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Otis's SWOT analysis: elevator giant faces china headwinds, service strength

Otis Worldwide Corporation (NYSE:OTIS), a global leader in the elevator and escalator industry with annual revenue of $14.26 billion, finds itself at a crossroads as it navigates a complex market ...
Morningstar

Otis: Retains Focus on Service and Modernization Opportunities; Targets Unchanged at Investor Day

Otis Worldwide’s 2024 investor day left us feeling confident that the wide-moat stock remains well positioned to capitalize on growth opportunities that exist for its all-important elevator service ...
U.S. News & World Report

Elevator Maker Otis Raises Full-Year Revenue Forecast on Strong Service Demand

(Reuters) -Elevator maker Otis raised its full-year revenue forecast on Wednesday, after beating first-quarter profit estimates on sustained demand for its maintenance and modernization services. The ...
Morningstar

Otis Earnings: Service and Modernization Strength Offsets Weak Equipment Demand in Late 2023

Our 2023 estimates for Otis Worldwide OTIS are little changed, with the wide-moat stock’s performance tracking largely in line with our expectations. Demand for new elevator equipment remained weak ...
Nasdaq

Here is How Otis (OTIS) is Poised for 2023 Amid Industry Woes

Otis Worldwide Corporation OTIS has been delivering strong results over the past few quarters amid industry challenges. The company has been focusing on innovation, investments in research and ...
Hartford Courant

CT-based Otis Elevator agrees to pay $616K to resolve False Claims Act allegation in Tennessee

Otis Elevator Company has agreed to pay more than $500,000 to resolve allegations tied to the False Claims Act. The settlement was announced Friday by the U.S. Attorney’s Office for the Eastern ...