| Market Capitalization (Millions $) |
27,309 |
| Shares
Outstanding (Millions) |
384 |
| Employees |
72,000 |
| Revenues (TTM) (Millions $) |
14,911 |
| Net Income (TTM) (Millions $) |
1,578 |
| Cash Flow (TTM) (Millions $) |
141 |
| Capital Exp. (TTM) (Millions $) |
159 |
Business Description
Otis Worldwide Corporation is a leading global manufacturer specializing in elevators, escalators, and moving walkways. Founded by Elisha Otis in 1853, the company has established itself as a pivotal name in the vertical transportation industry, with products deployed in buildings across the globe.
The company is engaged in the design, manufacturing, installation, and maintenance of its products, catering to a diverse clientele in over 200 countries. Otiss offerings encompass a broad spectrum of elevator and escalator solutions, serving various types of structures, from low-rise residential and commercial buildings to high-rise and mega-tall skyscrapers.
Otis has a rich history of innovation, holding numerous patents related to elevator and escalator technologies. The company prioritizes sustainability by developing energy-efficient products that minimize both energy consumption and carbon emissions, reflecting its commitment to environmentally responsible practices.
Safety remains a cornerstone of Otiss operations. The company invests in comprehensive safety training for its workforce and provides various safety solutions for clients, including emergency communication systems and protective barriers to enhance the safety of its installations.
With a global workforce exceeding 69,000 employees, Otis operates from more than 1,500 locations around the world. The company is headquartered in Farmington, Connecticut, and, while previously a subsidiary of United Technologies Corporation, it now functions as an independent entity following the merger of UTC with Raytheon Technologies in April 2020, maintaining its strong brand identity and legacy in the industry.
Company Address: One Carrier Place Farmington 6032 CT
Company Phone Number: 674-3000 Stock Exchange / Ticker: NYSE OTIS
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62.92 %