OTIS - Dividend announcements

Otis delivers net sales growth of 6%, driven by Service with growth in all lines of business, led by repair Net sales up 6% and organic sales up 1%, driven by Service net sales up 11% with organic sales up 5%Repair net sales up 16% with organic repair sales up approximately 10%Modernization orders up 11% at constant currency, backlog up 32%, 30% at constant currencyNew Equipment orders up 1% at constant currency, backlog up 6%, 3% at constant currencyOperating cash flow of $413 million; adjusted free cash flow of $272 millionShare repurchases of approximately $400 millionFARMINGTON, Conn., April 22, 2026 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported first quarter 2026 net s

FARMINGTON, Conn., April 21, 2026 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.44 per share of Otis' common stock, representing a 5% increase. The dividend will be payable on June 12, 2026, to shareholders of record at the close of business on May 15, 2026. "With the continued strength of our Service driven business and the cash flows it generates, this dividend increase underscores our disciplined approach to capital allocation," said Judy Marks, Otis Chair, CEO and President. "Our dividend has increased approximately 120% since our spin in 2020, reflecting our focus on delivering attractive and sustainable returns t

FARMINGTON, Conn., Jan. 29, 2026 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.42 per share of Otis' common stock. The dividend will be payable on March 13, 2026, to shareholders of record at the close of business on February 13, 2026. About Otis Otis gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation, service and modernization of elevators and escalators, we move 2.5 billion people a day and maintain approximately 2.5 million customer units worldwide – the industry's largest Service portfolio. You'll find us in the world's most iconic stru

Otis delivers solid fourth quarter and full year results; announces 2026 outlook based on Service strategy momentum Fourth quarter 2025 Net sales up 3% and organic sales up 1%, driven by Service net sales up 8% with organic sales up 5%Maintenance and repair sales up 7% with organic sales up 4%Service operating profit margin up 100 bpsGAAP EPS up 13% and adjusted EPS up 11%Modernization orders up 43% at constant currency, backlog up 34%, 30% at constant currencyOperating cash flow and adjusted free cash flow of $817 millionFull year 2025 Service net sales up 6% with organic sales up 5%Service operating profit margin up 50 bpsGAAP EPS down 14% and adjusted EPS up 6%Operating cash flow and adju

FARMINGTON, Conn., Oct. 30, 2025 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.42 per share of Otis' common stock. The dividend will be payable on December 5, 2025, to shareholders of record at the close of business on November 14, 2025. About Otis Otis gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation and servicing of elevators and escalators, we move 2.4 billion people a day and maintain approximately 2.4 million customer units worldwide – the industry's largest Service portfolio. You'll find us in the world's most iconic structures, as

Otis delivers 6% organic Service sales growth with strong Service operating profit margin expansion, and increases the midpoint of 2025 EPS outlook Third quarter 2025 Net sales up 4% and organic sales up 2%, driven by Service net sales up 9% with organic sales up 6%Service operating profit margin up 70 bpsGAAP EPS down 29% and adjusted EPS up 9%Maintenance portfolio units up 4%Modernization orders up 27% at constant currency, backlog up 22%New Equipment orders up 4% at constant currency, up 7% excluding ChinaYear-to-date 2025 Service net sales up 6% with organic sales up 5%Service operating profit margin up 40 bpsGAAP EPS down 21% and adjusted EPS up 4%Operating cash flow of $779 million; ad

FARMINGTON, Conn., July 24, 2025 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.42 per share of Otis' common stock. The dividend will be payable on September 5, 2025, to shareholders of record at the close of business on August 15, 2025. About Otis Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2.4 billion people a day and maintain approximately 2.4 million customer units worldwide, the industry's largest Service portfolio. Headquartered in Connecticut, USA, Otis is 72,000 people strong, including 44,000 field professionals, all committed to manufacturing, in

Otis delivers mid-single digit organic Service sales growth and continued Service operating profit margin expansion and reconfirms 2025 EPS outlook Second quarter 2025  •  Service net sales up 6% with organic sales up 4%... Service operating profit margin up 20 bps •  GAAP EPS down 3% and adjusted EPS down 1% •  Maintenance portfolio units up 4% •  Modernization orders up 22% at constant currency, backlog up 19%, up 16% at constant currency •  New Equipment orders down 1% at constant currency, up 11% excluding China First half 2025  •  Service net sales up 4% with organic sales up 4%... Service operating profit margin up 20 bps •  GAAP EPS down 15% and adjusted EPS up 2% •  GAAP cash flow fr

