3 Stocks Built on Recurring Revenue That Could Keep Growing for Decades
Otis Worldwide (OTIS) reported Q3 service revenue growth of 8% to $2.616B, with adjusted EPS at $1.05. Despite a 20% decline in China's new equipment sales, maintenance and modernization sales rose. The stock is down 11.48% over the past year. Rollins (ROL) reported 100 consecutive quarters of revenue growth, but shares are down 36.05% year-to-date. Republic Services (RSG) saw Q3 revenue growth of 8.24% to $4.559B, with high customer retention and consistent dividend increases.

