OTIS Q3 2023 Earnings — Otis Worldwide Corporation Revenue & Financial Results | Market Cap Arena

OTISOtis Worldwide Corporation

$34B

Q3 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$3.5B+5.4% YoY

Gross Profit

$1.0B29.7% margin

Operating Income

$571M16.2% margin

Net Income

$376M10.7% margin

EPS (Diluted)

$0.91

QoQ Revenue Growth

-5.3%

Cash Flow

Operating Cash Flow

$306M

Free Cash Flow

$272M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$10.4B

Total Liabilities

$15.0B

Stockholders' Equity

-$4.8B

Cash & Equivalents

$1.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.5B	$3.3B	+5.4%
Gross Profit	$1.0B	$971M	+7.7%
Operating Income	$571M	$529M	+7.9%
Net Income	$376M	$324M	+16.0%

Revenue Segments

Services

$2.1B59%

New Equipment

$1.4B41%

Geographic Segments

Other

$1.9B55%

UNITED STATES

$1.0B28%

CHINA

$596M17%