OTIS Q1 2023 Earnings — Otis Worldwide Corporation Revenue & Financial Results | Market Cap Arena

OTISOtis Worldwide Corporation

$34B

Q1 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$3.3B-2.0% YoY

Gross Profit

$996M29.8% margin

Operating Income

$513M15.3% margin

Net Income

$331M9.9% margin

EPS (Diluted)

$0.79

QoQ Revenue Growth

-2.7%

Cash Flow

Operating Cash Flow

$278M

Free Cash Flow

$253M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$9.8B

Total Liabilities

$14.5B

Stockholders' Equity

-$4.9B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.3B	$3.4B	-2.0%
Gross Profit	$996M	$1.0B	-1.0%
Operating Income	$513M	$526M	-2.5%
Net Income	$331M	$311M	+6.4%

Revenue Segments

Services

$2.0B61%

New Equipment

$1.3B39%

Geographic Segments

Other

$1.9B56%

UNITED STATES

$976M29%

CHINA

$501M15%