$OTIS

Waste Management (WM) and Republic Services (RSG) reported 5.7% core pricing, expanding EBITDA margins. Rollins (ROL) saw commercial revenue grow 8.6%, despite a 45% stock decline. Cintas (CTAS) reported 10.9% revenue growth, record margins. Otis Worldwide (OTIS) saw service revenue grow 11%. All companies have strong dividend histories.

Otis Worldwide CEO Judy Marks will retire by July 31, 2027. The company's board is searching for a successor, considering both internal and external candidates. Marks has led Otis since 2016 and will serve as an adviser if a successor is named earlier. Otis shares fell 1.4% in early trading.

Otis Worldwide Corp (OTIS) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Exhibit 99.1 For Immediate Release Otis Implements Long-Standing CEO Succession Plan Judy Marks to Retire in 2027 as Board Chair, CEO, and President FARMINGTON, Conn., Sept. 15, 2026 — Otis Worldwide Corporation (NYSE: OTIS), the world’s leading elevator and escalator manufacturi

General industrial machinery stocks reported strong Q2 revenues, beating estimates by 2.6%. Otis (OTIS) reported $3.86B revenue, up 7.3% YoY. Columbus McKinnon (CMCO) saw 125% revenue growth. Albany (AIN) missed estimates, down 3.1%. Dover (DOV) missed expectations by 0.8%. JBT Marel (JBTM) met revenue expectations but missed EPS guidance. Stocks in the sector are down 5.5% on average since earnings.

China's Tianjin 117 Tower, the world's tallest unoccupied building, will feature the world's longest elevators, according to Otis. The 600-meter tower will have 251 elevators, including two SkyRise models with 597-meter hoistways. Otis, based in Connecticut, was chosen as the sole provider for the vertical transportation system. The tower is expected to become China's third-tallest building upon completion.

Otis Worldwide (OTIS) cut its full-year adjusted EPS forecast due to higher labor, productivity, and investment costs, plus weaker new equipment demand in China. The article cites a $72.63 share price, with YTD return down 17.78% and 1-year total shareholder return down 15.14%. It also references a fair value estimate of $88.58.

Otis is trying to regain investor confidence after its shares fell about 15% YTD, CNBC reports. Analysts cite weaker service performance and investor focus on AI. Otis says long-term demand is driven by urbanization and modernization. Service is its main profit engine, with service margin 25.5% in 2025, down in Q1 2026, and it cut profit guidance.

Otis, the elevator company spun off from United Technologies, reported 2025 revenue of over $14B and said service drives over 90% of profits. Service margins rose to 25.5% by end-2025 but fell in Q1 2026 as retention declined. Otis plans $50M in 2026 service investments and cut profit guidance. Kone’s $35B TK Elevator deal may reshape competition.

India’s Supreme Court held passenger elevators are “common carriers,” requiring a heightened duty of care from manufacturers and maintenance contractors. In a fatal 20 March 2003 lift accident at RAW, New Delhi, the Court upheld NCDRC’s joint and several liability and its apportionment: OTIS 70%, MES 25%, RAW 5%. NCDRC awarded ₹3,01,48,195 with interest.

India’s Supreme Court upheld liability of OTIS Elevator Company (India) Ltd. for the 2003 death of R&AW officer Vipin Handa in a lift malfunction at R&AW headquarters. The court dismissed OTIS’s appeal against a National Consumer Commission award of Rs 3.01 crore plus interest, assigning 70% to OTIS, 25% to MES and 5% to R&AW, citing unaddressed voltage fluctuation defects.