Management highlighted the resilience of Otis’s service business and the evolving impact of global trade dynamics on new equipment. The quarter’s performance was shaped by a mix of steady ...

Otis Chair, CEO and President. "Our dividend has increased approximately 110% since our spin in 2020, supported by the strength of our Service-driven business model." This release includes ...

During the first quarter, Otis’ new equipment business posted sales of $1.2 billion, down 9% from a year ago, and an operating profit of $66 million, down 5% from a year earlier. The company ...

Find out in our full research report (it’s free). Otis’s first quarter results showed stability in its service-driven business model, with organic sales flat year over year as gains in service ...