Otis

Otis

About Otis

Simplify's Rating
Why Otis is rated
B
Rated A on Competitive Edge
Rated C on Growth Potential
Rated B on Rating Differentiation

Industries

Consulting

Industrial & Manufacturing

Government & Public Sector

Company Size

N/A

Company Stage

IPO

Headquarters

Farmington, Minnesota

Founded

1853

Overview

Simplify Jobs

Simplify's Take

What believers are saying

  • Otis benefits from urbanization trends, boosting demand for vertical transportation solutions.
  • Strategic partnerships expand Otis's market reach in urban development projects.
  • Predictive maintenance technologies reduce downtime, improving customer satisfaction.

What critics are saying

  • Italian competition authority investigates Otis for alleged unfair commercial practices.
  • Integration challenges may arise from the Jardine Schindler Lifts acquisition in Taiwan.
  • $2 billion share repurchase program could impact future investment capabilities.

What makes Otis unique

  • Otis leads the elevator industry with a vast service portfolio worldwide.
  • The company integrates IoT and AI for enhanced elevator efficiency and user experience.
  • Otis's energy-efficient elevators align with global green building standards.

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Benefits

Professional Development Budget

Mental Health Support

Company News

MarketBeat
Mar 11th, 2025
Callan Family Office LLC Makes New Investment in Otis Worldwide Co. (NYSE:OTIS)

Callan Family Office LLC makes new investment in Otis Worldwide Co. (NYSE:OTIS).

Investing.com
Mar 10th, 2025
Otis stock soars to all-time high of $106.35 amid robust growth

Additionally, Otis Worldwide introduced new elevator and escalator products in key markets and continues to focus on growth in the Chinese market.

PR Newswire
Jan 30th, 2025
Otis Declares Quarterly Dividend Of $0.39 Per Share

FARMINGTON, Conn., Jan. 30, 2025 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.39 per share of Otis' common stock. The dividend will be payable on March 7, 2025, to shareholders of record at the close of business on February 14, 2025.About OtisOtis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2.4 billion people a day and maintain approximately 2.4 million customer units worldwide, the industry's largest Service portfolio. Headquartered in Connecticut, USA, Otis is 72,000 people strong, including 44,000 field professionals, all committed to manufacturing, installing and maintaining products to meet the diverse needs of our customers and passengers in more than 200 countries and territories worldwide. To learn more, visit www.otis.com and follow us on LinkedIn, Instagram, and Facebook @OtisElevatorCo.Cautionary StatementThis release includes statements related to anticipated earnings, cash flow and dividends that constitute "forward-looking statements" under the securities laws

PR Newswire
Jan 29th, 2025
Otis Reports Fourth Quarter And Full Year 2024 Results

Otis delivers solid fourth quarter and full year results; announces 2025 outlook with sustained earnings growth driven by continued Service momentum. Fourth quarter 2024 Net sales up 1.5% and organic sales up 1.9%, driven by Service sales up 7.6% and Service organic sales up 7.8%. GAAP EPS up 6.3% and adjusted EPS up 6.9% with continued margin expansion

MarketBeat
Jan 21st, 2025
Aaron Wealth Advisors LLC Invests $332,000 in Otis Worldwide Co. (NYSE:OTIS)

Aaron Wealth Advisors LLC invests $332,000 in Otis Worldwide Co. (NYSE:OTIS).

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Otis is Hiring for 326 Jobs on Simplify!

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We update Otis's jobs every few hours, so check again soon! Browse all jobs →