OTIS Q2 2024 Earnings — Otis Worldwide Corporation Revenue & Financial Results | Market Cap Arena

OTISOtis Worldwide Corporation

$34B

Q2 2024 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$3.6B-3.2% YoY

Gross Profit

$1.1B30.0% margin

Operating Income

$570M15.8% margin

Net Income

$415M11.5% margin

EPS (Diluted)

$1.02

QoQ Revenue Growth

+4.8%

Cash Flow

Operating Cash Flow

$308M

Free Cash Flow

$284M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$9.9B

Total Liabilities

$14.7B

Stockholders' Equity

-$5.0B

Cash & Equivalents

$951M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.6B	$3.7B	-3.2%
Gross Profit	$1.1B	$1.1B	-0.4%
Operating Income	$570M	$580M	-1.7%
Net Income	$415M	$376M	+10.4%

Revenue Segments

Services

$2.2B61%

New Equipment

$1.4B39%

Geographic Segments

Other

$2.0B55%

UNITED STATES

$1.1B30%

CHINA

$542M15%