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Otis Worldwide Corp - OTIS STOCK NEWS

Welcome to our dedicated news page for Otis Worldwide (Ticker: OTIS), a resource for investors and traders seeking the latest updates and insights on Otis Worldwide.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Otis Worldwide's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Otis Worldwide's position in the market.

Rhea-AI Summary
Otis Worldwide (OTIS) will host a conference call to discuss first quarter results and 2024 outlook with Chair, CEO & President Judy Marks and EVP & CFO Anurag Maheshwari.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.84%
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Rhea-AI Summary
Otis Brazil joins the Companies with Refugees Forum, showcasing its commitment to inclusion and support for refugees. The company's actions include collaborations with philanthropic institutions and initiatives to integrate refugees into the workforce.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.82%
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Rhea-AI Summary
Otis Worldwide Corporation (OTIS) has been chosen by Emaar Properties to modernize 34 elevators and 8 escalators in the Burj Khalifa, the world's tallest building. The contract includes servicing all units for an additional 10 years. This upgrade will enhance safe and efficient vertical mobility for years to come.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.69%
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none
Rhea-AI Summary
Otis Worldwide Corporation (OTIS) highlights accelerating portfolio growth with Service sales growing mid-single digits or higher while gaining share in New Equipment. The company outlines a medium-term outlook with low to mid-single digit organic sales growth and over 10% annualized adjusted EPS growth. Plans include returning over $8 billion in capital to shareholders through dividends and share repurchases through 2028.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.53%
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Rhea-AI Summary
Otis Worldwide (NYSE:OTIS) has achieved Gold-level TRUE zero waste certification for all five of its manufacturing facilities in China, making it the first elevator company in China to earn a TRUE Gold rating. This underscores the company's commitment to sustainability and its global ESG goals. Otis aims to achieve 100% factory eligibility for zero-waste-to-landfill certification by 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.98%
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Rhea-AI Summary
Otis Worldwide Corporation (OTIS) has declared a quarterly dividend of $0.34 per share of common stock, payable on March 8, 2024, to shareholders of record at the close of business on February 16, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.55%
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dividends
Rhea-AI Summary
Otis Worldwide Corporation (OTIS) reported a strong fourth quarter and full year results, with net sales up 5.3% and organic sales up 3.8% in the fourth quarter. The company announced a 2024 outlook with solid sales and earnings growth, including organic sales up 3 to 5%, adjusted earnings per share of $3.80 to $3.90, and adjusted free cash flow of approximately $1.6 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.73%
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Rhea-AI Summary
Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, January 31, 2024, at 8:30 a.m. ET to discuss the company's full year and fourth quarter results and 2024 outlook. Otis Chair, CEO & President Judy Marks and Executive Vice President & CFO Anurag Maheshwari will lead the discussion. The webcast link, presentation, and news release will be available on www.otis.com. Investors can also access additional updates on the website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
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News
Rhea-AI Summary
Otis Worldwide Corporation (NYSE: OTIS) will host its 2024 Investor Day on Thursday, February 15, 2024, in New York City. Otis Chair, CEO & President Judy Marks and members of the leadership team will discuss the company's strategic initiatives and medium-term financial outlook. The meeting is scheduled to begin at 9:00 a.m. ET and will be broadcast live at www.otis.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.73%
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conferences
Rhea-AI Summary
Otis Worldwide Corporation: Otis Elevator Co. Collaborates with Boys & Girls Clubs of Hartford for STEM Learning Initiative. Otis committed to a $50,000 donation to support ongoing STEM programming at the Club. Otis Chair, President & CEO Judy Marks participated in the hands-on activities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.74%
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Otis Worldwide Corp

NYSE:OTIS

OTIS Rankings

OTIS Stock Data

38.87B
404.56M
0.16%
90.97%
1.31%
Iron and Steel Forging
Manufacturing
Link
US
Farmington

About OTIS

at otis, we are dedicated to connecting you to the people and places that matter. for over 160 years, we’ve continually reinvented the way our passengers move through the urban world with industry-leading elevators, escalators and moving walkways.