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OTIS Q1 2023 Earnings — Otis Worldwide Corporation Revenue & Financial Results | Market Cap Arena
OTIS
Otis Worldwide Corporation
$34B
Q1 2023 Earnings
Industrials
Industrial - Machinery
Income Statement
Revenue
$3.3B
-2.0% YoY
Gross Profit
$996M
29.8% margin
Operating Income
$513M
15.3% margin
Net Income
$331M
9.9% 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
$2.0B
61%
New Equipment
$1.3B
39%
Geographic Segments
Other
$1.9B
56%
UNITED STATES
$976M
29%
CHINA
$501M
15%
← FY 2023
All Quarters
Q2 2023 →