Otis delivers mid-single digit organic Service sales growth and strong Service operating profit margin expansion Service net sales up 1% with organic sales up 4%GAAP operating profit margin down 350 bps, adjusted operating profit margin up 40 bpsGAAP EPS down 29% and adjusted EPS up 5%Maintenance portfolio units up 4%Modernization orders up 12%, backlog up 13%, up 14% at constant currencyGAAP cash flow from operations of $190 million; adjusted free cash flow of $186 millionShare repurchases of approximately $250 millionFARMINGTON, Conn., April 23, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported first quarter 2025 net sales of $3.3 billion with organic sales flat versus t

FARMINGTON, Conn., April 22, 2025 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.42 per share of Otis' common stock, representing an 8% increase. The dividend will be payable on June 6, 2025, to shareholders of record at the close of business on May 16, 2025. "We are pleased to announce a dividend increase for the fifth consecutive year, which demonstrates our commitment to creating value for our shareholders through our disciplined capital allocation strategy," said Judy Marks, Otis Chair, CEO and President. "Our dividend has increased approximately 110% since our spin in 2020, supported by the strength of our Service

FARMINGTON, Conn., Jan. 30, 2025 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.39 per share of Otis' common stock. The dividend will be payable on March 7, 2025, to shareholders of record at the close of business on February 14, 2025. About Otis Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2.4 billion people a day and maintain approximately 2.4 million customer units worldwide, the industry's largest Service portfolio. Headquartered in Connecticut, USA, Otis is 72,000 people strong, including 44,000 field professionals, all committed to manufacturing, inst

Otis delivers solid fourth quarter and full year results; announces 2025 outlook with sustained earnings growth driven by continued Service momentum Fourth quarter 2024 Net sales up 1.5% and organic sales up 1.9%, driven by Service sales up 7.6% and Service organic sales up 7.8%GAAP EPS up 6.3% and adjusted EPS up 6.9% with continued margin expansionMaintenance portfolio units increased 4.2%Modernization orders up 18%; backlog up 10%, 13% at constant currencyGAAP cash flow from operations of $690 million; adjusted free cash flow of $682 million; share repurchases of $200 millionFull year 2024 Net sales up 0.4% and organic sales up 1.4%, driven by Service sales up 5.9% and Service organic sal

FARMINGTON, Conn., Jan. 16, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) today announced that its Board of Directors has authorized the repurchase of $2 Billion of Common Stock under a share repurchase program, effective January 16, 2025. In conjunction with the new authorization, the Board of Directors cancelled the remaining approximately $100 million authorized under the prior program, approved December 1, 2022. Share repurchases may take place from time to time, subject to market conditions and at the company's discretion, in the open market, through privately negotiated transactions or other means. About OtisOtis is the world's leading elevator and escalator manufacturin

FARMINGTON, Conn., Oct. 31, 2024 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.39 per share of Otis' common stock. The dividend will be payable on December 6, 2024, to shareholders of record at the close of business on November 15, 2024. About Otis Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2.3 billion people a day and maintain approximately 2.3 million customer units worldwide, the industry's largest Service portfolio. Headquartered in Connecticut, USA, Otis is 71,000 people strong, including 42,000 field professionals, all committed to meeting the dive

Otis delivers continued strong Service performance with high single digit Service sales growth GAAP EPS up 47.3% and adjusted EPS up 1.1%Service net sales up 7.2% and Service organic sales up 7.7%Maintenance portfolio units increased 4.2%Mod orders up 3%, backlog up 14%, up 12% at constant currencyGAAP cash flow from operations of $394 million; adjusted free cash flow of $381 millionShare repurchases of $200 millionYTD GAAP EPS up 24.2% and YTD adjusted EPS up 8.2%, share repurchases of $800 millionUpdated full-year outlook1: adjusted EPS of ~$3.85 with ~6.5% Service organic sales growth and ~75 basis points of Service margin expansionFARMINGTON, Conn., Oct. 30, 2024 /PRNewswire/ -- Otis Wor

