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.
Read the full article on Seeking Alpha
For further details see:
Otis: An Industrial Capital-Light Business Generating Enormous Free Cash Flows