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

    $100.98

  • Market Cap

    $40.34 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

October 1, 2023 to September 30, 2024
MetricValue
Net Cash Flow From Investing Activities$-261.00 Million
Net Cash Flow$-809.00 Million
Net Cash Flow, Continuing$-825.00 Million
Net Cash Flow From Operating Activities, Continuing$1.47 Billion
Net Cash Flow From Investing Activities, Continuing$-261.00 Million
Net Cash Flow From Operating Activities$1.47 Billion
Exchange Gains/Losses$16.00 Million
Net Cash Flow From Financing Activities, Continuing$-2.03 Billion
Net Cash Flow From Financing Activities$-2.03 Billion

Income Statement

October 1, 2023 to September 30, 2024
MetricValue
Diluted Average Shares$404.20 Million
Other Operating Expenses$10.19 Billion
Income Tax Expense/Benefit, Deferred$-53.00 Million
Costs And Expenses$11.97 Billion
Net Income/Loss Attributable To Parent$1.63 Billion
Income/Loss From Continuing Operations Before Tax$2.03 Billion
Operating Expenses$12.21 Billion
Operating Income/Loss$2.00 Billion
Preferred Stock Dividends And Other Adjustments$0.00
Basic Earnings Per Share$4.05
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic$0.00
Benefits Costs and Expenses$12.17 Billion
Net Income/Loss Available To Common Stockholders, Basic$1.63 Billion
Income Tax Expense/Benefit$308.00 Million
Net Income/Loss Attributable To Noncontrolling Interest$94.00 Million
Diluted Earnings Per Share$4.02
Research and Development$152.00 Million
Selling, General, and Administrative Expenses$1.86 Billion
Common Stock Dividends$1.46
Income/Loss From Continuing Operations After Tax$1.73 Billion
Revenues$14.21 Billion
Basic Average Shares$401.50 Million
Net Income/Loss$1.73 Billion

Balance Sheet

October 1, 2023 to September 30, 2024
MetricValue
Other Non-current Assets$2.71 Billion
Liabilities And Equity$10.26 Billion
Other Current Liabilities$6.32 Billion
Liabilities$15.04 Billion
Intangible Assets$330.00 Million
Other Non-current Liabilities$48.00 Million
Current Liabilities$8.10 Billion
Long-term Debt$6.90 Billion
Temporary Equity$55.00 Million
Accounts Payable$1.78 Billion
Equity$-4.83 Billion
Fixed Assets$721.00 Million
Other Current Assets$5.87 Billion
Noncurrent Liabilities$6.94 Billion
Equity Attributable To Parent$-4.90 Billion
Redeemable Noncontrolling Interest$55.00 Million
Inventory$625.00 Million
Assets$10.26 Billion
Noncurrent Assets$3.77 Billion
Equity Attributable To Noncontrolling Interest$66.00 Million
Current Assets$6.50 Billion

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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