# Otis Worldwide Corporation

> American elevator and escalator manufacturer

**Wikidata**: [Q1134069](https://www.wikidata.org/wiki/Q1134069)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Otis_Worldwide)  
**Source**: https://4ort.xyz/entity/otis-worldwide-corporation

## Summary
Otis Worldwide Corporation is an American elevator and escalator manufacturer founded in 1853 by Elisha Otis in Yonkers, New York. The company is a public entity listed on the New York Stock Exchange under the ticker symbol OTIS and is a component of the S&P 500 index.

## Key Facts
- Founded in 1853 by Elisha Otis in Yonkers, New York
- Headquarters located in Farmington, Connecticut
- ISIN: US68902V1070
- Central Index Key (CIK): 0001781335
- Legal entity identifier: 549300857C2X2VKMWG77, 549300ZLBKR8VSU25153
- Stock exchange: New York Stock Exchange (OTIS)
- Part of: S&P 500 index (since April 3, 2020)
- Revenue: $13.685 billion (2022)
- Net profit: $1.253 billion (2022)
- Operating income: $2.033 billion (2022)
- Products: Elevators and escalators
- Website: https://www.otis.com/
- Social media: Twitter (@otiselevatorco), Facebook (OtisElevatorCo), Instagram (otiselevatorco), YouTube (ascensoresotis)
- Wikipedia languages: 30+ including English, Spanish, French, German, Japanese, Chinese, Arabic
- Aliases: Otis, Otis Worldwide, Otis Elevator, Elevadores Otis, オーチス・エレベータ・カンパニー, 澳的斯, Отис

## FAQs
**What is Otis Worldwide Corporation known for?**
Otis Worldwide Corporation is known for manufacturing elevators and escalators, building on the legacy of Elisha Otis's 1852 invention of the safety elevator, which revolutionized vertical transportation by preventing elevator falls.

**Where is Otis Worldwide Corporation headquartered?**
The company is headquartered in Farmington, Connecticut, United States, though it was originally founded in Yonkers, New York in 1853.

**What stock exchange is Otis listed on?**
Otis Worldwide Corporation is listed on the New York Stock Exchange under the ticker symbol OTIS and became a component of the S&P 500 index in April 2020.

**What are Otis's main products?**
Otis manufactures elevators and escalators, providing vertical transportation solutions for buildings worldwide, from residential to commercial and industrial applications.

**Who founded Otis Worldwide Corporation?**
The company was founded by Elisha Otis, an American inventor and engineer who created the safety elevator mechanism that made elevators safe for public use.

## Why It Matters
Otis Worldwide Corporation matters because it pioneered safe vertical transportation through Elisha Otis's invention of the safety elevator in 1852, which eliminated the fear of elevator falls and enabled the construction of modern skyscrapers. The company's innovations have shaped urban architecture and development worldwide, making high-rise buildings practical and safe. As a public company listed on the New York Stock Exchange and part of the S&P 500, Otis represents a significant player in the global manufacturing sector, employing thousands and contributing to infrastructure development across continents. Its products are essential components of modern buildings, facilitating efficient movement in cities and enabling the vertical growth that characterizes contemporary urban landscapes.

## Notable For
- **Safety Elevator Pioneer**: Invented the safety elevator mechanism that prevented falls, revolutionizing vertical transportation
- **S&P 500 Component**: Became part of the prestigious S&P 500 index in April 2020
- **Global Manufacturing Leader**: One of the world's largest manufacturers of elevators and escalators
- **Historical Innovation**: Built on Elisha Otis's 1852 patent that made elevators safe for public use
- **Public Company Status**: Listed on the New York Stock Exchange with significant market presence
- **Multi-Platform Digital Presence**: Active on Twitter, Facebook, Instagram, and YouTube with verified accounts
- **International Reach**: Products and services available in numerous countries with multilingual documentation
- **Financial Performance**: Generated $13.685 billion in revenue and $1.253 billion in net profit in 2022

## Body
### History and Founding
Otis Worldwide Corporation traces its origins to 1853 when Elisha Otis founded the company in Yonkers, New York. The company's foundation was built on Otis's revolutionary 1852 invention of the safety elevator, which incorporated a braking mechanism that prevented elevators from falling if the hoisting cable failed. This innovation eliminated the primary safety concern that had prevented widespread adoption of elevators, making vertical transportation safe for public use. The company was originally established as the Otis Elevator Company and has since evolved into Otis Worldwide Corporation.

