OTIS

Otis Worldwide

Halal Rating :
Comfortable
Last Price $94.77 Last updated:
Market Cap $37.86b
7D Change 3.96%
1 Year Change 7.77%
Company Overview Use of Interest Company Impact Justification for our Halal Rating Recent News

Company Overview

Industries
  • Manufacturing
  • Electrical Equipment
  • Electronic & Other Electrical Equipment
Exchange NYSE
Next Earnings Date Oct. 23, 2024

Otis Worldwide Corporation is the world's largest manufacturer and maintainer of people-moving products, including elevators, escalators, and moving walkways. The company was spun off from United Technologies Corporation (now part of RTX Corporation) in 2020. Otis provides installation, maintenance, and modernization services for its products globally.

The company's primary revenue streams come from new equipment sales and maintenance services for existing installations. Their business model focuses on the full lifecycle of their products, from initial installation to ongoing service contracts.

Use of Interest

Reporting Date Total Revenue Total Operating Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $3.55b $3.19b - - 0.00% 0.00%
June 30, 2024 $3.6b $3.03b - - 0.00% 0.00%
March 31, 2024 $3.44b $2.94b - $44.0m 0.00% 1.50%

Company Impact

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Recent News & Updates