Otis Worldwide Corporation  (OTIS)
Other Ticker:  
Price: $97.0800 $0.29 0.300%
Day's High: $97.19 Week Perf: 0.01 %
Day's Low: $ 96.40 30 Day Perf: 2.07 %
Volume (M): 1,288 52 Wk High: $ 100.35
Volume (M$): $ 125,086 52 Wk Avg: $87.96
Open: $96.90 52 Wk Low: $73.32

 Market Capitalization (Millions $) 39,618
 Shares Outstanding (Millions) 408
 Employees 70,000
 Revenues (TTM) (Millions $) 14,300
 Net Income (TTM) (Millions $) 1,520
 Cash Flow (TTM) (Millions $) -234
 Capital Exp. (TTM) (Millions $) 144

Otis Worldwide Corporation
Otis Worldwide Corporation is a leading global manufacturer of elevators, escalators, and moving walkways. The company was founded by Elisha Otis in 1853 and has since become a household name in the industry, with its products used in buildings worldwide.

The company designs, manufactures, installs, and provides maintenance services for its products, serving customers in more than 200 countries around the world. Otis offers a wide variety of elevator and escalator solutions, from low-rise commercial and residential buildings to high-rise and mega tall structures.

Otis has a long history of innovation, with numerous patents to its name for elevators and related technologies. The company has also been at the forefront of sustainability efforts, developing energy-efficient elevators and escalators that reduce energy consumption and carbon emissions.

In addition to its products and services, Otis has a strong commitment to safety. The company provides comprehensive safety training for its employees and offers safety solutions for its customers, such as emergency communication systems and protective barriers.

Otis Worldwide Corporation has a diverse workforce of more than 69,000 employees, operating out of more than 1,500 locations worldwide. The company is headquartered in Farmington, Connecticut, and is a subsidiary of United Technologies Corporation (UTC), which is expected to merge with Raytheon Technologies in April 2020 to form a new company named Raytheon Technologies. The Otis brand, however, will remain intact.

   Company Address: One Carrier Place Farmington 6032 CT
   Company Phone Number: 674-3000   Stock Exchange / Ticker: NYSE OTIS


Stock Performances by Major Competitors

5 Days Decrease / Increase
• View Complete Report

Otis Worldwide Corporation

OTIS Worldwide Corporation Shows Resilience in the Face of Challenges, Reports Positive Financial Results for Q1 2024

OTIS Worldwide Corporation, a global leader in the manufacturing and maintenance of elevators, escalators, and moving walkways, recently announced its financial results for the three months ending March 31, 2024. Despite facing some challenges, the company reported moderate revenue improvement, an increase in income per share, and a rise in net earnings compared to the previous year.
During this period, OTIS recorded revenue of $3.44 billion, representing a 2.72% increase from the same period last year. This growth is a positive indicator of the company's ability to generate revenue and maintain a steady income stream. Additionally, income per share rose by 8.86% to $0.86, reflecting the company's profitability and shareholder value.

Otis Worldwide Corporation

Otis Worldwide Corporation's Earnings Soar: A Remarkable 10.91% Jump in Fourth Quarter Profits

The stock market was abuzz with excitement as Otis Worldwide Corporation released its impressive financial results for the October to December 31, 2023 time-frame. Despite the challenges faced by many businesses in the Electric & Wiring Equipment sectors, Otis Worldwide Corporation managed to shine brightly with its remarkable performance.
One of the key highlights of the report was the substantial growth in revenue, which increased by 5.263% to $3.62 billion compared to $3.44 billion on a year-over-year basis. This growth is a testament to the company's strong market position and ability to capture new opportunities.

Otis Worldwide Corporation

Otis Worldwide Corporation's Impressive Double Digit Earnings per Share Surge by 18.18% in a Resilient Market

Over the past week, Otis Worldwide Corporation shares have experienced a decline of -2.29%. This decrease contributes to a year-to-date performance of -1.2%. Despite this recent dip, Otis Worldwide Corporation shares are still trading 17.1% higher than their 52-week low, indicating some resiliency in the market.
One factor that may be influencing the performance of Otis Worldwide Corporation is its financial results for the July to September 2023 period. During this time, the company saw a 5.353% increase in revenue, amounting to $3.52 billion compared to $3.34 billion in the previous year. Additionally, income surged by 18.18% to $0.91 per share, up from $0.77 in the prior year.

Otis Worldwide Corporation

Otis Worldwide Corporation Reports Respectable Revenue Increase Amidst Challenging Fiscal Period Ending June 2023

Otis Worldwide Corporation, a renowned Electric & Wiring Equipment company, recently released its financial results for the April to June 30, 2023 period. The results reveal significant growth in revenue, income, and net profits, causing a stir in the industry. This article strives to interpret these results and discuss their potential impact on the company's future prospects.
1. Revenue Surge:
In the financial reporting period of April to June 30, 2023, Otis Worldwide Corporation experienced a remarkable 6.651% increase in revenue, reaching a staggering $3.72 billion. This growth outshone the rest of the Electric & Wiring Equipment industry, which experienced a 10.05% reduction in revenue. Moreover, the company's revenue surged by 11.178% compared to the preceding period. This signifies Otis Worldwide Corporation's ability to generate higher sales, establishing it as a formidable player in the market.


Otis Worldwide's Segments
• View Complete Report
  Company Estimates  
  Revenue Outlook
Otis Worldwide does not provide revenue guidance.

Earnings Outlook
Otis Worldwide Corporation does not provide earnings estimates.

Geographic Revenue Dispersion


About us


CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com