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
$100.26Market Cap
$40.05 BillionTotal Outstanding Shares
399.46 Million SharesTotal Employees
71,000Dividend
$0.39 Per Share QuarterlyIPO Date
March 18, 2020SIC Description
Electronic & Other Electrical Equipment (no Computer Equip)Homepage
https://www.otis.com
Historical Stock Splits
Execution Date | Split Amount |
---|---|
No Historical Stock Splits |
Cash Flow Statement
October 1, 2023 to September 30, 2024
Metric | Value |
---|---|
Net Cash Flow From Operating Activities, Continuing | $1.47 Billion |
Net Cash Flow | $-809.00 Million |
Net Cash Flow From Investing Activities | $-261.00 Million |
Net Cash Flow, Continuing | $-825.00 Million |
Net Cash Flow From Financing Activities | $-2.03 Billion |
Net Cash Flow From Investing Activities, Continuing | $-261.00 Million |
Net Cash Flow From Operating Activities | $1.47 Billion |
Net Cash Flow From Financing Activities, Continuing | $-2.03 Billion |
Exchange Gains/Losses | $16.00 Million |
Income Statement
October 1, 2023 to September 30, 2024
Metric | Value |
---|---|
Basic Earnings Per Share | $4.05 |
Selling, General, and Administrative Expenses | $1.86 Billion |
Other Operating Expenses | $10.19 Billion |
Income Tax Expense/Benefit | $308.00 Million |
Revenues | $14.21 Billion |
Costs And Expenses | $11.97 Billion |
Benefits Costs and Expenses | $12.17 Billion |
Income/Loss From Continuing Operations Before Tax | $2.03 Billion |
Net Income/Loss Available To Common Stockholders, Basic | $1.63 Billion |
Net Income/Loss Attributable To Noncontrolling Interest | $94.00 Million |
Net Income/Loss Attributable To Parent | $1.63 Billion |
Preferred Stock Dividends And Other Adjustments | $0.00 |
Operating Income/Loss | $2.00 Billion |
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0.00 |
Basic Average Shares | $401.50 Million |
Net Income/Loss | $1.73 Billion |
Diluted Average Shares | $404.20 Million |
Diluted Earnings Per Share | $4.02 |
Income Tax Expense/Benefit, Deferred | $-53.00 Million |
Operating Expenses | $12.21 Billion |
Income/Loss From Continuing Operations After Tax | $1.73 Billion |
Research and Development | $152.00 Million |
Common Stock Dividends | $1.46 |
Balance Sheet
October 1, 2023 to September 30, 2024
Metric | Value |
---|---|
Fixed Assets | $721.00 Million |
Other Current Assets | $5.87 Billion |
Equity Attributable To Noncontrolling Interest | $66.00 Million |
Noncurrent Liabilities | $6.94 Billion |
Current Assets | $6.50 Billion |
Assets | $10.26 Billion |
Current Liabilities | $8.10 Billion |
Liabilities | $15.04 Billion |
Noncurrent Assets | $3.77 Billion |
Other Non-current Assets | $2.71 Billion |
Equity Attributable To Parent | $-4.90 Billion |
Equity | $-4.83 Billion |
Redeemable Noncontrolling Interest | $55.00 Million |
Accounts Payable | $1.78 Billion |
Other Current Liabilities | $6.32 Billion |
Intangible Assets | $330.00 Million |
Inventory | $625.00 Million |
Other Non-current Liabilities | $48.00 Million |
Temporary Equity | $55.00 Million |
Liabilities And Equity | $10.26 Billion |
Long-term Debt | $6.90 Billion |
Historical Dividends
Current dividend: $0.39 Per Share Quarterly
Announcement Date | Payment Date | Record Date | Amount | Frequency |
---|---|---|---|---|
Oct 31, 2024 | Dec 6, 2024 | Nov 15, 2024 | $0.39 | Quarterly |
Jul 25, 2024 | Sep 6, 2024 | Aug 16, 2024 | $0.39 | Quarterly |
Apr 23, 2024 | Jun 7, 2024 | May 17, 2024 | $0.39 | Quarterly |
Feb 1, 2024 | Mar 8, 2024 | Feb 16, 2024 | $0.34 | Quarterly |
Oct 26, 2023 | Dec 8, 2023 | Nov 17, 2023 | $0.34 | Quarterly |
Jul 27, 2023 | Sep 8, 2023 | Aug 18, 2023 | $0.34 | Quarterly |
Apr 25, 2023 | Jun 9, 2023 | May 19, 2023 | $0.34 | Quarterly |
Feb 2, 2023 | Mar 10, 2023 | Feb 17, 2023 | $0.29 | Quarterly |
Oct 27, 2022 | Dec 10, 2022 | Nov 18, 2022 | $0.29 | Quarterly |
Jul 28, 2022 | Sep 10, 2022 | Aug 19, 2022 | $0.29 | Quarterly |
Apr 22, 2022 | Jun 10, 2022 | May 20, 2022 | $0.29 | Quarterly |
Feb 3, 2022 | Mar 10, 2022 | Feb 18, 2022 | $0.24 | Quarterly |
Oct 28, 2021 | Dec 10, 2021 | Nov 19, 2021 | $0.24 | Quarterly |
Jul 29, 2021 | Sep 10, 2021 | Aug 20, 2021 | $0.24 | Quarterly |
Apr 19, 2021 | Jun 10, 2021 | May 21, 2021 | $0.24 | Quarterly |
Feb 4, 2021 | Mar 10, 2021 | Feb 12, 2021 | $0.2 | Quarterly |
Sep 18, 2020 | Dec 10, 2020 | Nov 20, 2020 | $0.2 | Quarterly |
Jul 27, 2020 | Sep 10, 2020 | Aug 21, 2020 | $0.2 | Quarterly |
May 6, 2020 | Jun 10, 2020 | May 22, 2020 | $0.2 | Quarterly |
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