OTIS Q2 2022 Earnings — Otis Worldwide Corporation Revenue & Financial Results | Market Cap Arena

OTISOtis Worldwide Corporation

$34B

Q2 2022 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$3.5B-5.8% YoY

Gross Profit

$983M28.2% margin

Operating Income

$487M14.0% margin

Net Income

$321M9.2% margin

EPS (Diluted)

$0.76

QoQ Revenue Growth

+2.2%

Cash Flow

Operating Cash Flow

$353M

Free Cash Flow

$326M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$9.9B

Total Liabilities

$14.7B

Stockholders' Equity

-$5.0B

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.5B	$3.7B	-5.8%
Gross Profit	$983M	$1.1B	-8.6%
Operating Income	$487M	$561M	-13.2%
Net Income	$321M	$326M	-1.5%

Revenue Segments

Services

$2.0B56%

New Equipment

$1.5B44%

Geographic Segments

Other

$1.8B52%

UNITED STATES

$953M27%

CHINA

$711M20%