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Otis Worldwide Corporation (OTIS) Q2 2023 Earnings Call Transcript

Jul. 26, 2023 11:38 AM ETOtis Worldwide Corporation (OTIS)
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Otis Worldwide Corporation (NYSE:OTIS) Q2 2023 Earnings Conference Call July 26, 2023 8:30 AM ET

Company Participants

Michael Rednor - Senior Director of Investor Relations

Judy Marks - Chair, Chief Executive Officer and President

Anurag Maheshwari - Executive Vice President and Chief Financial Officer

Conference Call Participants

Nigel Coe - Wolfe Research

Julian Mitchell - Barclays

Steve Tusa - JPMorgan

Jeffrey Sprague - Vertical Research Partners

Nick Housden - RBC Capital Markets

Josh Pokrzywinski - Morgan Stanley

Joe O'Dea - Wells Fargo

Gautam Khanna - TD Cowen


Good morning, and welcome to Otis Second Quarter 2023 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 it over to Michael Rednor, Senior Director of Investor Relations.

Michael Rednor

Thank you, Liz. Welcome to Otis' second quarter 2023 earnings conference call.

On the call with me today are Judy Marks, Chair, CEO and President; and Anurag Maheshwari, Executive Vice President and CFO.

Please note, except where otherwise noted, the company will speak to results from continuing operations excluding restructuring and significant non-recurring items. 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 our Form 10-K and quarterly reports on Form 10-Q, provide additional details on important factors that could cause actual results to differ materially.

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

Judy Marks

Thank you, Mike, and thank you everyone for joining us. We hope everyone listening is safe and well.

Starting with the second quarter highlights on Slide 3. Otis delivered a strong second quarter and a successful first

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