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OTIS Q1 2024 Earnings — Otis Worldwide Corporation Revenue & Financial Results | Market Cap Arena
OTIS
Otis Worldwide Corporation
$34B
Q1 2024 Earnings
Industrials
Industrial - Machinery
Income Statement
Revenue
$3.4B
+2.7% YoY
Gross Profit
$1.0B
29.9% margin
Operating Income
$544M
15.8% margin
Net Income
$353M
10.3% margin
EPS (Diluted)
$0.87
QoQ Revenue Growth
-5.1%
Cash Flow
Operating Cash Flow
$171M
Free Cash Flow
$140M
Stock-Based Comp.
$0
Balance Sheet
Total Assets
$9.8B
Total Liabilities
$14.6B
Stockholders' Equity
-$5.0B
Cash & Equivalents
$884M
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$3.4B
$3.3B
+2.7%
Gross Profit
$1.0B
$996M
+3.2%
Operating Income
$544M
$513M
+6.0%
Net Income
$353M
$331M
+6.6%
Revenue Segments
Services
$2.2B
63%
New Equipment
$1.3B
37%
Geographic Segments
Other
$1.9B
57%
UNITED STATES
$1.1B
31%
CHINA
$425M
12%
← FY 2024
All Quarters
Q2 2024 →