Otis Worldwide Corporation
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ROIC.AI
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- Otis Worldwide Corporation manufactures, installs, services, and modernizes elevators, escalators, and moving walkways for residential, commercial, and infrastructure projects worldwide; it offers core elevator platforms including Gen2 machine-roomless systems with coated steel belts, Gen3 digitally connected models featuring larger door openings and energy efficiency upgrades, Gen360 electronic architecture solutions with 360-degree monitoring, and SkyRise high-rise systems; escalators provide heavy-duty and sensor-equipped designs for retail and transit; services encompass preventive maintenance, repairs, modernization packages like GEN3 MOD Plus, and digital tools such as Otis ONE IoT for predictive monitoring, eView in-car displays, Compass 360 destination dispatch, and eCall smartphone apps; founded in 1853 and headquartered in Farmington, Connecticut, Otis operates in over 200 countries with 72,000 employees and a maintenance portfolio of 2.4 million units representing over 60% of sales and 90% of profit. In 2024, Otis completed approximately 30 bolt-on acquisitions for $87 million including Jardine Schindler Lifts in Taiwan and eight U.S. Urban Elevator locations to expand service and modernization; it issued EUR 850 million notes maturing 2026-2031 to refinance debt; launched Gen3 Core elevators and won Red Dot design awards for Smart Cab, accessible buttons, and safety ID cards; advanced UpLift and China transformations delivering $120 million in run-rate savings toward a $230 million 2025 target; and grew service sales 6.8% organically with modernization backlog up 13% amid a 10% global new equipment unit decline led by China.
Company News
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Analyzing Symbotic (NASDAQ:SYM) and Otis Worldwide (NYSE:OTIS)
Otis Worldwide Corporation (OTIS) Presents at Morgan Stanley's 14th Annual Laguna Conference Transcript
Otis: The Catalysts I Used To Double Down After A 22% Fall
Otis Implements Long-Standing CEO Succession Plan
These 5 Boring Stocks Are Quietly Crushing the Market and Making Investors Rich
Otis CEO to Speak at Morgan Stanley Conference
7,367 Shares in Otis Worldwide Corporation $OTIS Acquired by Caisse de depot et placement du Quebec
Algert Global LLC Acquires 58,512 Shares of Otis Worldwide Corporation $OTIS
Allworth Financial LP Buys New Position in Otis Worldwide Corporation $OTIS
Why Is Otis Worldwide (OTIS) Up 1.4% Since Last Earnings Report?
Otis to Provide More Than 250 Elevators and Escalators to Tianjin 117 Tower, China's New Supertall Landmark
Aberdeen Group plc Boosts Stock Position in Otis Worldwide Corporation $OTIS
Elevator giant Otis wants to be a defensive play in an volatile market. It has to prove itself first
Entropy Technologies LP Sells 52,880 Shares of Otis Worldwide Corporation $OTIS
Otis Worldwide: Don't Expect Meaningful Upside Near-Term, But I Remain Bullish
Is Otis Stock Attractive After Guidance Cuts and Its 19% YTD Slide?
Otis Service Growth Builds Momentum as Equipment Demand Stays Weak
Otis Worldwide: Strong Service Growth Still Needs To Show Margin Expansion
Otis Declares Quarterly Dividend of $0.44 per Share