Otis Worldwide Corporation OTIS

NYSE Industrial services USD

Otis Worldwide Corporation is a global leader in the manufacturing, installation, and servicing of elevators, escalators, and moving walkways. The company operates through two primary business segments: New Equipment, which involves the sale and installation of new elevator and escalator systems, and Service, which provides maintenance, repair, and modernization services for existing equipment. Otis serves a diverse customer base including commercial real estate developers, residential building owners, public infrastructure projects, and retail establishments worldwide. Its business model combines the sale of new equipment with a recurring revenue stream from long-term service contracts, creating a stable financial foundation and ongoing customer relationships.