OTIS Q4 2023 Earnings — Otis Worldwide Corporation Revenue & Financial Results | Market Cap Arena

OTISOtis Worldwide Corporation

$34B

Q4 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$3.6B+5.3% YoY

Gross Profit

$1.1B29.5% margin

Operating Income

$522M14.4% margin

Net Income

$323M8.9% margin

EPS (Diluted)

$0.79

QoQ Revenue Growth

+2.8%

Cash Flow

Operating Cash Flow

$597M

Free Cash Flow

$555M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$10.1B

Total Liabilities

$14.8B

Stockholders' Equity

-$4.9B

Cash & Equivalents

$1.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.6B	$3.4B	+5.3%
Gross Profit	$1.1B	$960M	+11.3%
Operating Income	$522M	$491M	+6.3%
Net Income	$323M	$297M	+8.8%

Revenue Segments

Services

$2.2B60%

New Equipment

$1.5B40%

Geographic Segments

Other

$2.0B55%

UNITED STATES

$1.0B28%

CHINA

$612M17%