Otis Worldwide Corporation
OTIS · NYSE
OTIS · NYSE
Otis sells, installs, maintains and modernizes elevators, escalators and moving walkways. Its New Equipment business supplies equipment for new buildings and infrastructure, while its Service business earns revenue from maintenance, repairs and modernization of installed systems. Customers include building developers, owners and operators, as well as infrastructure and transit operators. The supplied information does not give the revenue contribution of each business. Otis reports FY2025 revenue of $14.4 billion and net income of $1.4 billion, compared with $14.3 billion of revenue and $1.6 billion of net income in FY2024.
Otis rose $3.82, or 5.36%, from $71.33 to $75.15 across the supplied closes. The shares slipped to $71.04 on October 19, then advanced over the next three sessions, including a sharp $3.25 gain on October 22 to $75.60; they surrendered $0.45 on October 23 but retained most of that rally. The evidence identifies no company-specific announcement behind the move. The stock was approaching its scheduled third-quarter results on October 28, with the available outlook pointing to expected revenue growth but lower adjusted earnings per share and weaker new-equipment demand. No broader market driver is provided.
Otis Stock Is Near Its 52-Week Low. Is This Margin-Pressured Market Leader a Long-Term Buy?
