Otis Worldwide Corporation (OTIS)

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About

Business overview of Otis Worldwide Corporation (OTIS)
Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.

Key Insights

Critical company metrics and information
  • Share Price

    $99.80
  • Market Cap

    $39.87 Billion
  • Total Outstanding Shares

    399.46 Million Shares
  • Total Employees

    71,000
  • Dividend

    $0.39 Per Share Quarterly
  • IPO Date

    March 18, 2020
  • SIC Description

    Electronic & Other Electrical Equipment (no Computer Equip)
  • Homepage

    https://www.otis.com

Historical Stock Splits

Execution DateSplit Amount
No Historical Stock Splits

Cash Flow Statement

July 1, 2024 to September 30, 2024
MetricValue
Net Cash Flow From Investing Activities, Continuing$-113.00 Million
Net Cash Flow From Financing Activities, Continuing$-423.00 Million
Net Cash Flow From Operating Activities$394.00 Million
Exchange Gains/Losses$23.00 Million
Net Cash Flow From Operating Activities, Continuing$394.00 Million
Net Cash Flow From Financing Activities$-423.00 Million
Net Cash Flow$-119.00 Million
Net Cash Flow, Continuing$-142.00 Million
Net Cash Flow From Investing Activities$-113.00 Million

Income Statement

July 1, 2024 to September 30, 2024
MetricValue
Other Operating Expenses$2.69 Billion
Common Stock Dividends$0.39
Income Tax Expense/Benefit, Deferred$-1.00 Million
Benefits Costs and Expenses$3.04 Billion
Costs And Expenses$2.96 Billion
Operating Income/Loss$363.00 Million
Diluted Earnings Per Share$1.34
Diluted Average Shares$402.70 Million
Income/Loss From Continuing Operations Before Tax$512.00 Million
Preferred Stock Dividends And Other Adjustments$0.00
Net Income/Loss Attributable To Parent$540.00 Million
Net Income/Loss Available To Common Stockholders, Basic$540.00 Million
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic$0.00
Selling, General, and Administrative Expenses$455.00 Million
Net Income/Loss Attributable To Noncontrolling Interest$17.00 Million
Operating Expenses$3.19 Billion
Income/Loss From Continuing Operations After Tax$557.00 Million
Net Income/Loss$557.00 Million
Research and Development$40.00 Million
Basic Average Shares$400.20 Million
Revenues$3.55 Billion
Income Tax Expense/Benefit$-45.00 Million
Basic Earnings Per Share$1.35

Balance Sheet

July 1, 2024 to September 30, 2024
MetricValue
Current Liabilities$8.10 Billion
Intangible Assets$330.00 Million
Noncurrent Liabilities$6.94 Billion
Other Current Assets$5.87 Billion
Accounts Payable$1.78 Billion
Equity$-4.83 Billion
Other Non-current Liabilities$48.00 Million
Other Non-current Assets$2.71 Billion
Assets$10.26 Billion
Inventory$625.00 Million
Other Current Liabilities$6.32 Billion
Equity Attributable To Parent$-4.90 Billion
Current Assets$6.50 Billion
Noncurrent Assets$3.77 Billion
Equity Attributable To Noncontrolling Interest$66.00 Million
Liabilities And Equity$10.26 Billion
Liabilities$15.04 Billion
Redeemable Noncontrolling Interest$55.00 Million
Long-term Debt$6.90 Billion
Fixed Assets$721.00 Million
Temporary Equity$55.00 Million

Historical Dividends

Current dividend: $0.39 Per Share Quarterly
Announcement DatePayment DateRecord DateAmountFrequency
Oct 31, 2024Dec 6, 2024Nov 15, 2024$0.39Quarterly
Jul 25, 2024Sep 6, 2024Aug 16, 2024$0.39Quarterly
Apr 23, 2024Jun 7, 2024May 17, 2024$0.39Quarterly
Feb 1, 2024Mar 8, 2024Feb 16, 2024$0.34Quarterly
Oct 26, 2023Dec 8, 2023Nov 17, 2023$0.34Quarterly
Jul 27, 2023Sep 8, 2023Aug 18, 2023$0.34Quarterly
Apr 25, 2023Jun 9, 2023May 19, 2023$0.34Quarterly
Feb 2, 2023Mar 10, 2023Feb 17, 2023$0.29Quarterly
Oct 27, 2022Dec 10, 2022Nov 18, 2022$0.29Quarterly
Jul 28, 2022Sep 10, 2022Aug 19, 2022$0.29Quarterly
Apr 22, 2022Jun 10, 2022May 20, 2022$0.29Quarterly
Feb 3, 2022Mar 10, 2022Feb 18, 2022$0.24Quarterly
Oct 28, 2021Dec 10, 2021Nov 19, 2021$0.24Quarterly
Jul 29, 2021Sep 10, 2021Aug 20, 2021$0.24Quarterly
Apr 19, 2021Jun 10, 2021May 21, 2021$0.24Quarterly
Feb 4, 2021Mar 10, 2021Feb 12, 2021$0.2Quarterly
Sep 18, 2020Dec 10, 2020Nov 20, 2020$0.2Quarterly
Jul 27, 2020Sep 10, 2020Aug 21, 2020$0.2Quarterly
May 6, 2020Jun 10, 2020May 22, 2020$0.2Quarterly

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