Company

Otis Worldwide Corporation

Headquarters: Farmington, CT, United States

Founded: 20 September 1853

Employees: 70,000

CEO: Ms. Judith F. Marks

show_chart NYSE: OTIS +1.57%

Market Cap

$33.09 Billion

USD as of April 1, 2022

history Market Cap History

Company Description

Otis Worldwide Corporation is a manufacturer of elevators, escalators, moving walkways, and related equipment. Founded in 1853, Otis was the first producer of safety elevators, which allowed to lock the elevator in place in case of mechanical failure. Since then the company has expanded around the world and to other mechanical moving structures such as escalators, and moving walkways.

Otis Worldwide Corporation market capitalization over time

Evolution of Otis Worldwide Corporation market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of Otis Worldwide Corporation

Detailed Description

Otis Worldwide Corporation manufactures, installs, and services elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. It had a network of approximately 34,000 service mechanics operating approximately 1,400 branches and offices. The company was founded in 1853 and is headquartered in Farmington, Connecticut.

Wikipedia Introduction

Otis Worldwide Corporation (branded as the Otis Elevator Company, its former legal name) is an American company that develops, manufactures and markets elevators, escalators, moving walkways, and related equipment. Based in Farmington, Connecticut, U.S, Otis is the world's largest manufacturer of vertical transportation systems, principally focusing on elevators, moving walkways, and escalators. The company pioneered the development of the "safety elevator", invented by Elisha Otis in 1852, which used a special mechanism to lock the elevator car in place should the hoisting ropes fail. The Otis Elevator Company was acquired by United Technologies in 1976, but it was spun off as an independent company 44 years later in April 2020 as Otis Worldwide Corporation. Its slogan is "Made to move you".

Source: Wikipedia, retrieved on March 31, 2022, 9:02 p.m.

Stocks & Indices

Otis Worldwide Corporation has the following listings and related stock indices.


Stock: NYSE: OTIS

Stock: Bovespa: O1TI34

Stock: FSX: 4PG

Product & Services

Elevators and escalators

Key People

Founder(s): Elisha Otis

Judy Marks (President and CEO)

Financials

Revenue: US$12.76 billion (2020)

Operating income: US$1.948 billion (2019)

Net income: US$906 million (2020)

Details

Headquarters:

1 Carrier Place

Farmington, CT 06032

United States

Phone: 800 233 6847