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Welcome to Otis' fourth quarter 2024 earnings conference call. On the call with me today are Judy Marks, chair, CEO, and president; and Cristina Mendez, executive vice president and CFO.
Otis reported sales growth of 1.5% Y/Y to $3.675 billion, beating the analysts estimate of $3.64 billion, aided by Service segment. Organic sales grew 1.9% in the quarter.
Otis elevator in Glasgow, Scotland, imported from the U.S. in 1856 for Gardner's Warehouse, the oldest cast-iron fronted building in the British Isles [7] Otis founded the Otis Elevator Company in Yonkers, New York, in 1853. When he died in 1861 his sons Charles and Norton formed a partnership and continued the business.
OTIS earnings call for the period ending June 30, 2024. OTIS earnings call for the period ending June 30, 2024. ... Service sales were $2.2 billion with organic sales growth of 5.1%, marking over ...
A destination dispatch elevator, here using a Compass system from Otis.. Destination dispatch is an optimization technique used for multi-elevator installations, in which groups of passengers heading to the same destinations use the same elevators, thereby reducing waiting and travel times.
The Toledo-based Haughton Elevator company referred to their product as simply Moving Stairs. The Otis trademark is no longer in effect. Kone and Schindler introduced their first escalator models several decades after the Otis Elevator Co., but grew to dominate the field over time. Today, Mitsubishi and ThyssenKrupp are Otis's
Otis forecast 2025 profit below estimates and missed fourth-quarter profit expectations on Wednesday on sustained weakness in demand for new equipment in China, sending the shares of the elevator ...
He installed the first safety elevator for passenger service at the E. V. Haughwout Building in New York City in 1857. [ 6 ] [ 2 ] [ 5 ] In his spare time, he designed and experimented with his old designs of bread-baking ovens and train brakes, and patented a steam plow in 1857, a rotary oven in 1858, and, with Charles, the oscillating steam ...