Otis Worldwide

Otis Worldwide Corporation
	Headquarters in Farmington, Connecticut.
Trade name	Otis Elevator Company
Company type	Public
Traded as	NYSE: OTIS; S&P 500 component;
Industry	Transport systems
Predecessor	United Technologies
Founded	20 September 1853 (acquired in 1976, spun off in 2020)
Founder	Elisha Otis (original Otis Elevator Company)
Headquarters	Farmington, Connecticut, U.S.
Area served	Worldwide
Key people	Judy Marks (President and CEO)
Products	Elevators and escalators
Revenue	US$14.21 billion (2023)
Operating income	US$2.186 billion (2023)
Net income	US$1.406 billion (2023)
Total assets	US$10.12 billion (2023)
Total equity	US$−4.92 billion (2023)
Number of employees	71,000 (2023)
Website	otis.com
	Footnotes / references;

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.^[2] 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.^[3]^[4]

Its slogan is "Made to move you".

^ "2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 2 February 2024.
^ "Otis Fact Sheet 2011-2" (PDF). Otis Worldwide. Archived from the original (PDF) on 2016-04-15. Retrieved 2012-03-24.
^ "Otis Common Stock Begins Trading on New York Stock Exchange" (Press release). Otis Worldwide. April 3, 2020. Retrieved 2021-10-06.
^ "United Technologies Board Of Directors Approves Separation Of Carrier And Otis And Declares Spin-Off Distribution Of Carrier And Otis Shares" (Press release). United Technologies Corp. March 11, 2020.

[1] "2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 2 February 2024.

[2] "Otis Fact Sheet 2011-2" (PDF). Otis Worldwide. Archived from the original (PDF) on 2016-04-15. Retrieved 2012-03-24.

[3] "Otis Common Stock Begins Trading on New York Stock Exchange" (Press release). Otis Worldwide. April 3, 2020. Retrieved 2021-10-06.

[4] "United Technologies Board Of Directors Approves Separation Of Carrier And Otis And Declares Spin-Off Distribution Of Carrier And Otis Shares" (Press release). United Technologies Corp. March 11, 2020.

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