| OTIS - Otis Worldwide Corp Ordinary Shares (Industrials: Specialty Industrial Machinery) | Projected Earnings Date: 2025-01-28 (Delayed quote data 2025-01-06) |
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| Company Profile | |
| Otis is the largest global elevator and escalator supplier by revenue. In 1854 Otis? founder and namesake, Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. As the largest global OEM, over decades Otis has built a base of 2 million elevators under service. Its business model is much the same as that of its competitors Kone, Schindler, and Thyssenkrupp. Otis operates a razor and blade model where it manufactures and installs elevators at a low profit to build an installed base that will provide high profits from service in the years thereafter. | |
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