OTIS Q2 2021 Earnings — Otis Worldwide Corporation Revenue & Financial Results | Market Cap Arena

OTISOtis Worldwide Corporation

$34B

Q2 2021 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$3.7B+22.2% YoY

Gross Profit

$1.1B29.0% margin

Operating Income

$561M15.2% margin

Net Income

$326M8.8% margin

EPS (Diluted)

$0.76

QoQ Revenue Growth

+8.6%

Cash Flow

Operating Cash Flow

$531M

Free Cash Flow

$491M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$10.9B

Total Liabilities

$14.1B

Stockholders' Equity

-$3.9B

Cash & Equivalents

$1.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.7B	$3.0B	+22.2%
Gross Profit	$1.1B	$891M	+20.7%
Operating Income	$561M	$416M	+34.9%
Net Income	$326M	$224M	+45.5%

Revenue Segments

Services

$2.0B53%

New Equipment

$1.7B47%

Geographic Segments

Other

$2.0B53%

UNITED STATES

$939M25%

CHINA

$803M22%