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Remaining Performance Obligations
Indicates the total value of contracted work that has yet to be completed, providing a glimpse into future revenue streams and business stability.Otis Worldwide's remaining performance obligations have shown a consistent upward trend, reflecting strong demand and a growing backlog, which increased by 14% at constant currency. Despite challenges in new equipment sales, particularly in China and the Americas, the company's focus on modernization and service growth is evident. The earnings call highlights a robust service-driven business model, with modernization orders up 12% and a 4% expansion in the maintenance portfolio, supporting future revenue stability and growth. This strategic focus is crucial as Otis navigates tariff impacts and regional market weaknesses.
Date | Remaining Performance Obligations |
|---|---|
Mar 31, 2025 | $18.60B |
Dec 31, 2024 | $17.60B |
Sep 30, 2024 | $18.60B |
Jun 30, 2024 | $18.20B |
Mar 31, 2024 | $18.10B |
Dec 31, 2023 | $17.50B |
Sep 30, 2023 | $17.60B |
Jun 30, 2023 | $18.30B |
Mar 31, 2023 | $17.90B |
Dec 31, 2022 | $17.20B |