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Stock impact report

‘Focus on what we can control': Otis CEO Judy Marks on finding growth during uncertainty [Yahoo! Finance]

Otis Worldwide Corporation (OTIS) 
Company Research Source: Yahoo! Finance
Otis Worldwide was spawned from a break-up of United Technologies that investors pushed for because of the persistent underperformance of the parent company's stock. It returned to the New York Stock Exchange a century after it first listed there at an unpromising time — April 2020 was just weeks into the COVID-19 pandemic, which played havoc with supply chains, the construction industry, and the occupancy of buildings tall enough to require Otis products. Five years later, however, shares in Otis have roughly doubled, narrowly beating the S&P 500 index and far outpacing listed rivals Schindler and Kone. “What I tell our team is to remain calm, to focus on what we can control, and to remain resilient,” Marks says in an interview from her Connecticut headquarters, a 20-minute drive from the 117-meter tower where Otis tests new elevator equipment. “That, plus a very reliable, service-driven business model, has served us well.” Finding a flywheel strategy More than 170 years after Show less Read more
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