Otis Worldwide Corporation (NYSE: OTIS ) is the leader in escalator and elevator manufacturing, installation, and services. Otis was previously apart of United Technologies but was spun off into its own independent company in Q1 2020. The company operates two segments, New Equipment andI have a masters degree in Analytics from Northwestern University and a bachelors degree in Accounting. I have worked in the investment arena for over 10 years starting as an analyst and working my way up to a management role ...

Core Insights - Lennox has appointed Tracy Embree to its board of directors, effective May 22, 2025, bringing significant experience from her previous role as President of Otis Americas [1][2] - The board believes Ms. Embree's background in industrial strategy, emerging technologies, and sustainable solutions will enhance Lennox's strategic growth initiatives [2] - Ms. Embree has a strong history in complex manufacturing environments and has held various leadership roles, including a 23-year tenure at Cummins Inc. [3] Company Background - Lennox is a leader in energy-efficient climate-control solutions, focusing on sustainability and reducing carbon footprints for residential and commercial customers [5] - The company is recognized for its innovation in cooling, heating, indoor air quality, and refrigeration systems [5] Educational Background - Tracy Embree holds a bachelor's degree in chemical engineering from the Massachusetts Institute of Technology and an MBA from Harvard Business School [4]

Core Viewpoint - Otis has launched a new double-deck glass elevator at the Space Needle, marking the first of three elevators to be modernized, enhancing the visitor experience and maintaining the iconic status of the landmark [1][2][3]. Company Overview - Otis is the world's leading manufacturer, installer, and service provider of elevators and escalators, moving 2.4 billion people daily and maintaining approximately 2.4 million customer units globally [8][9]. - The company has a longstanding relationship with the Space Needle, having installed the original elevators in 1962 and modernized them in 1992 [3][4]. Project Details - The modernization project includes three Otis SkyRise™ sightseeing elevators, featuring floor-to-ceiling glass windows, allowing visitors to ascend 520 feet in less than 50 seconds [2][5]. - The new elevators will accommodate up to 46 passengers each in custom-built cabs, with one remaining a single deck [5][6]. - This project is notable as it is the first in North America and only the second globally to utilize Otis' high-rise SkyMotion™ 800 machines, designed for smooth and efficient rides [6]. Renovation Context - The elevator modernization is part of the Space Needle's Century Project renovation, which began in 2017 and includes additional accessibility features [7]. - The recent $100 million renovation of the Space Needle added over 176 tons of glass and introduced The Loupe, the world's first revolving glass floor, enhancing the visitor experience [10].

FARMINGTON, Conn., April 9, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, April 23, 2025, at 8:30 a.m. ET. Otis Chair, CEO & President Judy Marks and Executive Vice President & CFO Cristina Mendez will discuss the company's first quarter results and 2025 outlook. Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2.4 billion people a day and maintain approximately 2.4 million customer units worl ...