FARMINGTON, Conn., July 25, 2024 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.39 per share of Otis' common stock. The dividend will be payable on September 6, 2024, to shareholders of record at the close of business on August 16, 2024. About Otis Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2.3 billion people a day and maintain approximately 2.3 million customer units worldwide, the industry's largest Service portfolio. Headquartered in Connecticut, USA, Otis is 71,000 people strong, including 42,000 field professionals, all committed to meeting the diver

Otis delivers continued strong Service performance leading to mid-teens EPS growth GAAP EPS up 13.3% and adjusted EPS up 15.2% with continued margin expansionService net sales up 3.0% and Service organic sales up 5.1%Mod orders up 14%, backlog up 15%, up 17% at constant currencyMaintenance portfolio units increased 4.2%GAAP cash flow from operations of $308 million; adjusted free cash flow of $353 millionShare repurchases of $300 million1H GAAP EPS up 11.2% and adjusted EPS up 12.8%, GAAP operating profit margin expansion of 30 basis points and adjusted operating profit margin expansion of 100 basis points, share repurchases of $600 millionStrong execution on UpLift program; increasing expec

Otis continues to deliver mid-single digit organic Service growth and strong margin expansion 1Q Net sales up 2.7% and organic sales up 3.8% driven by Service net sales up 5.8% with organic sales up 6.5%1Q GAAP EPS up 8.9% and adjusted EPS up 10.0% with GAAP operating profit margin expansion of 50 basis points and adjusted operating profit margin expansion of 80 basis points1Q New Equipment orders down 10%, backlog down 2%, ~flat at constant currency1Q Mod orders up 13%, backlog up 14%, up 15% at constant currencyMaintenance portfolio units increased 4.1%1Q GAAP cash flow from operations of $171 million; adjusted free cash flow of $155 million1Q share repurchases of $300 millionUpdated full-

FARMINGTON, Conn., April 23, 2024 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.39 per share of Otis' common stock, representing a 14.7% increase. The dividend will be payable on June 7, 2024, to shareholders of record at the close of business on May 17, 2024. "We are pleased to announce this dividend increase, demonstrating our confidence in future cash flow generation driven by our Service-driven, customer centric business model," said Judy Marks, Otis Chair, CEO and President. "Having nearly doubled our dividend since spin, we consistently prioritize our shareholders through disciplined capital allocation while del

Highlights accelerating portfolio growth with Service sales growing mid-single digits or higher, while gaining share in New EquipmentOutlines medium-term outlook* with low to mid-single digit organic sales growth and over 10% annualized adjusted EPS growthPlans to return over $8 billion in capital to shareholders through dividends and share repurchases through 2028FARMINGTON, Conn., Feb. 15, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) is hosting its 2024 Investor Day at the New York Stock Exchange today, beginning at 9 a.m. ET. During the event, Otis leadership will provide updates on the industry and the company's medium-term outlook, including its long-term growth strategy,

FARMINGTON, Conn., Feb. 1, 2024 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.34 per share of Otis' common stock. The dividend will be payable on March 8, 2024, to shareholders of record at the close of business on February 16, 2024. About Otis Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2.3 billion people a day and maintain approximately 2.3 million customer units worldwide, the industry's largest Service portfolio. Headquartered in Connecticut, USA, Otis is 71,000 people strong, including 42,000 field professionals, all committed to meeting the diverse

Delivers strong fourth quarter and full year results; announces 2024 outlook with solid sales and earnings growth with continued Service momentum 4Q Net sales up 5.3% and organic sales up 3.8%; GAAP EPS up 11.3% and adjusted EPS up 16.0%4Q New Equipment orders up 3%; backlog up 2%4Q Mod orders up 11%; backlog up 15%Maintenance portfolio units up 4.2%FY Net sales up 3.8% and organic sales up 5.6%; GAAP EPS up 14.5% and adjusted EPS up 11.7%FY GAAP cash flow from operations of $1.6 billion; free cash flow of $1.49 billion; adjusted free cash flow of $1.53 billionAnnouncing 2024 outlook* with organic sales up 3 to 5%, adjusted earnings per share of $3.80 to $3.90 and adjusted free cash flow of

Delivers high-single digit organic sales growth in both segments and mid-single digit adjusted EPS growth 2Q Net sales up 6.7% and organic sales up 9.5%. GAAP EPS up 18.4% and adjusted EPS up 7.0%2Q New Equipment orders down 12%; backlog flat, adjusted backlog up 5% at constant currencyMaintenance portfolio units increased 4.2%; 2Q Mod orders up 16%, backlog up 14% at constant currency2Q GAAP cash flow from operations of $446 million; free cash flow of $409 million, or 109% of net incomeOtis launches UpLift program to improve operating model, with expected cost savings of $150 million within two yearsUpdated full-year outlook1 with sales up 3.5 to 5.5% at actual currency, adjusted EPS of $3.

