Market Movers (8-K)
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Otis Worldwide Corporation reported strong Q2 2026 results with net sales up 7% and organic sales up 6%, driven by robust Service segment performance.
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Otis Worldwide Corporation shareholders re-elected all director nominees and approved executive compensation at the 2026 Annual Meeting.
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Otis Worldwide Corporation announced the issuance of $700 million in 4.488% Notes due 2029 to refinance existing debt and for general corporate purposes.
Capital raise
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Otis Worldwide Corporation announced first quarter 2026 results with net sales up 6% to $3.6 billion, driven by strong Service performance, while navigating cost headwinds.
Delay expected
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Otis Worldwide Corporation announced solid fourth quarter and full year 2025 results, driven by strong Service segment performance, and provided a positive outlook for 2026.
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Otis Worldwide Corporation announced the appointment of Enrique Miarro Viseras as its new Chief Operating Officer, effective January 16, 2026, with a significant compensation package.
Quarterly Earnings (10-Q)
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Otis Worldwide Corporation reports increased net sales and operating profit for Q2 2026, driven by strong performance in its Service segment, despite a slight decline in New Equipment.
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Otis Worldwide Corporation reported a 6% increase in net sales for Q1 2026, driven by strong service revenue, while net income attributable to Otis increased to $340 million.
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Otis Worldwide Corporation reports mixed Q3 2025 results with strong service segment growth, but a decline in new equipment sales and lower net income due to higher interest and tax expenses.
Capital raise
Worse than expected
NYSE
Otis Worldwide Corporation reported a decline in second-quarter net income and diluted EPS, primarily due to a significant drop in New Equipment sales, while its Service segment continued to deliver strong organic growth and margin expansion.
Worse than expected
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Otis Worldwide Corporation's Q1 2025 net sales decreased slightly, impacted by foreign currency translation and restructuring activities, while the company continues its UpLift transformation program.
Worse than expected
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Otis Worldwide Corporation's Q3 2024 results show a significant increase in net income, primarily due to a favorable ruling in a German tax litigation.
Better than expected
Annual Reports (10-K)
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Otis Worldwide Corporation reports 1% net sales growth in 2025, driven by strong Service segment performance offsetting New Equipment declines, particularly in China.
Worse than expected
Capital raise
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Otis Worldwide Corporation's 2024 10-K filing reveals a slight increase in net sales, driven by Service segment growth, offset by a decline in New Equipment sales, and details strategic initiatives like UpLift and challenges from global macroeconomic conditions.
Worse than expected
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10-K: Otis Worldwide Corporation Details Registered Securities and Corporate Governance in 10-K Filing
Otis Worldwide Corporation's 10-K filing details the company's registered securities, including common stock and notes, along with corporate governance policies and debt obligations.
Insider Trading (Form 4)
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Christopher J Kearney, a Director of Otis Worldwide Corp, received 291 shares of common stock on August 3, 2026.
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Otis Worldwide Corp. executive Joseph Jay Armas reported transactions involving restricted stock units and common stock.
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Otis Worldwide Corporation director Thomas A. Bartlett acquired 2,716.256 deferred stock units as part of his annual director compensation.
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Director Christopher J. Kearney acquired 2,590.89 deferred stock units as part of his annual director compensation.
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Director Shelley Stewart Jr. acquired 2,590.89 deferred stock units as part of his annual director compensation package.
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Director John H. Walker acquired 4,805.683 deferred stock units in Otis Worldwide Corp as part of his annual director compensation.
Proxy Statements (Def-14A)
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Otis Worldwide Corporation reports solid 2025 financial performance driven by service and modernization growth, alongside significant corporate governance enhancements and executive compensation reforms.
Better than expected
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Otis Worldwide Corporation encourages shareholders to vote their shares before the upcoming Annual Meeting of Shareholders on May 15, 2025, and provides information on how to access proxy materials and voting instructions.
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Otis Worldwide Corporation has filed a definitive proxy statement with the SEC.
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Otis Worldwide Corporation demonstrates strong financial performance in 2024, driven by Service business growth and strategic execution.
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Otis Worldwide Corporation encourages shareholders to vote their shares before the Annual Meeting on May 16, 2024, and provides information on how to access proxy materials and voting instructions.
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Otis Worldwide Corporation has filed a definitive proxy statement with the SEC.
Schedule 13G - Passive Investments
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Vanguard Capital Management has reported a beneficial ownership of 7.48% in Otis Worldwide Corp's common stock as of March 31, 2026.
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Vanguard Portfolio Management has reported a beneficial ownership of 5.08% in Otis Worldwide Corp's common stock as of March 31, 2026.
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The Vanguard Group has filed an amended Schedule 13G, indicating it no longer holds beneficial ownership in Otis Worldwide Corp following an internal realignment.
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JPMorgan Chase & Co. has reported a 2.4% beneficial ownership stake in Otis Worldwide Corporation, holding nearly 9.5 million shares.
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The Vanguard Group has reported a 12.3% passive beneficial ownership stake in Otis Worldwide Corp, holding 48,584,108 shares of common stock.
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JPMorgan Chase & Co. has filed an Amendment No. 2 to its Schedule 13G, disclosing a continued beneficial ownership of 5.5% in Otis Worldwide Corporation as of June 30, 2025.