When it comes to elevators, you either know Schindler $SCHN (-1%) from der🇨🇭, Kone $KNEBV (-2.95%) from 🇫🇮 or Thyssen Krupp $TKA (+3.88%) from 🇩🇪.
But the market leader is Otis from 🇺🇸 and in fact most of the apartment buildings that have been built recently in my city have an Otis elevator. The difference to the others, the Otis elevators have a fancy display with weather forecast and news ticker. If I hadn't invested here, I probably would never have noticed which manufacturer the elevator is from.
Otis Earnings July 2024
- Earnings per share increased by 15.2 % to $1.06 compared to the previous year
- Treasury shares bought back for $300 million
- Dividend at 1.56% ($0.39 per quarter)