Delivers solid first quarter results driven by mid-single digit organic Service growth and strong New Equipment orders performance 1Q Net sales down 2.0% and organic sales up 3.6%. GAAP EPS up 8.2% and adjusted EPS up 5.3%1Q New Equipment orders up 7.4%; NE backlog up 3%, adjusted backlog up 10% at constant currencyMaintenance portfolio units increased 4.2%1Q GAAP cash flow from operations of $278 million; free cash flow of $253 million, or 76% of net incomeUpdated full-year outlook1 with sales up 2.5 to 4.5% at actual currency, adjusted EPS of $3.40 to $3.50 and reiterating free cash flow of $1.5 to $1.55 billion. Full-year share repurchase target increased to $700 to $800 million.FARMINGTO

FARMINGTON, Conn., April 25, 2023 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.34 per share of Otis' common stock, which represents a 17.2% increase. The dividend will be payable on June 9, 2023, to shareholders of record at the close of business on May 19, 2023. "With confidence in our Service-driven strategy, which drives consistent cash flow generation, we are pleased to announce this increase in our dividend," said Judy Marks, Otis Chair, CEO and President. "This progress is a direct reflection of the importance we place on disciplined capital allocation and our commitments to Otis stakeholders." About OtisOtis is

FARMINGTON, Conn., Feb. 2, 2023 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.29 per share of Otis' common stock. The dividend will be payable on March 10, 2023, to shareholders of record at the close of business on February 17, 2023. About Otis Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2 billion people a day and maintain more than 2.2 million customer units worldwide, the industry's largest Service portfolio. Headquartered in Connecticut, USA, Otis is 69,000 people strong, including 41,000 field professionals, all committed to meeting the diverse needs

Delivers MSD fourth quarter organic growth and strong Service operating profit margin expansion; announces 2023 outlook supported by solid New Equipment backlog and 4.1% maintenance portfolio growth 4Q Net sales down 3.6% and organic sales up 6.1% with GAAP EPS up 9.2% and adjusted EPS up 4.2%4Q New Equipment orders up 4%; FY up 7%; backlog up 3%, adjusted backlog up 11% at constant currencyMaintenance portfolio units up 4.1%FY Net sales down 4.3% and organic sales up 2.5% with GAAP EPS up 2.4% and adjusted EPS up 7.5%FY GAAP cash flow from operations of $1.6 billion; free cash flow of $1.45 billion, or 115% of net incomeAnnouncing 2023 outlook* with organic sales up 4 to 6%, adjusted earnin

FARMINGTON, Conn., Oct. 27, 2022 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.29 per share of Otis' common stock. The dividend will be payable on December 10, 2022, to shareholders of record at the close of business on November 18, 2022. About OtisOtis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2 billion people a day and maintain more than 2.1 million customer units worldwide, the industry's largest Service portfolio. Headquartered in Connecticut, USA, Otis is 68,000 people strong, including 41,000 field professionals, all committed to meeting the diverse nee

Delivers solid third quarter results driven by mid-single digit organic Service growth 3Q Net sales down 7.6% and organic sales up 0.8%. GAAP EPS ~flat and adjusted EPS up 5.3%3Q New Equipment orders down 0.8%, up 7.4% excluding China; NE backlog ~flat, adjusted backlog up 12% at constant currency3Q Maintenance portfolio units were up 3.8%YTD GAAP cash flow from operations of $1.1 billion; free cash flow of $1.0 billion, or 106% of net incomeRevised full-year outlook1 with organic sales up 2.0 to 2.5%, adjusted EPS of $3.11 to $3.15 and free cash flow of $1.5 to $1.6 billion. Increased full-year share repurchase target to $850 million.FARMINGTON, Conn., Oct. 26, 2022 /PRNewswire/ -- Otis Wor

