Otis Authorizes $2 Billion for Share Repurchase

Core Viewpoint - Otis Worldwide Corporation has authorized a $2 billion share repurchase program, effective January 16, 2025, while canceling approximately $100 million from a previous program [1]. Company Overview - Otis is the world's leading company in elevator and escalator manufacturing, installation, and service, moving 2.3 billion people daily and maintaining around 2.3 million customer units globally [2]. - The company is headquartered in Connecticut, USA, and employs 71,000 people, including 42,000 field professionals, serving customers in over 200 countries and territories [2].