Otis Worldwide (OTIS)
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OTIS REPORTS SECOND QUARTER 2024 RESULTS
Prnewswire· 2024-07-24 18:05
文章核心观点 - 奥的斯公司第二季度业绩表现强劲,服务业务表现出色,带动整体中高个位数的每股收益增长 [2][4] - 公司继续执行现代化战略,新订单和订单总额均实现两位数增长 [4] - 基于良好的业绩表现,公司上调了全年每股收益预期 [4] 服务业务 - 服务业务第二季度销售额增长3.0%,有机销售额增长5.1% [15][17] - 服务业务利润增加39百万美元,利润率提升110个基点至24.7% [18] - 维保和现代化业务有机销售均实现中单位数增长 [17] 新设备业务 - 新设备业务第二季度销售额下降11.4%,主要受中国市场拖累 [12] - 新订单下降11%,但EMEA和亚太地区有所增长 [14] - 新设备业务利润下降9百万美元,但利润率提升30个基点至7.7% [13] 现金流 - 第二季度经营活动现金流为308百万美元,自由现金流为353百万美元 [20] - 上半年自由现金流为508百万美元,同比下降179百万美元 [20] 2024年展望 - 预计全年有机销售增长1%-3%,其中服务业务有机销售增长6%-7% [22] - 预计全年调整后每股收益3.85-3.90美元,同比增长9%-10% [22] - 预计全年自由现金流约15-16亿美元 [22]
Otis Worldwide (OTIS) - 2024 Q2 - Quarterly Results
2024-07-24 18:03
财务业绩 - 公司第二季度净销售额为36.01亿美元,同比下降3.2%[3] - 第二季度GAAP每股收益增长13.3%至1.02美元,调整后每股收益增长15.2%至1.06美元[3][9] - 公司全年调整后每股收益预期为3.85美元至3.90美元,较上年增长9%至10%[19] - 公司调整后自由现金流预期为15亿美元至16亿美元[19] - 2024年第二季度和上半年的调整后净收益分别为4.28亿美元和7.89亿美元,同比增长11.8%和9.9%[38,39] - 2024年第二季度和上半年的调整后每股收益分别为1.06美元和1.94美元,同比增长15.2%和12.8%[40] 业务表现 - 服务业务净销售额增长3.0%,有机销售额增长5.1%[15] - 维护组合单元增加4.2%[4] - 新装订单增长14%,订单总额增长15%,按固定汇率计算增长17%[4] - 新装业务净销售额下降11.4%,主要受中国市场拖累[12] - 服务业务营业利润增长39百万美元,营业利润率提升110个基点至24.7%[15][16] - 2024年第二季度新设备、服务、维修保养和现代化业务的销售额同比分别下降11.4%、增长3.0%、增长2.9%和增长3.6%[44] - 2024年6月30日新设备订单和现代化订单的增长率分别为-4%和15%[47,48] - 2024年第二季度和上半年新设备、服务和整体调整后营业利润在汇率不变的情况下分别增长-5.0%、10.2%和6.4%[49,50,51,52,53,54] 非GAAP指标 - 公司采用"常货币"和"自由现金流"等非GAAP指标来反映公司的经营业绩[23] - 公司使用"调整后自由现金流"来衡量公司的流动性和为各项活动提供资金的能力[23] - 公司提供了调整后净收入、每股收益和有效税率等非GAAP指标[37] - 2024年第二季度和上半年的调整后营业利润分别为6.13亿美元和11.74亿美元,同比增长3.9%和5.9%[38] - 2024年第二季度和上半年的调整后有效税率分别为20.1%和22.9%,同比下降4.9个百分点和2.8个百分点[41] - 公司2024年第二季度和上半年的调整后自由现金流分别为3.53亿美元和5.08亿美元[59] 财务状况 - 2024年6月30日的现金及现金等价物为12.74亿美元[55] - 2024年6月30日的总负债为147.40亿美元,总权益为-49.34亿美元[55,56,57] - 公司2024年第二季度和上半年的营业活动现金流分别为3.08亿美元和4.79亿美元[58] - 公司2024年第二季度和上半年的自由现金流分别为2.84亿美元和4.24亿美元[59] - 公司2024年第二季度和上半年的净收入分别为4.5亿美元和8.24亿美元[58] - 公司2024年第二季度和上半年的折旧和摊销费用分别为4,100万美元和8,500万美元[58] 其他 - 公司的分部经营利润不包括某些未分配至分部的费用和收入[33][34][35] - 2024年第二季度和上半年营业利润中包含了与某些法律事项相关的和解费用[36]
OTIS Gears Up to Report Q2 Earnings: Key Factors to Consider
ZACKS· 2024-07-23 00:42
Otis Worldwide Corporation (OTIS) is scheduled to report second-quarter 2024 results on Jul 24, before the opening bell.In the last reported quarter, OTIS’ earnings beat the Zacks Consensus Estimate by 1.1% and rose 10% year over year. Net sales lagged the consensus mark by 0.2% but gained 2.7% year over year.Otis’ earnings topped the consensus mark in each of the last 17 quarters.Trend in Estimate RevisionFor the quarter to be reported, the Zacks Consensus Estimate for earnings per share has been stable at ...
