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The Latest Breaking News from Otis

Otis Worldwide Q2 Sales Beat Estimates, Raises Guidance

Elevator manufacturer reports 6.7% YoY sales growth, plans $150M cost savings with UpLift program.

3 Industrial Stocks You Should Start Watching

3 Industrial Stocks You Should Start Watching

The industrial sector will likely grow as a result of strong demand and advancements in technology. Therefore, fundamentally strong industrial stocks Otis Worldwide (OTIS), Dover (DOV), and Graco (GGG) could be worth adding to your watchlist. Read on.

3 grads share how Snap CEO Evan Spiegel's loan forgiveness changed their lives

3 grads share how Snap CEO Evan Spiegel's loan forgiveness changed their lives

Spiegel and wife Miranda Kerr gave Otis College of Art and Design its biggest gift ever. The students who benefitted are still wrapping their minds around it.

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Elevators of the future to employ AI and facial recognition

Elevator makers are experimenting with facial recognition and horizontal shafts.

11 recession-resistant stocks to buy for 2023

Loyal customers and inflation-proof pricing power will help these companies pay off for investors even in a tough economy.

GE Makes Leadership Changes In Aviation Unit: All You Need To Know

General Electric Co (NYSE:GE) has named its current Chairman and CEO H. Lawrence Culp, Jr., to take up the additional role of CEO of GE Aviation, effective immediately. GE Aviation's current President and CEO, John Slattery, has been named Executive Vice President and Chief Commercial Officer of the business. GE named Russell…

Otis Names Anurag Maheshwari As Finance Chief

Otis Worldwide Corp (NYSE:OTIS) has appointed Anurag Maheshwari as Executive Vice President & Chief Financial Officer, effective August 12, 2022. Maheshwari will succeed Rahul Ghai, who has accepted a position outside Otis. Most recently, Maheshwari served as Vice President, Finance, IT, and Chief Transformation Officer in the Otis Asia Pacific region. Before joining…

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Snapchat co-founder pays off college debt of new graduates at LA art and design school

Yaritza Velazquez-Medina took a chance on a major career turn when she decided to drop her work as a crisis counselor in 2018 to pursue her artistic passions. She enrolled at Otis College of Art and Design in Los Angeles to become a graphic designer — even though she wracked…

Los Angeles Times

Otis Worldwide Shares Gain Post Q1 Results

Otis Worldwide Shares Gain Post Q1 Results

Otis Worldwide Corp (NYSE:OTIS) reported first-quarter FY22 sales growth of 0.2% year-over-year to $3.414 billion, +3.1% on an organic basis, missing the consensus of $3.43 billion. New Equipment sales of $1.42 billion (-2.5% Y/Y), -0.5% organic. New Equipment orders were up 8.8% at constant currency, with growth in all regions. Backlog increased…

Otis Worldwide's Earnings Outlook

Otis Worldwide's Earnings Outlook

Otis Worldwide (NYSE:OTIS) is set to give its latest quarterly earnings report on Monday, 2022-04-25. Here's what investors need to know before the announcement. Analysts estimate that Otis Worldwide will report an earnings per share (EPS) of $0.74.

Public Acquires Otis To Bring Fractional NFT Ownership To Users: What You Need To Know

Public Acquires Otis To Bring Fractional NFT Ownership To Users: What You Need To Know

An investing platform offering stocks, funds and crypto is adding fractional investing and non-fungible tokens access to users with an acquisition announced Wednesday.

Otis Worldwide Stock Gains Post Q4 Results, Provides FY22 Guidance

Otis Worldwide Stock Gains Post Q4 Results, Provides FY22 Guidance

Otis Worldwide Corp (NYSE:OTIS) reported fourth-quarter FY21 sales growth of 2.2% year-over-year to $3.569 billion, +2.8% on an organic basis, missing the consensus of $3.58 billion. New Equipment sales of $1.56 billion (+2% Y/Y), +1.2% organic. Organic sales were 11.9% in Asia, partially offset by a decline of 9.5% and 6.3% in the…

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