OTIS Q1 2022 Earnings — Otis Worldwide Corporation Revenue & Financial Results | Market Cap Arena

OTISOtis Worldwide Corporation

$34B

Q1 2022 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$3.4B+0.2% YoY

Gross Profit

$1.0B29.5% margin

Operating Income

$526M15.4% margin

Net Income

$311M9.1% margin

EPS (Diluted)

$0.73

QoQ Revenue Growth

-4.3%

Cash Flow

Operating Cash Flow

$504M

Free Cash Flow

$474M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$11.8B

Total Liabilities

$14.7B

Stockholders' Equity

-$5.0B

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.4B	$3.4B	+0.2%
Gross Profit	$1.0B	$1.0B	-1.3%
Operating Income	$526M	$509M	+3.3%
Net Income	$311M	$308M	+1.0%

Revenue Segments

Services

$2.0B58%

New Equipment

$1.4B42%

Geographic Segments

Other

$1.9B55%

UNITED STATES

$977M29%

CHINA

$568M17%