OTIS REPORTS THIRD QUARTER 2024 RESULTS
Otis Worldwide Corporation (OTIS)
Company Research
Source: PR Newswire
Otis delivers continued strong Service performance with high single digit Service sales growthGAAP EPS up 47.3% and adjusted EPS up 1.1%Service net sales up 7.2% and Service organic sales up 7.7%Maintenance portfolio units increased 4.2%Mod orders up 3%, backlog up 14%, up 12% at constant currencyGAAP cash flow from operations of $394 million; adjusted free cash flow of $381 millionShare repurchases of $200 millionYTD GAAP EPS up 24.2% and YTD adjusted EPS up 8.2%, share repurchases of $800 millionUpdated full-year outlook1: adjusted EPS of ~$3.85 with ~6.5% Service organic sales growth and ~75 basis points of Service margin expansionFARMINGTON, Conn., Oct. 30, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported third quarter 2024 net sales of $3.5 billion with organic sales up 1.2%. GAAP earnings per share (EPS) increased 47.3% to $1.34 and adjusted EPS increased 1.1% to $0.96."Otis returned to top-line growth in the third quarter as we continue to demonstrate the st
Show less
Read more
Impact Snapshot
Event Time:
OTIS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
OTIS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
OTIS alerts
High impacting Otis Worldwide Corporation news events
Weekly update
A roundup of the hottest topics
OTIS
News
- Alexander MacDonald's Top Picks for November 14, 2024 [BNN Bloomberg (Canada)]BNN Bloomberg
- Otis Worldwide Co. (NYSE: OTIS) is now covered by analysts at UBS Group AG. They set a "neutral" rating and a $113.00 price target on the stock.MarketBeat
- Students to Develop Urban Mobility Solutions Using AIPR Newswire
- Should You Buy Otis Worldwide Corporation (NYSE:OTIS) For Its Upcoming Dividend? [Yahoo! Finance]Yahoo! Finance
- Smart Elevator Market to Reach US$ 32.58 Billion by 2032 Driven by Rising Demand for Energy-efficient and Eco-Friendly Building Solutions | Research by S&S Insider [Yahoo! Finance]Yahoo! Finance
OTIS
Earnings
- 10/30/24 - Miss
OTIS
Sec Filings
- 11/20/24 - Form CERT
- 11/19/24 - Form 8-A12B
- 11/19/24 - Form 8-K
- OTIS's page on the SEC website