Company Overview of Otis Elevator Company
Otis Elevator Company manufactures, installs, and maintains elevators, escalators, and moving walkways. It offers machine-roomless, gearless traction, and geared traction elevators; and escalators and moving walkways for airports, transit systems, and shopping centers. The company also offers various maintenance programs and building support systems, including communications center services; remote elevator monitoring; a Web-based EMS Panorama system that enables building staff to monitor, control, report on, and manage a range of operation-critical functions; BIMCreate, an online tool that allows architects to create customized 3D files for building plans; eService Website that provides bui...
10 Farm Springs Road
Farmington, CT 06032
Founded in 1853
Key Executives for Otis Elevator Company
Chief Financial Officer and Vice President
Vice President of Operations
President of North & South America Area
President of North Europe & Africa Area
Compensation as of Fiscal Year 2015.
Otis Elevator Company Key Developments
Otis Elevator Company Receives Contract for Elevators from Jordan's Saraya
Nov 12 15
Otis Elevators announced that it will supply Saraya Aqaba in Jordan with a total of 193 elevators, marking the large contract in the history of Jordon's elevator industry.
Otis Builds BIMCreate Tool for 3D Elevator Design
Oct 26 15
Otis Elevator introduced BIMCreate, a new online tool that allows architects to create customized 3D files for building plans. BIMCreate is the latest product offering from Otis. BIMCreate was developed as a complimentary add-in for RevitÂ® building information modeling (BIM) software. With Otis BIMCreate, architects can design a precise Revit file for their project instead of selecting from pre-existing templates in the software. Another distinctive feature is the tool's ability to read building heights from the architect's model. This saves the user time and improves the accuracy of important dimensions. Architects can also make structural decisions on key elevator components such as hoistway walls, pit depths and overhead requirements.
Otis Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
Oct 20 15
Otis reported unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net sales of $3,043 million against $3,326 million a year ago. Operating profit was $642 million against $703 million a year ago. Adjusted operating profit was $660 million against $718 million a year ago.
For the nine months, the company reported net sales of $8,886 million against $9,646 million a year ago. Operating profit was $1,796 million against $1,966 million a year ago. Adjusted operating profit was $1,828 million against $2,019 million a year ago.
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