FARMINGTON, Conn., July 28, 2022 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.29 per share of Otis' common stock. The dividend will be payable on September 10, 2022, to shareholders of record at the close of business on August 19, 2022. About OtisOtis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2 billion people a day and maintain more than 2.1 million customer units worldwide, the industry's largest Service portfolio. Headquartered in Connecticut, USA, Otis is 70,000 people strong, include 41,000 field professionals, all committed to meeting the diverse needs

Delivers solid second quarter results with high teens New Equipment order growth, mid-single digit organic Service sales growth and low teens adjusted EPS growth 2Q Net sales down 5.8% and organic sales up 0.4%. GAAP EPS ~flat and adjusted EPS up 11.7%2Q New Equipment orders up 16.5%; NE backlog up 6%, adjusted backlog up 10% at constant currency2Q Maintenance portfolio units were up nearly 3.5%YTD GAAP cash flow from operations of $857 million; free cash flow of $800 million, or 127% of net incomeCompleted the delisting of Zardoya Otis and reached an agreement to divest our Russia business with closing expected imminentlyRevised full-year outlook1 with organic sales up 2.5 to 3.5%, adjusted

FARMINGTON, Conn., May 9, 2022 /PRNewswire/ -- Otis Worldwide Corporation ("Otis") (NYSE:OTIS) executed the squeeze out provision to acquire the remaining interest in Zardoya Otis, S.A. ("Zardoya Otis"). This completes the process of fully consolidating ownership of Zardoya Otis and results in the delisting of its shares from the Madrid, Barcelona, Bilbao and Valencia stock exchanges today. The transaction is expected to be 12 cents accretive to 2022 adjusted EPS, as outlined during Otis' first quarter 2022 earnings call. For further details, please see the announcement from the Madrid stock exchange here. About Otis Otis is the world's leading elevator and escalator manufacturing, installat

Delivers strong first quarter results including mid-single digit organic Service sales growth and high-single digit adjusted EPS growth 1Q Net sales up 0.2% and organic sales up 3.1% with GAAP EPS up 2.8% and adjusted EPS up 6.9%1Q New Equipment orders up 8.8%; backlog up 4%, up 6% at constant currency with growth in all regions1Q Maintenance portfolio units were up more than 3%1Q GAAP cash flow from operations of $504 million; free cash flow of $474 million, or 152% of net incomeCompleted $200 million in share repurchases and repaid $500 million of debtRevised full year outlook1, including prior year compares, to exclude Russia business2...expect 2022 organic sales to be up 3 to 4%, adjuste

FARMINGTON, Conn., April 22, 2022 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.29 per share of Otis' common stock, which represents a 20.8% increase. The dividend will be payable on June 10, 2022, to shareholders of record at the close of business on May 20, 2022. "Today's dividend increase demonstrates our commitment to disciplined capital management and our confidence in future cash flow growth," said Judy Marks, Otis Chair, CEO and President. "We have now raised the dividend by 45% since becoming a public company and will continue to drive value creation for our customers, colleagues, and shareholders." About Otis

FARMINGTON, Conn., April 8, 2022 /PRNewswire/ -- Otis Worldwide Corporation ("Otis") (NYSE:OTIS) received the results of its voluntary public tender offer to acquire the remaining 49.98% interest in Zardoya Otis, S.A. ("Zardoya Otis") it does not currently own. The Spanish National Securities Exchange Commission ("CNMV") announced acceptances of the tender offer representing 214,017,076 shares or 45.49% of shares outstanding, which will bring total Otis ownership of Zardoya Otis to 95.51%. The voluntary tender is expected to settle on April 12, 2022. Upon settlement, Otis will own more than 95% of the outstanding Zardoya Otis shares, and the company will execute a squeeze out provision to ac

FARMINGTON, Conn., March 1, 2022 /PRNewswire/ -- Otis Worldwide Corp. (NYSE:OTIS) today announced it has received approval from the Spanish National Securities Exchange Commission ("CNMV") for the voluntary public tender offer made by its wholly-owned subsidiary Opal Spanish Holdings, S.A. ("OSH"), to acquire the remaining 49.98% interest in Zardoya Otis, S.A. ("ZOSA") not currently owned by Otis. The price of the offer is 7.07 euros per share in cash. Otis plans to publish the regulatory announcement of the tender in the listing bulletins of the Spanish stock exchanges today. As such, the acceptance period is expected to begin on March 2 and to end on April 1. The transaction is structured

