Otis Elevator CEO Is 'Cautious' About 2022

The transcript discusses Otis's strong performance in 2021, with significant growth in revenue and profit. The company is cautious about 2022 due to challenges in the China real estate market, which is a key revenue source. Despite these challenges, Otis expects growth in its service sector. The company faces input cost pressures, particularly from steel, and is implementing strategies to manage these costs. Labor costs are also a focus, with productivity initiatives in place. Additionally, Otis is dealing with FX headwinds due to currency fluctuations, impacting its global operations.

What was the percentage growth in Otis's revenues in 2021?

• 10.2%

• 8.9%

• 7.3%

• 5.5%

What percentage of Otis's revenue comes from the Chinese market?

• 10%

• 15%

• 20%

• 25%

How many elevators are expected to be sold in China in 2022?

• 500,000

• 800,000

• 600,000

• 700,000

What is the main component of Otis's input costs in the new equipment business?

• Plastic

• Copper

• Aluminum

• Steel

What percentage of Otis's service business is labor?

• 80%

• 60%

• 50%

• 70%

What is the expected FX headwind impact on Otis's EPS guide?

• $0.11

• $0.05

• $0.07

• $0.09

Which currency is mentioned as a headwind for Otis?

• Canadian Dollar

• British Pound

• Australian Dollar

• Japanese Yen