Otis Worldwide Corp

NYSE OTIS

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Otis Worldwide Corp Gross Profit Margin for the year ending December 31, 2023: 29.51%

Otis Worldwide Corp Gross Profit Margin is 29.51% for the year ending December 31, 2023, a 3.02% change year over year. Gross Profit Margin represents the percentage of revenue that represents gross profit, indicating the efficiency of a company's production and pricing.

Otis Worldwide Corp Gross Profit Margin for the year ending December 31, 2022 was 28.64%, a -2.32% change year over year.
Otis Worldwide Corp Gross Profit Margin for the year ending December 31, 2021 was 29.33%, a -1.01% change year over year.
Otis Worldwide Corp Gross Profit Margin for the year ending December 31, 2020 was 29.63%, a 1.57% change year over year.
Otis Worldwide Corp Gross Profit Margin for the year ending December 31, 2019 was 29.17%, a 1.09% change year over year.

NYSE: OTIS

Otis Worldwide Corp

CEO	Ms. Judith F. Marks
IPO Date	March 19, 2020
Location	United States
Headquarters	One Carrier Place, Farmington, CT, United States, 06032
Employees	71,000
Sector	Industrials
Industry	Specialty industrial machinery

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.

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