OTIS Stock Recent News

Otis Worldwide (OTIS) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.88 per share a year ago.

Otis delivers mid-single digit organic Service sales growth and strong Service operating profit margin expansion Service net sales up 1% with organic sales up 4% GAAP operating profit margin down 350 bps, adjusted operating profit margin up 40 bps GAAP EPS down 29% and adjusted EPS up 5% Maintenance portfolio units up 4% Modernization orders up 12%, backlog up 13%, up 14% at constant currency GAAP cash flow from operations of $190 million; adjusted free cash flow of $186 million Share repurchases of approximately $250 million FARMINGTON, Conn. , April 23, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) reported first quarter 2025 net sales of $3.3 billion with organic sales flat versus the prior year.

FARMINGTON, Conn. , April 22, 2025 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.42 per share of Otis' common stock, representing an 8% increase.

OTIS' first-quarter performance is likely to have been impacted by lower New Equipment sales, with maintenance portfolio growth benefiting the results.

Beyond analysts' top -and-bottom-line estimates for Otis Worldwide (OTIS), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2025.

FARMINGTON, Conn. , April 9, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, April 23, 2025, at 8:30 a.m.

Upgrading Otis Worldwide to a Buy rating due to its defensive qualities and recent outperformance amid market volatility, reflecting investor confidence. Otis's service business, accounting for 85% of operating profit, offers stable, high-margin, recession-resistant cash flows, making it a strong defensive play. Despite its premium valuation, Otis's robust free cash flow and dividend growth, supported by share buybacks, make it an attractive investment in current market conditions.

Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to explain why he's buying a stock in a sea of red.

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.