Elevators in Crisis: Otis' Uphill Climb The recent struggles of elevator giant Otis have sent shockwaves through the industry, leaving investors wondering if the company's long term growth prospects are still intact.
As the largest elevator manufacturer in the world, Otis has faced a perfect storm of challenges that threaten to derail its investment case.
One of the most striking aspects of Otis' woes is the stark contrast between its operating profit margins on new equipment and those generated from servicing existing elevators. With a meager 4.