Otis
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About
Company Stage
IPO
Employees
N/A
Industries
Automotive & Transportation, Industrial & Manufacturing, Healthcare
Total Funding
N/A
Headquarters
Farmington, Minnesota
Founded
1853
Simplify's Take
What believers are saying
- Otis reports a 5.1% increase in service organic sales in 2024.
- Successful patent defense at EPO secures competitive advantage in safety systems.
- Quarterly dividend of $0.39 per share reflects financial stability.
What critics are saying
- Italian watchdog investigation may lead to fines or restrictions in Italy.
- IoT-linked Gen3 lifts increase exposure to cybersecurity threats.
- Integration challenges from Jardine Schindler acquisition may affect efficiency.
What makes Otis unique
- Otis leads the elevator industry with 2.3 million units under service.
- The IoT-linked Gen3 lift enhances user experience and operational efficiency.
- Otis's acquisition strategy strengthens its market position in Asia.
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Benefits
Professional Development Budget
Mental Health Support
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