OTIS WORLDWIDE CORP shareholders Q2 2024

About OTIS WORLDWIDE CORP

Otis Worldwide Corp is a leading manufacturer and service provider of elevators, escalators, and moving walkways. The company has a rich history dating back to 1853 when it was founded by Elisha Otis. Today, Otis is a global company with operations in over 200 countries and territories.

Otis has a strong reputation for innovation and quality. The company invests heavily in research and development to ensure that its products are at the forefront of technology. Otis has also been recognized for its commitment to sustainability, with a focus on reducing energy consumption and carbon emissions.

In recent years, Otis has experienced steady growth, driven by increasing demand for its products and services. The company's revenue in 2020 was $13.1 billion, up from $12.3 billion in 2019. Otis has also been expanding its operations through strategic acquisitions, such as the acquisition of the German elevator company Schindler in 2020.

Despite the challenges posed by the COVID-19 pandemic, Otis has remained resilient. The company has adapted to the changing market conditions by implementing new safety protocols and offering virtual services to customers.

Overall, Otis Worldwide Corp is a strong and reliable company with a bright future ahead. With its focus on innovation, sustainability, and customer service, Otis is well-positioned to continue its growth and success in the years to come.

It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.