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SHLRF - Otis: An Industrial Capital-Light Business Generating Enormous Free Cash Flows
Schindler Hldg Ag Akt
2024-02-04 04:52:17 ET
Summary
Otis is a global leader in the elevator and escalator manufacturing industry with a resilient and cash-generating business model.
The company's revenue stream is primarily driven by high-margin services, which generate recurring revenue and contribute to its excellent profitability.
Otis reported positive Q4 earnings, with net sales up 5.3% and organic sales growth of 3.8%, demonstrating the strength of its service business.