OTIS Q3 2022 Earnings — Otis Worldwide Corporation Revenue & Financial Results | Market Cap Arena

OTISOtis Worldwide Corporation

$34B

Q3 2022 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$3.3B-7.6% YoY

Gross Profit

$971M29.0% margin

Operating Income

$529M15.8% margin

Net Income

$324M9.7% margin

EPS (Diluted)

$0.77

QoQ Revenue Growth

-4.1%

Cash Flow

Operating Cash Flow

$239M

Free Cash Flow

$215M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$9.3B

Total Liabilities

$14.1B

Stockholders' Equity

-$4.9B

Cash & Equivalents

$1.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.3B	$3.6B	-7.6%
Gross Profit	$971M	$1.1B	-8.4%
Operating Income	$529M	$542M	-2.4%
Net Income	$324M	$331M	-2.1%

Revenue Segments

Services

$1.9B57%

New Equipment

$1.4B43%

Geographic Segments

Other

$1.7B52%

UNITED STATES

$943M28%

CHINA

$672M20%