Otis Worldwide Enjoys A Flywheel Business Model, Strong Recurring Revenue Base, And High Barriers To Entry [Seeking Alpha]
Otis Worldwide Corporation (OTIS)
Company Research
Source: Seeking Alpha
SummaryOtis Worldwide, spun off from from the new Raytheon Technologies, began trading as a standalone company on April 3rd and is a rare pure play on the vertical transportation market.Otis has an attractive flywheel business model in which its complementary business segments drive sales for each other.Otis operates in a business with increasing regulatory requirements along with a limited amount of available skilled labor, creating high barriers to entry for new competitors.Large service base of over 2 million units give Otis a large, recurring base of revenue that also insulates it from headwinds to global construction.High level of geographic diversification gives Otis strong leverage to global urbanization.With all of the chaos and volatility in the markets over the past few weeks, some investors may have overlooked a 'new' company that began trading on Friday, April 3rd. However, this was not a hot new SAAS company or cloud company that IPO'd, it was Otis Worldwide (NYSE:OTISRTX
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OTIS
News
- Otis Worldwide Corporation (NYSE:OTIS) First-Quarter Results: Here's What Analysts Are Forecasting For This Year [Yahoo! Finance]Yahoo! Finance
- Otis Worldwide Co. (NYSE: OTIS) had its price target raised by analysts at JPMorgan Chase & Co. from $104.00 to $105.00. They now have a "neutral" rating on the stock.MarketBeat
- Otis Worldwide Co. (NYSE: OTIS) had its price target lowered by analysts at Wells Fargo & Company from $102.00 to $98.00. They now have an "equal weight" rating on the stock.MarketBeat
- Nigeria Elevator and Escalator Market Report 2024, with Key Player Analysis for Otis, KONE, Mitsubishi Electric, TK Elevator, Hyundai Elevator, FUJIHD Elevator, Hitachi, Kleemann and Akotex Elevator [Yahoo! Finance]Yahoo! Finance
- OTIS Q1 Earnings Beat, Organic Sales Up, '24 View Raised [Yahoo! Finance]Yahoo! Finance
OTIS
Earnings
- 4/24/24 - Beat
OTIS
Sec Filings
- 4/25/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 4/5/24 - Form ARS
- OTIS's page on the SEC website