Otis Worldwide Corporation (OTIS)

In the past six months, Otis Worldwide Corp. has experienced several notable events impacting its stock. As of June 27, 2025, the stock price was $97.60, reflecting a 2.56% increase over the past 30 days and a 1.67% increase over the past 12 months. For the first quarter of 2025, Otis reported adjusted earnings per share (EPS) of $0.92, slightly surpassing analysts' expectations. In the fourth quarter of 2024, Otis achieved net sales of $3.7 billion, with 1.9% organic sales growth. Looking ahead to 2025, Otis projects net sales between $14.1 billion and $14.4 billion, with an anticipated organic sales growth of 2-4%. Recent company news includes the Space Needle opening its first Otis Double-Deck, Panoramic Glass Elevator on May 23, 2025, and Otis announcing the global winner of its Made to Move Communities™ Challenge on May 7, 2025.

Otis Worldwide Corp.'s operations are generally not subject to significant seasonal fluctuations, although New Equipment sales in Asia are lower in the first quarter due to Lunar New Year celebrations. The company's service business provides a stable revenue stream, offsetting fluctuations in new installations, which can be influenced by economic cycles. The modernization segment also provides a consistent revenue stream.

Otis Worldwide Corp. is an American company that develops, manufactures, and markets elevators, escalators, moving walkways, and related equipment. It provides maintenance, repair, and modernization services for its own products and those of other manufacturers. Otis operates within the Transport Systems industry, focusing on vertical transportation systems, and is categorized under the Building Products and Specialty Industrial Machinery sectors. Otis's major products include a wide range of elevators, escalators, and moving walkways. Otis offers advanced digital solutions like Remote Elevator Monitoring (REM) systems and Otis ONE.

Otis Worldwide Corp. has an extensive global footprint, operating in over 200 countries and territories, with a direct physical presence in approximately 80 countries, supported by over 1,400 branches and offices worldwide. Approximately 72% of Otis's revenues were generated from international sales outside the U.S. in fiscal year 2022. The company's service portfolio of approximately 2.3 million units is geographically diverse. In 2022, New Equipment sales in China and the Americas each accounted for about one-third of the company's net sales in that segment, with China representing over half of the global New Equipment unit volume.

Otis Worldwide Corp. has maintained a strong brand reputation, earning recognition as one of the "World's Most Trustworthy Companies" by Newsweek for the second year and one of the "World's Most Admired Companies" by Fortune magazine for the fourth year. Otis was also recognized among "America's Most Responsible Companies" and the "World's Most Trustworthy Companies" by Newsweek, and as one of the "World's Best Employers" by Forbes. The Disability Equality Index® acknowledged its commitment to disability inclusion, naming it a "Best Place to Work for Disability Inclusion" for 2024. Customer complaints from end-users are increasingly impacting brand and reputation.

Otis Worldwide Corp. has a significant institutional ownership base, with 2,036 institutional owners and shareholders holding 88.33% of the company's shares. Vanguard Group Inc. is the largest individual institutional shareholder, holding 11.81% of the company. Individual owners hold 0.14% of the shares, while retail investors hold 11.52%.