2Mes·

When it comes to elevators, you either know Schindler $SCHN (-2,05%) from der🇨🇭, Kone $KNEBV (-1,31%) from 🇫🇮 or Thyssen Krupp $TKA (-0,29%) 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)


https://www.otisinvestors.com/news/news-details/2024/OTIS-REPORTS-SECOND-QUARTER-2024-RESULTS/default.aspx

attachment
16.08
Otis Worldwide logo
Acquistato x0,297 a 84,10 €
25,00 €
13
7 Commenti

immagine del profilo
It's always interesting to see which companies you get to know that you didn't have on your radar or didn't even know about.
6
immagine del profilo
As a shareholder in the MFH, I notice from the logo on the horrendous maintenance bills that our elevator is from Otis... I should immediately work out how many shares I would need to be able to pay for the dirty thing from the dividend.
2
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immagine del profilo
Is the order book at $SCHN actually called Schindler's List?
1
immagine del profilo
I have Kone, it hasn't been doing so well for 3 years, but I'm convinced of it in the long term. Elevators and escalators are a good business, as you can see from the long-term charts of the 3 big companies.
1
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immagine del profilo
Interesting business. But I always lack the imagination for much growth. But I'll take a closer look
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