Revenue segments as reported by the company.

New Equipment

Service

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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Operating Margin

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Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Research and development

Selling, general and administrative

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Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Otis Worldwide

Otis Worldwide Corp. engages in the manufacture, installation, and provision of escalator and escalator services. It operates through the New Equipment and Service segments. The New Equipment segment designs, manufactures, sells, and installs a wide range of passenger and freight elevators. The Service segment offers maintenance and repair services, and modernization services to upgrade elevators and escalators. The company was founded by Elisha Graves Otis in 1853 and is headquartered in Farmington, CT.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q3 2024

Earnings data Q4 2024

Otis Worldwide reports strong Q4 performance and outlines growth plans

Otis Worldwide showcased robust performance in Q4 2022, with growth in key metrics and strategic initiatives driving future growth prospects.
Despite challenges from headwinds, the company's strengths in margin expansion, global projects, and ESG efforts position it well for continued success.
With a focus on enhancing productivity, customer relationships, and cash flow conversion, Otis is poised to capitalize on opportunities for sustained growth and profitability.

Otis Worldwide reports strong Q1 results, eyes growth opportunities in Asia

Otis Worldwide's Q1 performance reflects a robust business model with positive growth indicators and strategic capital allocation. While facing regional challenges, the company remains confident in its outlook and aims for sustained profitability and growth.

Otis Worldwide reports strong Q2 performance and eyes growth opportunities in Asia

Otis Worldwide reported a strong Q2 performance with high single-digit organic sales growth, expanded profit margins, and notable EPS growth. The company showcased strength in securing global contracts, emphasizing sustainability, and introducing operational efficiency initiatives.
While facing challenges with new equipment orders and market uncertainties in China, Otis has opportunities to leverage its strong market presence, focus on sustainability, and capitalize on growth in Asia. Initiatives like the UpLift program and mod margin enhancements position the company for future success.
Overall, Otis Worldwide's performance in Q2 reflects resilience and strategic focus, with a strong service segment, robust financial results, and a commitment to sustainability. The company's initiatives and market opportunities present a positive outlook for continued growth and profitability.

Otis Worldwide reports strong Q3 results amidst New Equipment challenges

Otis Worldwide's Q3 performance showcased strength in service segments and organic sales growth, despite challenges in New Equipment orders. The company's focus on key markets like China and initiatives like the Uplift program position it well for future growth.

Otis Worldwide reports robust Q4 performance and eyes modernization growth

Otis Worldwide's Q4 performance showcased strong growth in modernization orders, service sales, and global project wins, underpinned by innovation and sustainability goals.
While facing challenges in backlog volume and competitive markets, Otis remains focused on opportunities for margin growth, ESG initiatives, and market expansion.
The company's 2024 outlook is optimistic, with expectations of continued growth in key financial metrics and a strategic focus on modernization and service segments.

Otis Worldwide reports strong Q1 performance, eyes growth in India

Otis Worldwide's Q1 performance showcased growth in key segments, margin expansion, and strategic investments in growth markets like India. Challenges include margin maintenance in China and backlog conversion in the Modernization segment. Opportunities exist in acquisitions, supply chain optimization, and the high-growth market of India.

Otis Worldwide reports solid Q2 performance amidst market challenges

Otis Worldwide's Q2 performance showcased strength in the Service segment but faced challenges in New Equipment orders due to market conditions. The company's focus on ESG goals and cost-saving initiatives present opportunities for future growth and efficiency.

Otis Worldwide reports solid Q3 results, eyes growth opportunities

Otis Worldwide delivered a strong Q3 performance driven by service segment growth.
While facing challenges in New Equipment sales, the company is optimistic about future opportunities.
With a focus on operational excellence and shareholder value, Otis aims for continued growth in 2024.

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Cost of revenue

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Net change in cash

Free cash flow

Higher sales growth and solid margin expansion in both the segments help Otis Worldwide (OTIS) to post better-than-expected Q2 results.

