Company Overview of Otis Elevator Company
Otis Elevator Company manufactures and installs elevators, escalators, and moving walkways. The company also provides maintenance programs and building support systems to fit customers’ needs and equipment types; remote elevator monitoring services; a Web-based EMS Panorama system that enables building staff to monitor, control, and report on and manage a range of operation-critical functions from any computer with an Internet connection; and a compass destination management system that meets individual building design, traffic, and security requirements. It serves architects, general contractors, property managers, consultants, end users, and more through a network of branch offices and ser...
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 and South America Area
Compensation as of Fiscal Year 2013.
Otis Elevator Company Key Developments
Otis Reports Earnings Results for 2012
Sep 17 13
Otis reported earnings results for 2012. The company made CZK 2.36 billion sales last year compared to CZK 2.79 billion, 15% lower than in 2011, and its operating profit sank by almost 30% to CZK 241.5 million from CZK 340.3 million in 2011 due to the situation on the market.
Otis Elevator Company Launches New Mobile Application for Eservice Customers
May 15 13
Otis Elevator Company announced the launch of a new mobile application for its eService online customer service platform. This new mobile application will provide Otis service customers with instant access to open service calls, elevator performance data, and service call logging from a smartphone in select markets. Designed with busy building owners and managers in mind, the new app is an extension of Otis' popular eService platform; an online performance based repository which allows Otis customers to place service requests, view maintenance data, receive real time updates on open service calls, and more. The new app will give Otis customers the ability to use most of eService's features on their smartphones or tablets and is included as an additional service to any Otis maintenance contract with no additional charge.
Otis Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2013; Reaffirms Earnings Guidance for the Year 2013
Apr 23 13
Otis reported unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s net sales were $2,814 million compared to $2,770 million a year ago. Operating profit was $575 million compared to $566 million a year ago. Adjusted operating profit was $585 million compared to $594 million a year ago. The company sales were improved 2% in the quarter, led by solid mid-single-digit growth in new equipment and continued growth in service sales. Excluding the impact of currency, new equipment sales were up in the Americas, Europe and Asia with North America, Russia and China leading the way. Operating profit was essentially flat at constant currency.
The company announced guidance for the full year remains unchanged with profit expected to be up $100 million to $150 million on mid-single-digit sales growth.
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