OTIS Q3 2024 Earnings — Otis Worldwide Corporation Revenue & Financial Results | Market Cap Arena

OTISOtis Worldwide Corporation

$34B

Q3 2024 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$3.5B+0.7% YoY

Gross Profit

$1.1B30.4% margin

Operating Income

$363M10.2% margin

Net Income

$540M15.2% margin

EPS (Diluted)

$1.34

QoQ Revenue Growth

-1.5%

Cash Flow

Operating Cash Flow

$394M

Free Cash Flow

$362M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$10.3B

Total Liabilities

$15.0B

Stockholders' Equity

-$4.9B

Cash & Equivalents

$827M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.5B	$3.5B	+0.7%
Gross Profit	$1.1B	$1.0B	+3.1%
Operating Income	$363M	$571M	-36.4%
Net Income	$540M	$376M	+43.6%

Revenue Segments

Services

$2.2B63%

New Equipment

$1.3B37%

Geographic Segments

Other

$2.0B57%

UNITED STATES

$1.1B30%

CHINA

$469M13%