Otis Appoints Cristina Méndez Executive Vice President & Chief Financial Officer
Prnewswire· 2024-07-19 20:29
She succeeds Anurag Maheshwari to lead financial activities at Otis FARMINGTON, Conn., July 19, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) announces the appointment of Cristina Méndez as Executive Vice President & Chief Financial Officer, reporting directly to Otis Chair, CEO & President, Judy Marks. Effective August 23, Méndez will succeed Anurag Maheshwari, who is pursuing an opportunity outside Otis.  "Cristina has deep expertise in financial management and extensive experience leading ...
OTIS Set to Enhance Sydney Metro - Western Sydney Airport
ZACKS· 2024-07-12 02:46
Otis Worldwide Corp. (OTIS) , a global leader in elevator and escalator manufacturing, installation, and service, has been awarded a significant contract for the Sydney Metro – Western Sydney Airport project. The company will install 40 520NPE public escalators and 21 Gen3 and Gen2 elevators for the driverless metro railway line.The Sydney Metro – Western Sydney Airport project is an ambitious 23-kilometre driverless metro line featuring six new stations. Once completed, it will serve as a crucial transport ...
Otis Second Quarter 2024 Earnings Advisory
Prnewswire· 2024-07-10 19:01
FARMINGTON, Conn., July 10, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, July 24, 2024, at 8:30 a.m. ET. Otis Chair, CEO & President Judy Marks and Executive Vice President & CFO Anurag Maheshwari will discuss the company's second quarter results and 2024 outlook.We encourage you to join through our webcast link. A corresponding presentation and news release will be available on www.otis.com prior to the call and a recording will be available on the ...
Otis Worldwide (OTIS) to Offer Equipment & Servicing in Hanoi
ZACKS· 2024-07-09 00:25
Otis Worldwide Corporation’s (OTIS) Vietnam subsidiary is selected by Masterise Homes for new elevator equipment and servicing in the residential project, LUMIERE Evergreen, in Hanoi.Otis Vietnam will be responsible for installing four SkyRise and 24 Arise elevators in the 40-storey high-rise apartment by October 2025. This will be accompanied by the company servicing the elevators through June 2028. The SkyRise elevators amalgamate Otis Worldwide’s industry-leading technologies with space-saving design, ma ...
Here's Why Otis Worldwide (OTIS) is a Strong Momentum Stock
ZACKS· 2024-06-17 22:51
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Style S ...
Otis Publishes 2023 ESG Report
Prnewswire· 2024-06-13 04:45
Reinforces commitment to ESG in support of its business strategyFARMINGTON, Conn., June 12, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) published its 2023 ESG Report, describing its Environmental, Social and Governance (ESG) strategy and outlining progress on its 13 ESG goals.The Otis ESG strategy focuses on the key areas of Health & Safety, Environment & Impact, People & Communities, and Governance & Accountability. Progress made in each helps to drive value for stakeholders and to advance ...
Otis Worldwide's (OTIS) Strategic Initiatives Aid Amid Cost Woes
ZACKS· 2024-06-13 00:21
Otis Worldwide Corporation (OTIS) is benefiting from solid Service segment performance thanks to strong repair volumes & maintenance pricing and strength of modernization. Also, strategic investments in research and development and digital initiatives, fostering its innovation capabilities, bode well.The company introduced new product innovations in the first quarter of 2024 and will continue to collaborate with dealers, agents and distributors to expand sales channels and increase market share.This Zacks R ...