be prohibitively costly to replace. The AT-MOD package allows building owners to improve the reliability, efficiency and performance of th. ...

Core Insights - Otis Worldwide Corporation's project at Incheon International Airport has been awarded the Project of the Year by Elevator World magazine, highlighting its expertise in serving major infrastructure projects [1] - The Incheon project was recognized in the Moving Walks category, contributing to the airport's capacity to handle 106 million passengers annually [1] Company Achievements - Otis installed a total of 172 elevators, escalators, and moving walks in the newly extended Terminal 2 of Incheon International Airport, including 20 elevators, 80 escalators, and 72 moving walks [1] - The project features Asia's longest continuous moving walks, with lengths of 125 meters and 136 meters, showcasing Otis's innovative dual-motor solution [1] Project Management - The successful installation required meticulous planning and effective communication with various stakeholders to meet complex construction schedules [1] - Otis conducted six rounds of quality testing after the installation to ensure safety and performance standards were met [1] Historical Context - Since the airport's opening in 2001, Otis has installed a total of 650 elevators, escalators, and moving walks, enhancing accessibility for millions of visitors [1]

Core Insights - The Gen3 Core elevator from Otis Worldwide Corporation is designed to cater to the needs of low-rise buildings, particularly those with 8 stories or less, which constitute 80% of U.S. buildings [1][4] - The elevator features enhanced aesthetics, increased load capacities, larger door openings, and bigger cabs, making it suitable for transporting both passengers and heavier items [2][3] Product Features - The Gen3 Core elevator now supports load capacities up to 5,000 pounds, door openings up to 8 feet, and cab dimensions of 9 feet 9 inches tall by 10 feet 1 inch deep [6] - It is manufactured at Otis' North American Manufacturing Center of Excellence in Florence, South Carolina, ensuring short lead times and efficient installation [6] Technology Integration - Equipped with the Otis ONE IoT digital platform, the Gen3 Core elevator allows for real-time monitoring, improving uptime and service quality [7] - The elevator can integrate with autonomous service robots via the Otis Integrated Dispatch API, enhancing operational efficiency [8] Sustainability - The Gen3 Core elevator is certified with an Environmental Product Declaration and features a gearless permanent magnet machine and ReGen drive, reducing energy consumption by up to 75% compared to conventional systems [9][10] Aesthetic Enhancements - The elevator includes a new aesthetics package with updated hall buttons, signal fixtures, and a refreshed interior car operating panel, allowing for customizable design options through the Otis Create online tool [11]

Core Viewpoint - Otis Worldwide Corporation is a leading player in the elevator and escalator industry, with a market capitalization of $35.2 billion, and is focusing on innovation and digitalization to maintain its market leadership [1]. Financial Performance - In Q3, Otis reported net sales of $3.7 billion, a 4% year-over-year increase, exceeding consensus estimates by 1.1% [4]. - The adjusted EPS for the quarter grew 9.4% year-over-year to $1.05, surpassing analyst expectations by 5% [4]. - For the current fiscal year, analysts project a 5.5% year-over-year growth in EPS to $4.04 [5]. Stock Performance - Over the past 52 weeks, Otis shares have declined by 8%, underperforming the S&P 500 Index, which increased by 14.1% [2]. - Year-to-date, the stock is down slightly, while the S&P 500 has returned 16.4% [2]. - Compared to the Industrial Select Sector SPDR Fund, which rose by 9.3% over the past 52 weeks and 17.7% year-to-date, Otis has also lagged [3]. Analyst Ratings - The consensus rating among 13 analysts covering Otis is a "Moderate Buy," with ratings including four "Strong Buy," one "Moderate Buy," seven "Hold," and one "Strong Sell" [5]. - A recent analysis from Wells Fargo maintained a "Hold" rating with a price target of $95, indicating a potential upside of 3.7% from current levels [6].

Core Insights - Otis Worldwide (OTIS) reported Q3 earnings that exceeded both revenue and earnings estimates, indicating strong performance despite challenges [1] - The company faced notable headwinds in China, particularly in its New Equipment segment, which experienced a decline [1] Financial Performance - The Q3 earnings report showed a beat on both top and bottom lines, suggesting effective management and operational efficiency [1] - Specific financial figures were not disclosed in the provided text, but the overall performance indicates resilience in a challenging market environment [1] Market Challenges - The decline in the New Equipment segment highlights ongoing difficulties in the Chinese market, which may impact future growth prospects [1]

Core Insights - Otis Worldwide (OTIS) reported Q3 earnings that exceeded both revenue and earnings estimates, indicating strong performance despite challenges [1] - The company faced notable headwinds in China, particularly in its New Equipment segment, which experienced a decline [1] Financial Performance - Q3 earnings showed a positive surprise on both top and bottom lines, reflecting effective management and operational efficiency [1] - The decline in the New Equipment segment suggests potential vulnerabilities in specific markets, particularly in Asia [1]

Core Insights - Otis Worldwide Corporation reported third quarter 2025 net sales of $3.7 billion, representing a 4% increase year-over-year, primarily driven by strong Service sales growth [3][8] - The company experienced a 29% decrease in GAAP earnings per share (EPS) to $0.95, while adjusted EPS increased by 9% to $1.05, reflecting operational performance improvements [5][29] - Otis is increasing the midpoint of its 2025 EPS outlook due to strong performance in its Service segment and a robust order book for modernization [2][13] Financial Performance - Net sales for the third quarter were $3.7 billion, with organic sales growth of 2% compared to the previous year [3][8] - Service segment net sales reached $2.4 billion, up 9% year-over-year, with organic sales growth of 6% [6][7] - New Equipment segment net sales decreased by 4% to $1.3 billion, impacted by a significant decline in China [9][10] Segment Analysis - The Service segment's operating profit margin expanded by 70 basis points to 25.5%, driven by higher volume and favorable pricing [7][8] - The New Equipment segment's operating profit margin contracted by 170 basis points to 4.7%, affected by lower volume and unfavorable pricing [10][11] - Modernization orders grew by 27% at constant currency, indicating strong demand in this area [2][8] Cash Flow and Shareholder Returns - Operating cash flow for the quarter was $779 million, with adjusted free cash flow of $766 million [12][8] - The company executed share repurchases totaling approximately $800 million [8] Outlook - Otis anticipates run-rate savings of $200 million from its UpLift program and $40 million from the China transformation program by year-end 2025 [13][19] - The company projects net sales for 2025 to be between $14.5 billion and $14.6 billion, with adjusted EPS expected to be in the range of $4.04 to $4.08 [19][29]