Otis Worldwide Corp - Company Profile

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Otis Worldwide Corp: Overview

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Otis Worldwide Corp (Otis) is a manufacturer of people moving products. It offers elevators, escalators, and moving walkways. The company designs, manufactures, and installs a wide range of passenger and freight elevators for low, medium, and high-speed applications. Otis upgrades elevators and escalators and provides maintenance and repair services for its own and other manufacturers' products. The company offers remote elevator monitoring (REM) systems to detect elevator problems and to monitor, control, and report elevator operational functions. Otis serves to commercial and residential properties. The company carries out its operations through its subsidiaries and offices across China, Vietnam, Thailand, Australia, Spain, France, Argentina, and other countries. Otis is headquartered in Farmington, Connecticut, the US.

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Headquarters United States of America
Address One Carrier Place, Farmington, Connecticut, 06032
Website www.otis.com
Telephone 1 860 6743000
No of Employees 71,000
Industry Industrial Goods and Machinery
Ticker Symbol & Exchange OTIS (NYSE)
Revenue (2022) $14.2B 3.8% (2022 vs 2021)
EPS XYZ
Net Income (2022) XYZ 12.2% (2022 vs 2021)
Market Cap* $38.4B
Net Profit Margin (2022) XYZ 8.1% (2022 vs 2021)
* As of and is in US$
View Otis Worldwide Corp financials
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Otis Worldwide Corp premium industry data and analytics

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Construction Projects

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Project Contacts

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IT Services Contracts

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ICT Spend & Tech Priorities

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Products and Services

Products Services Brands
Escalators Monitoring Services Revit
Elevators Maintenance Solutions
Moving Walkways Building Support Systems
XYZ
XYZ
XYZ
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2024 Contracts/Agreements In March, the company entered into an agreement with Emaar Properties to upgrade a total of 34 elevators and all eight escalators in the Burj Khalifa.
2023 New Products/Services In November, the company announced the launch of its next-generation smart elevator system, the Otis Gen360 digital elevator, and the 515NPE public escalator.
2023 Plans/Strategy In July, the company launched Uplift, a program for the transformation of the company’s operating model.
Dive into past operations, including product releases, deals, acquisitions & more Dive into past operations, including product releases, deals, acquisitions & more Find out more
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Competitor Comparison

Key Parameters Otis Worldwide Corp Johnson Controls International Plc Schindler Holding Ltd KONE Corporation Champion Elevators Inc
Headquarters United States of America Ireland Switzerland Finland United States of America
City Farmington Cork Hergiswil Espoo Houston
State/Province Connecticut - - - Texas
No. of Employees 71,000 100,000 70,406 63,536 -
Entity Type Public Public Public Public Private
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Executives
Name Position Board Since Age
Judith F. Marks President; Chairman; Chief Executive Officer Executive Board 2020 60
Anurag Maheshwari Executive Vice President; Chief Financial Officer Senior Management 2022 50
Michael P. Ryan Chief Accounting Officer; Senior Vice President Senior Management 2020 54
Rina Leonard Senior Vice President; Chief Information Officer Senior Management 2022 -
Randi Tanguay Senior Vice President - Communications; Chief Communications Officer Senior Management 2018 -
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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