FARMINGTON, Conn., Feb. 15, 2022 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) is hosting its 2022 Investor Day virtually today, beginning at 9 a.m. ET. During the event, Otis leadership will provide updates on the industry and the company's medium-term outlook, including its long-term growth strategy, margin expansion drivers and capital allocation plans. Otis' Investor Day meeting, along with the corresponding presentation, can be accessed at www.otisinvestors.com. "We have made significant progress on executing our long-term strategy in the two years since spin, despite macro challenges. Between 2019 and 2021, we gained two points of New Equipment share, grew our Service portfoli

FARMINGTON, Conn., Feb. 3, 2022 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.24 per share of Otis' common stock. The dividend will be payable on March 10, 2022, to shareholders of record at the close of business on Feb. 18, 2022.  About Otis Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2 billion people a day and maintain approximately 2.1 million customer units worldwide, the industry's largest Service portfolio. Headquartered in Connecticut, USA, Otis is 70,000 people strong, including 41,000 field professionals, all committed to meeting the diverse needs

FARMINGTON, Conn., Jan. 31, 2022 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported full year net sales of $14.3 billion with 8.9% organic growth. GAAP diluted earnings per share (EPS) increased 38.9% to $2.89 and adjusted diluted EPS increased 19.4% to $3.01. "Otis delivered a strong fourth quarter, capping an excellent year as we continued to execute on our long-term strategy and provide innovative solutions and services to our customers. Despite ongoing macro challenges in 2021, we achieved consistent and broad-based organic sales growth and margin expansion, grew our maintenance portfolio at the highest rate in over 10 years and gained share in New Equipment for the second c

FARMINGTON, Conn., Dec. 21, 2021 /PRNewswire/ -- Otis Worldwide Corporation ("Otis") (NYSE:OTIS) today announced that its wholly-owned subsidiary, Opal Spanish Holdings, S.A.U. ("Opal"), has reached an agreement for Euro-Syns, S.A. to irrevocably tender its shares in the voluntary tender offer for Zardoya Otis, S.A. ("Zardoya Otis" or the "Company") at an offer price of €7.14 (€7.07 after adjusting for announced dividends). The price of Opal's tender will be subject to further adjustments for dividends and other distributions to be declared and paid by Zardoya Otis. The offer price pre-dividends (i.e., €7.21) represents a premium of 33% to the Company's one-month volume weighted average pric

FARMINGTON, Conn., Dec. 8, 2021 /PRNewswire/ -- Otis Worldwide Corp. (NYSE:OTIS), the world's leading company for elevator and escalator manufacturing, installation and service, today announced that its Board of Directors has elected Judy Marks as its Chair, effective February 3, 2022. Marks will also continue in her current role as President and Chief Executive Officer of Otis, a role she has held since June 2019. She will succeed Chris Kearney who has served as Executive Chair since Otis became an independent, publicly traded company in April 2020. He will remain on the Board. John Walker will continue in the role of Lead Independent Director. 

FARMINGTON, Conn., Nov. 4, 2021 /PRNewswire/ -- Otis Worldwide Corporation  ("Otis") (NYSE:OTIS) announced that its indirect wholly-owned subsidiary, Highland Holdings S.à r.l. (the "Issuer"), a private limited liability company (société à responsabilité limitée) incorporated under the laws of the Grand Duchy of Luxembourg, has successfully priced an offering of €500 million aggregate principal amount of 0.000% notes due 2023, €600 million aggregate principal amount of 0.318% notes due 2026 and €500 million aggregate principal amount of 0.934% notes due 2031. The offering is expected to close on November 12, 2021, subject to customary closing conditions.  Each series of notes will be fully

FARMINGTON, Conn., Oct. 28, 2021 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.24 per share of Otis' common stock. The dividend will be payable on December 10, 2021, to shareholders of record at the close of business on November 19, 2021.  About Otis Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2 billion people a day and maintain approximately 2.1 million customer units worldwide, the industry's largest Service portfolio. Headquartered in Connecticut, USA, Otis is 69,000 people strong, including 40,000 field professionals, all committed to meeting the diver

