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Otis Worldwide Corp (OTIS) CEO Judith Marks on Q1 2020 Results - Earnings Call Transcript

May 07, 2020 9:05 PM ETOtis Worldwide Corporation (OTIS) Stock
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Otis Worldwide Corp (NYSE:OTIS) Q1 2020 Earnings Conference Call May 7, 2020 10:00 AM ET

Company Participants

Stacy Laszewski - VP, Financial Planning & Analysis & IR

Judith Marks - President, CEO & Director

Rahul Ghai - VP & CFO

Conference Call Participants

Jeffrey Sprague - Vertical Research Partners

Julian Mitchell - Barclays Bank

Steve Tusa - JPMorgan Chase & Co.

Carter Copeland - Melius Research

Cai von Rumohr - Cowen and Company

Nigel Coe - Wolfe Research


Good morning, and welcome to Otis' First Quarter 2020 Earnings Conference Call. This call is being carried live on the Internet and recorded for replay. Presentation materials are available for download from Otis website at www.otis.com.

I'll now turn the call over to Stacy Laszewski, Vice President of FP&A and Investor Relations.

Stacy Laszewski

Thank you, Angela, and good morning to everyone. Welcome to Otis' First Quarter 2020 Earnings Call. On the call with me today are Judy Marks, President and Chief Executive Officer; and Rahul Ghai, Executive Vice President and Chief Financial Officer.

Please note, except where otherwise noted, the company will speak to results from continuing operations, excluding restructuring and other significant items. The company will also refer to adjusted results where adjustments were made as though Otis was a stand-alone company in the current period and prior year. A reconciliation of these measures can be found in the appendix of the webcast.

We also remind listeners that the presentation contains forward-looking statements, which are subject to risks and uncertainties. Otis' SEC filings, including its registration statements on Form 10 and Form S-3 and its Form 10-Q, provide details on important factors that could cause actual results to differ materially.

With that, I'd like to turn the call over to Judy.

Judith Marks

Thank you, Stacy, and good morning, everyone. We hope that

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