Otis Worldwide (OTIS) Q2 Earnings & Net Sales Beat, View Up

Otis' Q2 showed a strong rebound from COVID-impacted 2020, with Net Sales up 15% and EBIT up 17.5% organically; H1 EPS is up 29%. New Equipment sales rebounded by 25% organically; Maintenance & Repair sales were up 7.5% organically after a 3% growth in units.

Otis: Strong Q2 Means Likely 15-16% EPS Growth In 2021; Buy

Otis Worldwide Corp (NYSE: OTIS) reported second-quarter net sales growth of 15.7% year-over-year to $3.70 billion, beating the consensus of $3.45 billion. Adjusted EPS of $0.79 topped the consensus of $0.71.

Otis Worldwide Beats Q2 Earnings Estimates, Raises FY21 Outlook

Otis Worldwide (OTIS) delivered earnings and revenue surprises of 11.27% and 7.08%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Otis Worldwide (OTIS) Tops Q2 Earnings and Revenue Estimates

Shares of Otis Worldwide (NYSE:OTIS) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share increased 41.07% over the past year to $0.79, which beat the estimate of $0.71.

Otis Worldwide: Q2 Earnings Insights

FARMINGTON, Conn., July 26, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported second quarter 2021 net sales of $3.7 billion with 15.4% organic growth.

Otis Reports Second Quarter 2021 Results

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Otis Worldwide (OTIS) is likely to have witnessed higher revenues and earnings in the second quarter, given recovery in end-markets served.

Can Otis Worldwide (OTIS) Report Higher Earnings in Q2?

Otis Worldwide is a wonderful business that has an enviable and balanced business model. Global urbanisation fuels growth in the New Equipment segment.

Otis Worldwide: A Strong Buy And Hold Business

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FARMINGTON, Conn., July 9, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Monday, July 26, 2021, at 8:30 a.m.

Otis Second Quarter 2021 Earnings Advisory

One of the largest elevator and escalator companies in the world gets new coverage from an analyst with a bullish outlook and potential for returned capital to shareholders.  The Otis Worldwide Analyst: RBC Capital analyst Nick Housden initiates coverage on Otis Worldwide Corp (NYSE:OTIS) with an Outperform rating and $95 price target.

Why Otis Worldwide Stock Has Analyst Bullish

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Otis (OTIS) is banking on segmental performance, dividend yield and the current repurchase program.

Otis (OTIS) Up 19% in 3 Months: Will the Rally Continue?

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FARMINGTON, Conn., June 8, 2021 /PRNewswire/ -- Otis Worldwide Corp. (NYSE: OTIS), the company that helped make the vertical city possible and transformed how we live and work, today announced a new generation of digitally native elevators – created to give people freedom to connect and thrive in a taller, faster, smarter world.

Otis Unveils New Generation of Digitally Native Elevator Platforms

Otis Worldwide Corporation (OTIS) CEO Judy Marks Presents at Annual Bernstein Strategic Decisions Conference Transcript

FARMINGTON, Conn., May 26, 2021 /PRNewswire/ -- Otis Worldwide Corp. (NYSE: OTIS), the world's leading company for elevator and escalator manufacturing, installation and service, today unveiled additional global Environmental, Social and Governance (ESG) goals.

Otis Announces Global ESG Goals

FARMINGTON, Conn., May 25, 2021 /PRNewswire/ -- Otis Worldwide Corp. (NYSE: OTIS) today announced that Abbe Luersman will join the company as Executive Vice President and Chief People Officer (CPO), effective July 26.

Otis Announces Abbe Luersman as Executive Vice President, Chief People Officer

FARMINGTON, Conn., May 20, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) President & CEO Judy Marks will speak at the Bernstein 37th Annual Strategic Decisions Virtual Conference on Thursday, June 3, 2021 at 10:00 a.m.

Otis CEO to Present at Bernstein Strategic Decisions Conference

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Otis Worldwide (OTIS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Strength Seen in Otis Worldwide (OTIS): Can Its 7% Jump Turn into More Strength?

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Before the market opened on April 26, elevator maker Otis Worldwide Corp. (NYSE:OTIS) reported earnings results for the first quarter of 2021, which ended on March 31.

News for Otis Worldwide Stock (OTIS)