OTIS Q1 2021 Earnings — Otis Worldwide Corporation Revenue & Financial Results | Market Cap Arena

OTISOtis Worldwide Corporation

$34B

Q1 2021 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$3.4B+14.9% YoY

Gross Profit

$1.0B29.9% margin

Operating Income

$509M14.9% margin

Net Income

$308M9.0% margin

EPS (Diluted)

$0.71

QoQ Revenue Growth

-2.4%

Cash Flow

Operating Cash Flow

$585M

Free Cash Flow

$541M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$10.5B

Total Liabilities

$13.8B

Stockholders' Equity

-$3.9B

Cash & Equivalents

$1.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.4B	$3.0B	+14.9%
Gross Profit	$1.0B	$897M	+13.6%
Operating Income	$509M	$329M	+54.7%
Net Income	$308M	$165M	+86.7%

Revenue Segments

Services

$1.9B57%

New Equipment

$1.5B43%

Geographic Segments

Other

$1.9B56%

UNITED STATES

$936M27%

CHINA

$562M16%