Otis Worldwde Stock Price, News & Analysis

Otis (NYSE: OTIS), the world's leading elevator company, has introduced new flexible modernization solutions - Arise™ MOD Prime and Arise™ MOD Plus - for European low to mid-rise buildings. The packages address the critical need to upgrade Europe's aging elevator infrastructure, where over 50% of 6 million elevators are at least 25 years old.

The new solutions, available in Spain, UK, France, and Benelux, offer phased modernization options allowing customers to control upgrade pace and budget. Key features include compliance with EN-81-20 safety standards, up to 75% energy reduction with ReGen™ drive technology, and Otis ONE™ smart monitoring system.

Otis (NYSE: OTIS), the global leader in elevator and escalator manufacturing, has launched its sixth annual Made to Move Communities™ STEM education program. This year's challenge focuses on developing mobility solutions for natural disaster response, engaging over 200 students from 25 schools across 18 countries who will work with 150 Otis mentors.

The program has demonstrated significant impact since 2020, providing more than $1.25 million in grants to schools globally and reaching over 1,000 students. Participating schools can receive grants ranging from $7,500 to $35,000 based on team performance. The initiative has already shown success in workforce development, as exemplified by former participant Agustín, who is now employed as an Otis mechanic in Uruguay.

Otis (NYSE: OTIS), the global leader in elevator manufacturing and services, has secured a significant contract with Mountain View Real Estate Development in Egypt to provide 265 Otis Gen2® Prime elevator systems across three major residential projects.

The installations will be implemented in Mountain View's developments including the Mountain View 1.1 Project extension in New Cairo, Mountain View iCity in New Cairo, and iCity in 6th of October City. The elevators will feature 4-7 stops and include high-quality stainless steel finishes for automatic doors and cabins.

This collaboration aligns with Mountain View's vision of developing innovative urban communities while leveraging Otis's advanced technology to enhance residential living standards in Egypt's real estate sector.

Otis Worldwide Corporation (NYSE: OTIS), the world's leading elevator and escalator company, announced that Chair, CEO & President Judy Marks will participate in a fireside chat at Morgan Stanley's 13th annual Laguna conference. The presentation is scheduled for September 12, 2025, at 10:00 a.m. PT (1:00 p.m. ET) and will be accessible via live broadcast on www.otis.com.

Otis currently moves 2.4 billion people daily and maintains approximately 2.4 million customer units worldwide, representing the industry's largest Service portfolio. The company employs 72,000 people, including 44,000 field professionals, serving customers in more than 200 countries and territories.

Otis (NYSE: OTIS), the global leader in elevator and escalator solutions, has secured a significant contract with Singapore's Land Transport Authority (LTA) for the new Cross Island Line project. The company will provide 336 heavy-duty escalators and moving walkways, along with 186 Gen3™ elevators for Singapore's longest fully underground MRT line.

The Cross Island Line will connect major hubs including the Jurong Lake District, Punggol Digital District, and Changi regions. The project will utilize Otis' advanced technology, including the Gen3 connected elevator platform integrated with the Otis ONE™ IoT digital platform for real-time monitoring and predictive maintenance. Otis currently moves 2.4 billion people daily and maintains approximately 2.4 million customer units worldwide.

Otis (NYSE: OTIS), the global leader in elevator manufacturing and services, has secured a contract to provide 76 advanced elevators for Sobha Realty's Riverside Crescent project in Dubai. The installation includes 50 Otis Skyrise®, 12 Otis Arise™, and 14 Gen2® elevators.

The first phase encompasses 6 high-rise residential towers reaching 71 stories and 249 meters in height. The elevators will feature speeds up to 6 meters per second and will be equipped with EMS Panorama™ 2.0 for enhanced facility management. This project strengthens Otis's 50-year presence in the UAE and showcases their commitment to innovation in luxury residential developments.

Otis Worldwide Corporation (NYSE: OTIS), the world's leading elevator and escalator company, has declared a quarterly dividend of $0.42 per share of common stock. The dividend will be payable on September 5, 2025, to shareholders of record as of August 15, 2025.

Otis serves a global market, moving 2.4 billion people daily and maintaining approximately 2.4 million customer units worldwide. The company employs 72,000 people, including 44,000 field professionals, operating in more than 200 countries and territories.

Otis (NYSE:OTIS) reported Q2 2025 results with mixed performance across segments. The company's Service segment showed strength with 6% net sales growth and 4% organic growth, while maintaining a 20 bps operating profit margin expansion to 24.9%. Total net sales remained flat at $3.6 billion, with GAAP EPS declining 3% to $0.99 and adjusted EPS down 1% to $1.05.

The New Equipment segment faced challenges, particularly in China, with net sales declining 10% to $1.3 billion and operating profit margin contracting 240 bps to 5.3%. However, modernization orders grew significantly by 22% at constant currency. The company reconfirmed its 2025 EPS outlook, projecting adjusted EPS of $4.00 to $4.10, representing 4-7% growth.

Otis Worldwide Corporation (NYSE:OTIS), the world's leading elevator and escalator company, has scheduled its second quarter 2025 earnings conference call for July 23, 2025, at 8:30 a.m. ET. CEO Judy Marks and CFO Cristina Mendez will present the results and discuss the company's 2025 outlook.

The company, which serves over 2.4 billion people daily and maintains approximately 2.4 million customer units worldwide, employs 72,000 people, including 44,000 field professionals. Otis operates in more than 200 countries and territories, maintaining the industry's largest service portfolio.