OTIS Q1 2024 Earnings — Otis Worldwide Corporation Revenue & Financial Results | Market Cap Arena

OTISOtis Worldwide Corporation

$34B

Q1 2024 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$3.4B+2.7% YoY

Gross Profit

$1.0B29.9% margin

Operating Income

$544M15.8% margin

Net Income

$353M10.3% 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

$2.2B63%

New Equipment

$1.3B37%

Geographic Segments

Other

$1.9B57%

UNITED STATES

$1.1B31%

CHINA

$425M12%