OTIS Stock Recent News

Otis Worldwide's innovation ability reflects from its recent project win in Kaohsiung, Taiwan. Click here to learn more about the new project win.

Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to reveal two more names on his "Best Stocks in the Market" list.

Otis Worldwide (OTIS) reported earnings 30 days ago. What's next for the stock?

Examine Otis Worldwide's (OTIS) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.

FARMINGTON, Conn. , Jan. 30, 2025 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.39 per share of Otis' common stock.

OTIS Q4 results hurt by a dismal New Equipment segment performance but gain from the Service segment. Dive in to get a clear picture about the quarter.

Otis Worldwide Corporation (NYSE:OTIS ) Q4 2024 Earnings Conference Call January 29, 2025 8:30 AM ET Company Participants Rob Quartaro - Vice President, Investor Relations Judy Marks - Chair, Chief Executive Officer and President Cristina Mendez - Executive Vice President and Chief Financial Officer Conference Call Participants Joseph O'Dea - Wells Fargo Rob Wertheimer - Melius Research Amit Mehrotra - UBS Nigel Coe - Wolfe Research Julian Mitchell - Barclays Jeffrey Sprague - Vertical Research Partners Steve Tusa - JPMorgan Chris Snyder - Morgan Stanley Nick Housden - RBC Capital Markets Miguel Borrega - BNP Paribas Operator Good morning and welcome to Otis' Fourth Quarter 2024 Earnings Conference Call. This call is being carried live on the Internet and recorded for replay.

Although the revenue and EPS for Otis Worldwide (OTIS) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Otis Worldwide (OTIS) came out with quarterly earnings of $0.93 per share, missing the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.87 per share a year ago.

Otis delivers solid fourth quarter and full year results; announces 2025 outlook with sustained earnings growth driven by continued Service momentum Fourth quarter 2024 Net sales up 1.5% and organic sales up 1.9%, driven by Service sales up 7.6% and Service organic sales up 7.8% GAAP EPS up 6.3% and adjusted EPS up 6.9% with continued margin expansion Maintenance portfolio units increased 4.2% Modernization orders up 18%; backlog up 10%, 13% at constant currency GAAP cash flow from operations of $690 million; adjusted free cash flow of $682 million; share repurchases of $200 million Full year 2024 Net sales up 0.4% and organic sales up 1.4%, driven by Service sales up 5.9% and Service organic sales up 6.8% GAAP EPS up 20.1% and adjusted EPS up 8.2% GAAP cash flow from operations of $1.6 billion, adjusted free cash flow of $1.6 billion; share repurchases of $1.0 billion Outlook for full year 2025*: Organic sales up 2 to 4%, adjusted earnings per share of $4.00 to $4.10 and adjusted free