Wolfe said Otis’s new equipment business, which has been pressured by weak construction in China and Europe, appears near a bottom, while its service operations remain steady. Improving order and ...

MADRID - Otis Worldwide Corporation (NYSE:OTIS), a $35.8 billion market cap company with annual revenues of $14.2 billion, has launched new flexible elevator modernization solutions aimed at upgrading ...

MADRID, Sept. 30, 2025 /PRNewswire/ -- There are more than six million elevators in use in Europe today. In many European countries, more than half of these elevators are at least 25 years old.

Otis will provide advanced elevator solutions for three innovative communities. CAIRO, Sept. 8, 2025 /PRNewswire/ -- Otis (NYSE: OTIS) the world's leading elevator and escalator manufacturing, ...

Aitken Spence Elevators (Pvt) Ltd has signed a Memorandum of Understanding (MoU) with Rush Housing (Pvt) Ltd to provide nine OTIS Gen2 Hz machine room-less elevators for five upcoming residential ...

Otis's resilient service-driven business model generates high-margin, recurring revenue, insulating it from cyclical downturns and justifying premium valuation multiples. Despite a Q2 revenue miss and ...

The "U.S. Elevator and Escalator Market - Size & Growth Forecast 2025-2030" report has been added to ResearchAndMarkets.com's offering. The U.S. Elevator and Escalator Market was sized at 37,026 units ...

Otis Elevator Company has agreed to pay more than $500,000 to resolve allegations tied to the False Claims Act. The settlement was announced Friday by the U.S. Attorney’s Office for the Eastern ...

Otis Worldwide Corporation’s OTIS international presence and demand trends are encouraging for its prospects. Backed by its constant innovation investments and efficient service offerings, the company ...

TAIPEI, April 2, 2025 /PRNewswire/ -- Otis Taiwan will supply 65 elevators and escalators for the extension of the Kaohsiung MRT Red Line RLC01, expanding its presence in the city's transportation ...