Otis Common Stock Begins Trading on New York Stock Exchange
Otis Worldwide Corporation has started listing its common stock trading on the New York Stock Exchange (NYSE) after successfully completing its separation from United Technologies. It returned to the Exchange as the leader in the ~$75 billion industry that it created. Otis is the world's leading company for elevator and escalator manufacturing, installation and service, said President & CEO Judy Marks, adding that this is a historic event for Otis as it moves forward as a strong stand-alone company. Throughout its 167 years in business, it has experienced all types of markets and historic events – and is confident that . it will endure and succeed despite current challenges. "Otis continues to be well-positioned for sustained, long-term growth as its business model brings recurring revenue even in times of economic headwinds,” she said. The company's leadership is supported by an unparalleled maintenance portfolio that provides recurring sales, best-in-class margins with expansion runway and robust free cash flow generation. Its business model is fueled by new equipment sales, maintenance & repair, and modernization projects. As units continue to get added to the industry's new equipment segment, the installed base grows, enabling even more service opportunities. The company operates in an industry with strong fundamentals, backed by macro trends such as urbanization, a growing middle class and digitalization. Its focus on strategic digital investments enable it to better serve its customers locally, deliver on its commitments worldwide and support its growth as cities expand.
📅Published on:
05 April 2020
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
