Otis Worldwide Corporation manufactures, installs, and services elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. It had a network of approximately 34,000 service mechanics operating approximately 1,400 branches and offices. The company was founded in 1853 and is headquartered in Farmington, Connecticut.
Otis Worldwide navigates market headwinds with service sector strength, Q4 2024 results show. China challenges persist, but recurring revenue offers stability.
Otis Worldwide navigates mixed Q4 earnings, leveraging service segment strength amidst China challenges. Strategic shifts and sustainability drive future growth.
Otis Worldwide navigates Q4 earnings miss with service segment growth and strategic initiatives. Share repurchase and dividend boost investor confidence amidst industry trends.
Otis Worldwide's Q4 2024 earnings reveal mixed results, with service strength offsetting new equipment weakness. China challenges persist, but dividends and buybacks continue to support shareholders.
Otis Worldwide's Q4 2024 earnings reveal a mixed performance, with service segment growth offsetting new equipment challenges. The 2025 outlook remains positive.
Otis Worldwide's Q4 earnings reveal service sector strength offsetting new equipment challenges. International revenue and modernization are vital for growth.
Get an in-depth analysis of Otis Worldwide’s Q4 2024 performance with strong service growth offsetting challenges in new equipment amid China slowdown.
A comprehensive intraday update on Otis Worldwide’s Q4 2024 earnings reveals strong service performance mitigating new equipment challenges and reaffirming financial stability.