Otis Worldwide Corp Ordinary Shares

OTIS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$516.00	Zvhxx	Rmrmdhj

Otis Has Identified an Incremental $25 Million in Annual Cost Base Savings Under Its Uplift Program

Grant Slade

Jul 24, 2024

Business Strategy and Outlook

Otis Worldwide is the largest elevator and escalator original equipment manufacturer globally with integrated operations that span manufacturing and installation activities, as well as elevator and escalator servicing for existing installations. Additionally, Otis performs elevator modernization services for elevator systems at the end of a typical 15- to 20-year useful life. Otis estimates the global E&E market was worth about $80 billion in 2021 with Otis commanding an approximate 18% global market share, based on revenue.

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