OTIS 📈 Otis Worldwide - Overview

Otis Worldwide Corporation is a leading global player in the design, manufacture, installation, and servicing of elevators, escalators, and moving walkways, with a presence in the United States, China, and international markets. The company's operations are divided into two primary segments: New Equipment and Service. The New Equipment segment is responsible for creating a wide range of products, including passenger and freight elevators, escalators, and moving walkways, which are designed to meet the needs of various residential and commercial buildings, as well as infrastructure projects. This segment caters to a diverse customer base, including real-estate developers, building developers, and general contractors, through direct sales and a network of agents and distributors.

The Service segment of Otis Worldwide Corporation focuses on providing maintenance and repair services to ensure the optimal performance and longevity of elevators and escalators. Additionally, this segment offers modernization services, which enable the upgrade of existing equipment to improve efficiency, safety, and overall user experience. With a rich history dating back to 1853, Otis Worldwide Corporation has established itself as a trusted and reliable partner in the industry, with its headquarters located in Farmington, Connecticut. The company's commitment to innovation, quality, and customer satisfaction has enabled it to maintain a strong presence in the global market, with its products and services being used in various settings, from residential buildings to large-scale commercial and infrastructure projects.

From a financial perspective, Otis Worldwide Corporation is listed on the New York Stock Exchange (NYSE) under the ticker symbol OTIS, and its common stock is classified under the Industrial Machinery & Supplies & Components sub-industry. The company's ISIN, US68902V1070, is a unique identifier used to facilitate international trading and clearance. With a strong foundation built over the years, Otis Worldwide Corporation continues to drive growth and innovation in the industry, with its website, https://www.otis.com, serving as a key platform for customers, investors, and stakeholders to access information and resources.