OTISOtis Worldwide Corporation

$34B

Q2 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$3.7B+6.7% YoY

Gross Profit

$1.1B29.1% margin

Operating Income

$580M15.6% margin

Net Income

$376M10.1% margin

EPS (Diluted)

$0.90

QoQ Revenue Growth

+11.2%

Cash Flow

Operating Cash Flow

$446M

Free Cash Flow

$409M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$10.1B

Total Liabilities

$14.8B

Stockholders' Equity

-$4.9B

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.7B	$3.5B	+6.7%
Gross Profit	$1.1B	$983M	+10.2%
Operating Income	$580M	$487M	+19.1%
Net Income	$376M	$321M	+17.1%

Revenue Segments

Services

$2.1B57%

New Equipment

$1.6B43%

Geographic Segments

Other

$1.9B52%

UNITED STATES

$1.0B28%

CHINA

$735M20%

OTIS Q2 2023 Earnings — Otis Worldwide Corporation Revenue & Financial Results | Market Cap Arena