Otis’s Competitors, Revenue, Number of Employees, Funding, Acquisitions & News

Otis Elevator designs, manufactures and distributes elevators, escalators and moving walkways. Read more

613 Followers on Owler
613 Followers on Owler
613 Followers on Owler
613 Followers on Owler

Otis Elevator designs, manufactures and distributes elevators, escalators and moving walkways. Read more

Judy Marks's photo - President & CEO of Otis

President & CEO

Judy Marks

CEO Approval Rating

91/100

Founded:

1853

Status:

TOP COMPETITORS OR ALTERNATIVES

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Schindler is one of Otis's top rivals. Schindler was founded in Ebikon, Geneva} in 1874. Like Otis, Schindler also competes in the Industrial Machinery & Equipment space. Compared to Otis, Schindler generates $1.2B less revenue.

thyssenkrupp is Otis's #2 competitor. thyssenkrupp was founded in 1999, and is headquartered in Essen, North Rhine-Westphalia. Like Otis, thyssenkrupp also operates in the Industrial Machinery & Equipment space. thyssenkrupp generates $29.8B more revenue vs. Otis.

Kone Elevators is a top competitor of Otis. Kone Elevators's headquarters is in Mascot, Nova Scotia, and was founded in 1910. Kone Elevators is in the industry. Kone Elevators generates 0.17% of Otis's revenue.

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Competitor - 1/1

Is Fujitec Corp a competitor of Otis?

Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$12.1B

Otis's revenue is the ranked 4th among it's top 10 competitors. The top 10 competitors average 11.3B. Over the last four quarters, Otis's revenue has decreased by 1.4%. Specifically, in Q3 2020's revenue was $3.3B; in Q2 2020, it was $3B; in Q1 2020, it was $3B; in Q3 2019, Otis's revenue was $3.3B.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Amtech Elevator

Aug 2003

Source »
undisclosed
-

-

-

Aug 1998

Source »
undisclosed
-

These are all the companies that Otis has acquired. Otis has acquired 2 companies and its latest acquisition was Amtech Elevator in Aug 2003.

Investments

No recent investments found related to Otis

These are all the companies that Otis has invested in. Otis has invested 2 companies and its latest investment was Amtech Elevator in Aug 2003.

Otis News

October 29, 2020Zolmax News

Otis Worldwide (NYSE:OTIS) versus Siemens Aktiengesellschaft (NYSE:SIEGY)

Otis Worldwide (NYSE:OTIS) and Siemens Aktiengesellschaft (OTCMKTS:SIEGY) are both large-cap construc... See more »
October 28, 2020Zolmax News

Otis Worldwide to Post FY2020 Earnings of $2.42 Per Share, William Blair Forecasts (NASDAQ:OTIS)

Otis Worldwide (NASDAQ:OTIS) - Equities research analysts at William Blair raised their FY2020 EPS es... See more »
October 26, 2020Boston Citybizlist

Otis Reports Third Quarter 2020 Results

October 25, 2020Zolmax News

Siemens Aktiengesellschaft (OTCMKTS:SIEGY) vs. Otis Worldwide (OTCMKTS:OTIS)

Siemens Aktiengesellschaft (OTCMKTS:SIEGY) and Otis Worldwide (NYSE:OTIS) are both large-cap industri... See more »
October 25, 2020MarketWatch

Otis beats profit and sales expectations, and provides an upbeat outlook

Otis Worldwide Corp. reported Monday a third-quarter profit and sales that beat expectations, and pro... See more »

Otis Press Releases

July 22, 2020PR Newswire

Otis Commits to Achieving Gender Parity by 2030

FARMINGTON, Conn., July 22, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS), the world's... See more »
April 3, 2020PR Newswire

Otis Common Stock Begins Trading on New York Stock Exchange

/PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will begin its first day of "regular-way" com... See more »
February 24, 2020Business Wire India

Otis to Supply Elevators to Bengaluru Metro Project

Business Wire IndiaOtis India has been selected to provide 112 Gen2® elevators for the second phase o... See more »
February 11, 2020PR Newswire

Otis Presents Growth and Value Creation Strategy at Investor Day

FARMINGTON, Conn., Feb. 11, 2020 /PRNewswire/ -- Otis Worldwide Corporation (Otis) today announces ah... See more »
December 13, 2019centralcharts

Otis Completes Drilling at Kilgore

VANCOUVER, British Columbia, Dec. 13, 2019 (GLOBE NEWSWIRE) -- Otis Gold Corp. (" Otis " or the " Com... See more »
December 5, 2019Korea Newswire

Otis Korea Wins the Good Design Award 2019 for its 'Gen2 Life Nova' Design

Otis Elevator Co.'s Korea-based division received the Good Design Award 2019 for its 'Gen2® Life Nova... See more »
November 18, 2019Korea Newswire

Otis Holds "Family Safety Recognition Day" For Installation Partners

On November 17, Otis Elevator Korea (VP and Managing Director IS Cho) invited its installation partne... See more »

Otis Videos

Social Media

Headquarters

1 Carrier Place

Farmington, Connecticut06032

800-233-6847

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Summary

ABOUT

Overview

Otis Elevator designs, manufactures and distributes elevators, escalators and moving walkways. Otis was founded in 1853. Otis' headquarters is located in Farmington, Connecticut, USA 06032. Otis' latest acquisitions include Amtech Elevator and . Otis...

CEO

Otis's President & CEO, Judy Marks, currently has an approval rating of 91%. Otis's primary competitors are Schindler, thyssenkrupp & Kone Elevators.

Website

otis.com

Frequently Asked Questions about Otis

  1. When was Otis founded?

    Otis was founded in 1853
  2. Who is Otis's CEO?

    Otis's CEO is Judy Marks
  3. How much revenue does Otis generate?

    Otis generates $12.1B in revenue
  4. How much funding does Otis have?

    Otis has historically raised $0 in funding
  1. Where is Otis's headquarters?

    Otis's headquarters is in Farmington Connecticut, USA
  2. How many employees does Otis have?

    Otis has 69,000 employees
  3. What sector does Otis operate in?

    Otis is in Industrial Machinery & Equipment
  4. Who are Otis's competitors?

    Otis's top competitors are Schindler, thyssenkrupp, Kone Elevators