OTIS Q4 2022 Earnings — Otis Worldwide Corporation Revenue & Financial Results | Market Cap Arena

OTISOtis Worldwide Corporation

$34B

Q4 2022 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$3.4B-3.6% YoY

Gross Profit

$960M27.9% margin

Operating Income

$491M14.3% margin

Net Income

$297M8.6% margin

EPS (Diluted)

$0.71

QoQ Revenue Growth

+2.8%

Cash Flow

Operating Cash Flow

$464M

Free Cash Flow

$430M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$9.8B

Total Liabilities

$14.5B

Stockholders' Equity

-$4.9B

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.4B	$3.6B	-3.6%
Gross Profit	$960M	$1.0B	-7.6%
Operating Income	$491M	$496M	-1.0%
Net Income	$297M	$281M	+5.7%

Revenue Segments

Services

$2.0B58%

New Equipment

$1.5B42%

Geographic Segments

Other

$1.9B54%

UNITED STATES

$961M28%

CHINA

$622M18%