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Analyst
Nick Housden
Period: Reporting periods mapped to calendar 2024 Q4 – 2025 Q4 (5 quarters; questions recorded in 4).
- Questions
- 6on tracked calls
- Challenge rate
- 17%1 of 6 questionsLimited sample
- Companies
- 2questioned at least once
- Reporting periods
- 4with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 6 of 6 questions from 2 companies
OTISOtis Worldwide4 questions · 3 reporting periods · 1 of 4 challenging
Calendar 2025 Q4
it'd be good just to kind of understand how you think about the annual growth potential in that business in the next couple of years
Show response
Judy guided mod revenue in teens for 2026 and beyond. Mix of volume business and major multi-year projects (Transport for London). 30% backlog won't fully convert in one year. Market grew 13% in 2025. Introduced phased packages (Arise in EMEA) expanding addressable market beyond full replacements.
I'm just wondering what it will take to get back to the kind of 10% plus ambitions that you've previously discussed at Investor Days
Show response
Judy openly admitted conservative start. Cristina detailed midpoint = 6% ($0.23): operational component $0.15 (up from $0.09 in 2025), FX $0.08 favorable (assuming EUR $1.18, spot $1.20), below-the-line roughly flat. Higher interest expense from refinancing offset by buybacks ($800M) and lower tax (24.5%).
Calendar 2025 Q1
I was hoping you could just discuss some of the one-off costs that you have in operating profit beyond the restructuring programs that you've previously communicated?
Show response
Cristina detailed: $66M restructuring (in line with $250M annual guide), $52M German tax case indemnification to RTX, $21M legal settlements, $10M held-for-sale impairment. All adjusted from operating profit.
Calendar 2024 Q4
If we think about the 4.2% growth in the installed base, is it possible to break this down into New Equipment conversions, retention recapture and then also Mod conversions?
Show response
Judy explained on-portfolio Mod is retention (net neutral) while off-portfolio Mod is incremental. Currently off-portfolio Mod is very small portion of 4.2% growth. Expects off-portfolio Mod to grow significantly over time.
PCARPaccar2 questions · 1 reporting period · 0 of 2 challenging
Calendar 2025 Q2
in terms of the Q3 deliveries, I think you said 32,000 to 33,000. Can you provide any comments around the regional breakdown
Show response
Feight noted normal European summer shutdown, NA build rates matched to market, and Mexico continues softer due to tariff discussions.
Can you provide any comments just around what the breakdown for the supply chain is
Show response
Feight acknowledged multi-tier supply chain complexity. Components sourced from various regions but PACCAR's US production is the critical factor.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| OTIS Otis Worldwide | 4 | 25%1 of 4 questions |
| PCAR Paccar | 2 | —Rate withheld: fewer than 3 questions |
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2024 Q4 | 1 | 0%none of 1 question | 1 |
| 2025 Q1 | 1 | 0%none of 1 question | 1 |
| 2025 Q2 | 2 | 0%none of 2 questions | 1 |
| 2025 Q3 | No questions recorded | — | — |
| 2025 Q4 | 2 | 50%1 of 2 questions | 1 |
- 2024 Q41 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q11 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q22 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q3No questions recorded
- 2025 Q42 questions · challenge rate 50% (1 of 2 questions) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Demand3
- Revenue Growth2
- Guidance Reliability1
- Geographic Expansion1
- Supply Chain1
- Trade Tariffs1
- Cost Pressure1
- Margin1
- Subscriber Growth1