Otis' Margin Expansion Supporting Medium-Term Earnings Growth

Mar 1, 2023 · From the early 2000s until 2014, management decided to focus on expanding margins at the expense of market share, sacrificing growth and willing to service less elevators at a higher margin than ...

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Otis' Elevator Maintenance And Modernization Business To Drive …

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Feb 26, 2024 · Our financial estimates accord broadly with Otis’ medium-term outlook for low- to mid-single-digit organic sales growth, operating profit margin expansion of about 0.4% …

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OTIS - OTIS REPORTS SECOND QUARTER 2024 RESULTS - Otis …

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Jul 24, 2024 · Otis Worldwide Corporation (NYSE:OTIS) reported second quarter 2024 net sales of $3.6 billion with organic sales down 1.2%. GAAP earnings per share (EPS) increased …

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Earnings Call: Otis Reports Growth And Challenges In Q3 2024

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Oct 30, 2024 · Otis’ earnings call revealed a complex landscape of growth and setbacks. ... we have delivered 60 basis points of margin expansion, 8.2% adjusted EPS growth while …

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OTIS - OTIS REPORTS FIRST QUARTER 2024 RESULTS - Otis …

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Apr 24, 2024 · Otis Worldwide Corporation (NYSE:OTIS) reported first quarter 2024 net sales of $3.4 billion with 3.8% organic growth. GAAP earnings per share (EPS) increased 8.9% to …

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Otis Worldwide (OTIS) Q4 2023 Earnings Call Transcript

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Jan 31, 2024 · To summarize, 2023 was characterized by solid organic sales growth, adjusted operating profit margin expansion, and nearly 12% EPS growth, outperforming our medium …

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Otis Worldwide Corp (OTIS) Q1 Earnings: Solid Service Growth And …

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Apr 24, 2024 · The first quarter saw Otis achieve a GAAP earnings per share (EPS) of $0.86, an 8.9% increase year-over-year, and an adjusted EPS of $0.88, up by 10.0%. These figures are …

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Earnings Call: Otis Reports Robust Growth And Optimistic 2024 Outlook

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Jan 31, 2024 · To summarize, 2023 was characterized by solid organic sales growth, adjusted operating profit margin expansion, and nearly 12% EPS growth outperforming our medium …

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Otis Worldwide (OTIS) Q3 2024 Earnings Call Transcript

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Oct 30, 2024 · With service as the driver, we have delivered 60 basis points of margin expansion, 8.2% adjusted EPS growth while returning $800 million to shareholders through shared …

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JPMorgan Adjusts Price Target On Otis Worldwide To $108 From …

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22 hours ago · Otis Worldwide Corporation, Q3 2024 Earnings Call, Oct 30, 2024 24-10-30: Otis cuts FY sales forecast as quarterly results miss on China weakness 24-10-30: RE Otis …

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Air Products' Ambitious Capital Deployment Plan Should Support …

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11 hours ago · We've raised our fair value estimate to $333 per share from $322 after Air Products announced preliminary fiscal first-quarter adjusted earnings per share of $2.86, …

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FAQs about Otis' Margin Expansion Supporting Medium-Term Earnings Growth Coupon?

How did Otis worldwide (Otis) perform in first quarter 2024?

FARMINGTON, Conn., April 24, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported first quarter 2024 net sales of $3.4 billion with 3.8% organic growth. GAAP earnings per share (EPS) increased 8.9% to $0.86 and adjusted EPS increased 10.0% to $0.88. ...

What is Otis' operational strategy?

Otis' operational strategy continues to emphasize service excellence and modernization, with the maintenance portfolio units growing by 4.1%. The company's CEO, Judy Marks, noted the strength of the service-driven business model and the successful margin expansion both year over year and quarter over quarter. ...

Does Otis have a market share?

The company boasts a significant market share of approximately 18% globally. Otis operates a comprehensive business model that spans the installation, maintenance, and eventual replacement of elevator units, managing an extensive service portfolio of over 2 million units worldwide. ...

What is Otis' medium-term outlook for 2024?

Medium-term outlook* Otis is announcing its medium-term outlook: Otis reiterates 2024 outlook* with organic sales up 3 to 5% and adjusted earnings per share up 7 to 10% with adjusted free cash flow of ~$1.6 billion. ...

How did Otis perform in the first quarter?

The first quarter saw Otis achieve a GAAP earnings per share (EPS) of $0.86, an 8.9% increase year-over-year, and an adjusted EPS of $0.88, up by 10.0%. These figures are in line with the analyst EPS estimate of $0.87 for the quarter. ...

When did Otis change its measure of segment performance?

Effective in the first quarter of 2024, the measure of segment performance used by Otis' Chief Operating Decision Maker ("CODM") changed and, as a result, Otis' disclosed measure of segment performance (segment operating profit) was updated. ...