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-1.26095295262625E-06 -0.000946975667390952 0.000944453761485699 6.17866946765357E-05 0.00113359670437336 0.00535778909553098 0.00283588319036217 0.00283588319036217
Stock impact report

Otis Worldwide: Lackluster Margin Progress Is A Notable Headwind [Seeking Alpha]

Otis Worldwide Corporation (OTIS) 
Company Research Source: Seeking Alpha
Otis has continued to lag the broader industrial space and rival elevator companies, with weaker China and multifamily markets and disappointing service leverage contributing to the underperformance. Service business execution and modernization activity are critical to OTIS's margin expansion, but progress has lagged expectations, tempering the long-term outlook. I see OTIS as fairly valued, with upside contingent on improving end markets, stronger service attach rates, and clearer margin improvement. Sarah Mason/DigitalVision via Getty Images It's been a while since I've updated my thoughts on leading elevator manufacturer Otis Worldwide ( OTIS ). Since late 2022, the company has struggled to make sustained progress in two of its key drivers—service attach rates and overall margins—and the result Show less Read more
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