### Corporate Structure and Legal Status
Otis operates as a public company, offering its securities for sale to the general public through the New York Stock Exchange under the ticker symbol OTIS. The company is classified as a business entity and is a component of the S&P 500 index, having been added on April 3, 2020. Otis holds multiple legal entity identifiers including 549300857C2X2VKMWG77 and 549300ZLBKR8VSU25153, and its Central Index Key (CIK) with the SEC is 0001781335. The company's legal form is documented with specific identifiers in knowledge databases.

### Products and Services
The company's core business revolves around manufacturing elevators and escalators. These products serve various applications from residential buildings to commercial skyscrapers and industrial facilities. Otis's elevator systems incorporate advanced safety features building on the original safety mechanism invented by Elisha Otis. The company's escalator systems provide efficient horizontal and inclined transportation in high-traffic areas such as shopping malls, airports, and transit stations.

### Financial Performance
Otis Worldwide Corporation demonstrates significant financial scale with revenue reaching $13.685 billion in 2022. The company generated a net profit of $1.253 billion in the same year, with operating income of $2.033 billion. These financial metrics reflect the company's position as a major player in the global elevator and escalator manufacturing industry. The company's financial data is regularly reported to the Securities and Exchange Commission and is publicly available through official filings.

### Digital and Social Media Presence
Otis maintains an active digital presence across multiple platforms. The company's official website is located at https://www.otis.com/ and is available in English. On social media, Otis operates verified accounts including Twitter (@otiselevatorco), Facebook (OtisElevatorCo), Instagram (otiselevatorco), and YouTube (channel ID UC2tvX2P8F5nIh4LV-AfguSA with username "ascensoresotis"). The company's social media following includes over 13,500 followers on Twitter as of February 2023, demonstrating engagement with customers and stakeholders through digital channels.

### Geographic Presence and Headquarters
While originally founded in Yonkers, New York, Otis Worldwide Corporation is now headquartered in Farmington, Connecticut. The company operates globally, with its products and services available in numerous countries worldwide. The headquarters location in Farmington serves as the central administrative and operational hub for the corporation's worldwide activities.

### Knowledge Graph and Identifiers
Otis is extensively documented across various knowledge systems and databases. The company has a Wikipedia presence in over 30 languages including major languages like English, Spanish, French, German, Japanese, and Chinese. It holds multiple identifiers across different systems including ISIN (US68902V1070), VIAF ID (128979328), Freebase ID (/m/02_ltq), and various library and academic identifiers. The company's logo and imagery are available through Wikimedia Commons, and it maintains a presence in multiple encyclopedia systems including Encyclopædia Britannica Online.

### Industry Position and Market Classification
As a manufacturer of elevators and escalators, Otis operates within the broader building systems and infrastructure industry. The company's products are essential components of modern architecture, enabling the construction and operation of high-rise buildings that characterize contemporary urban development. Otis's position as a public company listed on the New York Stock Exchange and its inclusion in the S&P 500 index reflect its significant market presence and financial stability within the manufacturing sector.

### Innovation and Legacy
The company's legacy is built on Elisha Otis's groundbreaking safety elevator invention, which transformed vertical transportation and made modern skyscrapers possible. This innovation continues to influence the company's approach to product development and safety standards. Otis has maintained its position as an industry leader through continuous innovation in elevator and escalator technology, incorporating modern advancements while maintaining the safety principles established by its founder.

### Related Entities and Connections
Otis Worldwide Corporation is connected to various related entities through its business operations and historical development. The company's founding by Elisha Otis links it to the broader history of mechanical engineering and industrial innovation in the United States. Its status as a public company connects it to the financial markets and investment community, while its product offerings link it to the construction, real estate, and urban development sectors globally.

## References

1. Virtual International Authority File
2. Google Knowledge Graph
3. Freebase Data Dumps. 2013
4. [Educational Motion Pictures and Slides 1961-64](https://babel.hathitrust.org/cgi/pt?id=uc1.b3071279&seq=759&q1=%22Industry+on+Parade%22)
5. Global LEI Index
6. [Form 10-K. 2021](https://www.sec.gov/Archives/edgar/data/0001781335/000178133521000023/otis-20201231.htm)
7. [Form 10-K. 2022](https://www.sec.gov/Archives/edgar/data/0001781335/000178133522000007/otis-20211231.htm)
8. [Form 10-K. 2023](https://www.sec.gov/Archives/edgar/data/0001781335/000178133523000009/otis-20221231.htm)
9. GRID Release 2021-03-25
10. Quora
11. Aligned ISNI and Ringgold identifiers for institutions
12. YouTube API
13. ROR Data Dump 8.0 (April 2021)
14. National Library of Israel Names and Subjects Authority File