FARMINGTON, Conn., Oct. 25, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported third quarter 2021 net sales of $3.6 billion with 8.1% organic growth. GAAP operating profit of $542 million was up $88 million and margin expanded 110 basis points to 15.0%. Adjusted operating profit of $566 million was up $63 million and margin expanded 20 basis points to 15.6%. GAAP and adjusted diluted earnings per share (EPS) of $0.77 increased 26.2% and 11.6%, respectively. "Otis delivered another strong quarter with sales growth and margin expansion in both segments, a 3% increase in maintenance portfolio units and the third consecutive quarter of New Equipment orders growth. We also gener

FARMINGTON, Conn., July 29, 2021 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.24 per share of Otis' common stock. The dividend will be payable on September 10, 2021, to shareholders of record at the close of business on August 20, 2021.  About Otis Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2 billion people a day and maintain approximately 2.1 million customer units worldwide, the industry's largest Service portfolio. Headquartered in Connecticut, USA, Otis is 69,000 people strong, including 40,000 field professionals, all committed to meeting the

FARMINGTON, Conn., July 26, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported second quarter 2021 net sales of $3.7 billion with 15.4% organic growth. GAAP operating profit was up $145 million and margin expanded 150 basis points to 15.2%. Adjusted operating profit was up $115 million and margin expanded 40 basis points to 15.5%. GAAP diluted earnings per share (EPS) increased 46.2% to $0.76 and adjusted diluted EPS increased 41.1% to $0.79. "Otis had an excellent first half with positive momentum continuing in the second quarter as we executed our long-term strategy and delivered for our customers amid strengthening demand and recovery in our end markets. In addition to l

FARMINGTON, Conn., April 26, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported first quarter 2021 net sales of $3.4 billion with 10.3% organic growth. GAAP diluted earnings per share (EPS) increased 86.8% to $0.71 and adjusted diluted EPS increased 20.0% to $0.72. "Otis had an excellent start to the year. Our New Equipment orders were up high teens, including growth in every region, and we saw increased organic sales and margin expansion in both segments. Continued robust cash flow generation enabled us to buy back $300 million of shares early in the year," said President and CEO Judy Marks. "This positive momentum combined with continued progress in executing our strateg

FARMINGTON, Conn., April 19, 2021 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.24 per share of Otis' common stock, which represents a 20 percent increase over the prior quarter's dividend amount. The dividend will be payable on June 10, 2021, to shareholders of record at the close of business on May 21, 2021.  "This 20 percent dividend increase reflects confidence in our ability to generate strong free cash flow and drive value for shareholders," said President and CEO Judy Marks. About Otis Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2 billion people a

FARMINGTON, Conn., April 19, 2021 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.24 per share of Otis' common stock, which represents a 20 percent increase over the prior quarter's dividend amount. The dividend will be payable on June 10, 2021, to shareholders of record at the close of business on May 21, 2021.  "This 20 percent dividend increase reflects confidence in our ability to generate strong free cash flow and drive value for shareholders," said President and CEO Judy Marks. About Otis Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2 billion people a d

FARMINGTON, Conn., Feb. 4, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.20 per share of Otis' common stock. The dividend will be payable on March 10, 2021, to shareholders of record at the close of business on February 12, 2021.  About OtisOtis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2 billion people a day and maintain more than 2 million customer units worldwide, the industry's largest Service portfolio. Headquartered in Connecticut, USA, Otis is 69,000 people strong, including 40,000 field professionals, all committed to meeting the diverse needs of

FARMINGTON, Conn., Feb. 1, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported fourth quarter 2020 net sales of $3.5 billion with 1.3% organic growth. GAAP diluted earnings per share (EPS) increased 16.0% to $0.58 and adjusted diluted EPS increased 40.4% to $0.66. Full year net sales of $12.8 billion decreased 2.1% organically with GAAP diluted EPS decreasing 19.4% to $2.08 and adjusted diluted EPS increasing 12.5% to $2.52. "Otis delivered a strong fourth quarter, ending a solid first year as an independent company. We returned to growth in the quarter while continuing to grow share, expand adjusted margin and generate robust cash flow demonstrating the dedication of our