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Otis Worldwide Corporation  (NYSE: OTIS)
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Price: $92.9300 $0.19 0.205%
Day's High: $93.7 Week Perf: -4.86 %
Day's Low: $ 91.74 30 Day Perf: -8.35 %
Volume (M): 4,901 52 Wk High: $ 106.83
Volume (M$): $ 455,456 52 Wk Avg: $97.43
Open: $93.31 52 Wk Low: $89.70



 Market Capitalization (Millions $) 37,088
 Shares Outstanding (Millions) 399
 Employees 71,000
 Revenues (TTM) (Millions $) 14,174
 Net Income (TTM) (Millions $) 1,616
 Cash Flow (TTM) (Millions $) 1,042
 Capital Exp. (TTM) (Millions $) 129

Otis Worldwide Corporation
Otis Worldwide Corporation is a leading global manufacturer specializing in elevators, escalators, and moving walkways. Founded by Elisha Otis in 1853, the company has established itself as a pivotal name in the vertical transportation industry, with products deployed in buildings across the globe.

The company is engaged in the design, manufacturing, installation, and maintenance of its products, catering to a diverse clientele in over 200 countries. Otiss offerings encompass a broad spectrum of elevator and escalator solutions, serving various types of structures, from low-rise residential and commercial buildings to high-rise and mega-tall skyscrapers.

Otis has a rich history of innovation, holding numerous patents related to elevator and escalator technologies. The company prioritizes sustainability by developing energy-efficient products that minimize both energy consumption and carbon emissions, reflecting its commitment to environmentally responsible practices.

Safety remains a cornerstone of Otiss operations. The company invests in comprehensive safety training for its workforce and provides various safety solutions for clients, including emergency communication systems and protective barriers to enhance the safety of its installations.

With a global workforce exceeding 69,000 employees, Otis operates from more than 1,500 locations around the world. The company is headquartered in Farmington, Connecticut, and, while previously a subsidiary of United Technologies Corporation, it now functions as an independent entity following the merger of UTC with Raytheon Technologies in April 2020, maintaining its strong brand identity and legacy in the industry.


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


   

Stock Performances by Major Competitors

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Otis Worldwide Corporation

Otis Worldwide Corporation Reports Moderate Revenue Decline Amidst Encouraging Earnings Growth

Navigating a Mixed Bag: My Take on Otis Worldwide's Latest Financial Results
As I sift through the financial results from Otis Worldwide Corporation for the April to June 30, 2024 fiscal period, a sense of cautious optimism washes over me, tempered by the realities of soft turnover. In a market that has remained unpredictable, Otis has managed to demonstrate resilience, showcased by an impressive 13.33% growth in earnings per share. At $1.02 per share, it's a solid achievement, especially when juxtaposed with a year-over-year revenue decline of 3.199%, landing at $3.60 billion.
This juxtaposition of earnings growth despite a decrease in revenue piques my interest. The prior reporting season revealed a healthier landscape with revenue jumping by 4.772% from $3.44 billion and a noteworthy 18.6% increase in income per share from $0.86. It?s evident that while the revenue decline in the latest quarter is concerning, the earnings performance indicates clever management strategies that have potentially focused on cost control or higher-margin projects.

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
segments    100 % of total Revenue
New Equipment    34.72 % of total Revenue
Service    65.28 % of total Revenue





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