Otis Worldwide Corporation (OTIS)

95.11 -0.38 (-0.40%) At close: 04:00PM EDT

Otis Worldwide Corporation

One Carrier Place
Farmington, CT 06032
United States
860 674 3000
https://www.otis.com

Sector(s): Industrials
Industry: Specialty Industrial Machinery
Full-time employees: 71,000

Description

Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. This segment serves real-estate and building developers, and general contractors. It sells its products directly to customers, as well as through agents and distributors. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. Otis Worldwide Corporation was founded in 1853 and is headquartered in Farmington, Connecticut.

Corporate governance

Otis Worldwide Corporation’s ISS governance QualityScore as of 1 April 2024 is 1. The pillar scores are Audit: 1; Board: 3; Shareholder rights: 1; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.