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OTIS| Name | Value |
|---|---|
| Revenues | 3,601.0M |
| Cost of Revenue | 2,520.0M |
| Gross Profit | 1,081.0M |
| Operating Expense | 507.0M |
| Operating I/L | 574.0M |
| Other Income/Expense | -26.0M |
| Interest Income | 0.0M |
| Pretax | 544.0M |
| Income Tax Expense | 94.0M |
| Net Income/Loss | 415.0M |
Otis Worldwide Corporation is a leading manufacturer, installer, and servicer of elevators and escalators globally. The company operates in two segments, New Equipment and Service. The New Equipment segment focuses on designing, manufacturing, and installing a wide range of elevators, escalators, and moving walkways for residential, commercial, and infrastructure projects. The Service segment provides maintenance, repair, and modernization services for elevators and escalators through a vast network of service mechanics and branches. This business model allows Otis to generate revenue from both the sale of new equipment and ongoing service contracts, ensuring a steady stream of income.
