OTIS Q1 Earnings Beat, Organic Sales Up, '24 View Raised [Yahoo! Finance]
Otis Worldwide Corporation (OTIS)
Company Research
Source: Yahoo! Finance
The top and bottom lines grew on a year-over-year basis. Its quarterly results reflected 14 consecutive quarters of organic sales growth and the results were marked by a high-teens growth in adjusted earnings per share (EPS). Thanks to the strength in modernization, the company witnessed orders growth of more than 10%, leading to mid-teens backlog growth. Otis has been leveraging its Service-driven business model and intends to focus on enhancing its operational performance and shareholder value through a capital-allocation strategy and pursue additional progress toward ESG goals. Abiding by its commitment to enhance shareholder value on the back of its accretive strategies, Otis announced a 14.7% hike in its quarterly dividend payment to 39 cents per share. The dividend will be paid on Jun 7, 2024, to shareholders as of May 17, 2024. Shares of this elevator and escalator manufacturing company inched up 0.3% in the pre-market trading session on Apr 24. Inside the Headlines
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OTIS
News
- Otis Furthers STEM Education in China with 160 Scholarships for Female Students [Yahoo! Finance]Yahoo! Finance
- Otis India Volunteers Create Urban Forests of Native Trees and Plants [Yahoo! Finance]Yahoo! Finance
- Otis Worldwide (NYSE:OTIS) Is Increasing Its Dividend To $0.39 [Yahoo! Finance]Yahoo! Finance
- Otis Wins Maintenance Portfolio with SMRT Trains, Singapore's Pioneer Rail OperatorPR Newswire
- A Dive into Otis Worldwide (OTIS) International Revenue Trends and Forecasts [Yahoo! Finance]Yahoo! Finance
OTIS
Earnings
- 4/24/24 - Beat
OTIS
Sec Filings
- 5/2/24 - Form DEFA14A
- 4/25/24 - Form 10-Q
- 4/24/24 - Form 8-K
- OTIS's page on the SEC website