earnings
Otis Hosting Call for Third-Quarter Results
Otis Worldwide Corp. is planning to host a conference call on October 25 at 8:30 a.m. ET. Otis Chair, CEO and President Judy Marks and Executive Vice President and CFO...
Otis Reports Second Quarter 2023 Earnings Results
Otis Worldwide Corp. reported second quarter 2023 net sales of US$3.7 billion with 9.5% organic growth. GAAP (Generally accepted accounting principles) diluted earnings per share (EPS) of US$0.90 was up...
Alimak Group Releases Midyear Results
Global provider of vertical-access solutions Alimak Group has published its interim report for January-June 2023. CEO Ole Kristian Jødahl and Chief Financial Officer Sylvain Grange presented and commented on the...
KONE Earnings: Strong Service Business Helps Offset Weak China, North America Markets
In its half-year financial report for January-June, KONE Corp. said strong service business performance is helping offset "challenging market dynamics" in China and a North America market that has "declined...
Inovance Earning Soar to US$3.4 Billion on Strong Industrial Automation Growth
Global industrial automation specialist Inovance, headquartered in Shenzhen, China, on June 9 reported 2022 annual earnings of US$3.4 billion, reflecting 28% year-on-year revenue growth. The company has a strong presence...
With Strong NE Sales, Otis Delivers Solid Q1 Results
On April 26, Otis reported first-quarter (Q1) net sales of US$3.3 billion, with 3.6% organic growth. At $0.79, earnings per share (EPS) were up 8.2% versus 2022. While Q1 net...
Q1 Profit, Orders Buoy KONE Outlook
Strong modernization demand, a thriving service business and the easing of supply chain disruptions brought about by the COVID-19 pandemic contributed to Finnish OEM KONE's first-quarter (Q1) profit beating market...
Schindler’s 1Q 2023 Profit Beats Analysts’ Estimates
Swiss OEM Schindler reported net profit of CHF212 million (US$237.4 million) for the 1st quarter of 2023 ending on March 31, beating analysts' estimates of CHF166.5 million (US$186.4 million), Today...
KONE to Cut Up To 1,000 Jobs Globally
As part of an organizational restructuring announced on January 26 with its latest earnings, KONE said it will cut up to 1,000 jobs globally — 150 in its native Finland,...
Hyundai Elevator Reports First Quarterly Loss Since 1996
Hyundai Elevator Co., South Korea’s No. 1 elevator producer, announced in August a quarterly operating loss for the first time since it was listed on the main bourse Korea Composite...
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