Summary
US68902V1070 Chart
Headwinds Can't Ground This Elevator Giant: Why I'm Still Bullish On Otis
Otis Worldwide (OTIS) delivered a Q3 earnings beat, raising full-year EPS guidance despite ongoing headwinds, particularly in China. OTIS faces declining New Equipment sales and profits, but strong Services segment growth and cost-saving measures help offset challenges. Share repurchases, a healthy balance sheet, and strategic global projects support long-term bullishness, though near-term upside is limited.
Otis Worldwide: Visible Path To Earnings Acceleration Ahead
Otis Worldwide Corporation is upgraded to Buy as the long-awaited inflection point has arrived, with service growth and margins accelerating. Service segment organic sales grew 6% y/y, driving margin expansion despite modernization mix headwinds, signaling improved productivity and pricing power for OTIS. Americas New Equipment business is stabilizing, China is showing signs of bottoming, and a robust backlog provides strong visibility into 2026 earnings.
Otis Worldwide Corporation (OTIS) Q3 2025 Earnings Call Transcript
Otis Worldwide Corporation ( OTIS ) Q3 2025 Earnings Call October 29, 2025 8:30 AM EDT Company Participants Robert Quartaro - Vice President of Investor Relations Judith Marks - Chair, President & CEO Cristina Mendez - Executive VP & CFO Conference Call Participants Joseph O'Dea - Wells Fargo Securities, LLC, Research Division Nigel Coe - Wolfe Research, LLC Jeffrey Sprague - Vertical Research Partners, LLC C. Stephen Tusa - JPMorgan Chase & Co, Research Division Amit Mehrotra - UBS Investment Bank, Research Division Christopher Snyder - Morgan Stanley, Research Division Nicole DeBlase - Deutsche Bank AG, Research Division Julian Mitchell - Barclays Bank PLC, Research Division Presentation Operator Good morning, and welcome to Otis' Third Quarter 2025 Earnings Conference Call.
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Otis Worldwide Corp. Profile
| - Industry | - Sector | Judith F. Marks CEO | XSTU Exchange | US68902V1070 ISIN |
| US Country | 72,000 Employees | 14 Nov 2025 Last Dividend | - Last Split | 19 Mar 2020 IPO Date |
Overview
Otis Worldwide Corporation stands as a pioneering force in the global market for the manufacturing, installation, and servicing of elevators and escalators. With a rich history dating back to 1853, the company has established a significant presence not only in the United States and China but also on an international scale. It operates through two primary segments: New Equipment and Service, catering to a diverse clientele that includes real-estate and building developers, general contractors, and directly to customers. Headquartered in Farmington, Connecticut, Otis continues to lead in innovation and customer service in the vertical transportation industry.
Products and Services
- New Equipment:
- Service:
This segment is dedicated to the design, manufacture, sale, and installation of a comprehensive range of passenger and freight elevators, as well as escalators and moving walkways. These products are tailored for both residential and commercial buildings, in addition to infrastructure projects. Otis aims to meet the specific needs of real-estate and building developers, as well as general contractors, by offering direct sales and distribution through agents and distributors.
Under the Service segment, Otis offers extensive maintenance and repair services for its elevators and escalators. In addition to these services, it also provides modernization services, aiming to upgrade and enhance the performance and efficiency of existing elevators and escalators. This segment ensures the longevity and reliability of Otis products through timely and expert servicing.
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