About the Company
Otis Worldwide Corporation (branded as the Otis Elevator Company, its former legal name) is an American company that develops, manufactures and markets elevators, escalators, moving walkways, and related equipment. Based in Farmington, Connecticut, U.S., Otis is the world's largest manufacturer of vertical transportation systems, principally focusing on elevators, moving walkways, and escalators. The company pioneered the development of the "safety elevator", invented by Elisha Otis in 1852, which used a special mechanism to lock the elevator car in place should the hoisting ropes fail. The Otis Elevator Company was acquired by United Technologies in 1976, but it was spun off as an independent company 44 years later in April 2020 as Otis Worldwide Corporation. Its slogan is "Made to move you".
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Latest $OTIS News
Otis Worldwide Corporation (NYSE:OTIS) First-Quarter Results: Here's What Analysts Are Forecasting For This Year
Otis Worldwide Corporation ( NYSE:OTIS ) shareholders are probably feeling a little disappointed, since its shares ...
What's Going On With Otis Worldwide Stock Today?
Otis Worldwide Corp (NYSE:OTIS) reported first-quarter fiscal 2024 sales growth of 2.7% year-over-year to $3.437 billion, missing the consensus of $3.455 billion. Adjusted operating profit increased ...
Otis Worldwide raises dividend by 14.7% to $0.39
(OTIS) declares $0.39/share quarterly dividend, 14.7% increase from prior dividend of $0.34. Forward yield 1.6% Payable June 7 for shareholders.
Otis Worldwide Corporation: Otis Reports First Quarter 2024 Results
Otis continues to deliver mid-single digit organic Service growth and strong margin expansion 1Q Net sales up 2.7% and organic sales up 3.8% driven by Service net sales up 5.8% with organic sales up ...
Pfizer vs Moderna battle over COVID vaccine patents begins in UK
Pfizer and BioNTech asked a London court to revoke rival Moderna's patents over technology key to the development of vaccines ...
Otis Worldwide Non-GAAP EPS of $0.88 beats by $0.02, revenue of $3.44B misses by $20M
Otis Worldwide press release ( NYSE: OTIS ): Q1 Non-GAAP EPS of $0.88 beats by $0.02. Revenue of $3.44B (+2.7% Y/Y) misses by $20M. 1Q Net sales up 2.7% and organic sales up 3.8% driven by Service net ...
Otis Worldwide Corporation: Otis Announces 14.7 Percent Increase in Quarterly Dividend to $0.39 per Share
FARMINGTON, Conn., April 23, 2024 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.39 per share of Otis' common stock, ...
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