OTIS - Otis Worldwide - Stock Price & Dividends

Otis Worldwide Corporation is a leading global company that specializes in the design, manufacture, installation, and maintenance of elevators, escalators, and moving walkways. With a rich history dating back to 1853, Otis has established itself as a trusted brand in the industry, serving customers in the United States, China, and around the world.

The company operates through two main segments: New Equipment and Service. The New Equipment segment is responsible for designing, manufacturing, and installing a wide range of passenger and freight elevators, escalators, and moving walkways for various types of buildings, including residential, commercial, and infrastructure projects. This segment caters to real-estate developers, building owners, and general contractors, offering its products directly to customers as well as through a network of agents and distributors.

The Service segment focuses on providing maintenance, repair, and modernization services to ensure that elevators and escalators continue to operate safely and efficiently over their lifespan. This includes routine maintenance, repair of worn-out parts, and upgrading existing systems to meet modern safety and efficiency standards. By offering these services, Otis helps building owners and managers reduce downtime, improve safety, and minimize costs associated with equipment failure.

Headquartered in Farmington, Connecticut, Otis Worldwide Corporation has a strong online presence, with its website (https://www.otis.com) providing customers with access to product information, service support, and other resources. With its long history, global reach, and commitment to innovation, Otis continues to be a leader in the elevator and escalator industry.