How did Otis Worldwide's revenue and expenses trend in Q4 2024?

Otis Worldwide's revenue and expenses in Q4 2024 showed a clear segmentation based on the company's business and equipment types. Here's a detailed analysis: 1. **Revenue Segmentation**: - Otis Worldwide's revenue was reported at $8.89 billion for the quarter. This was derived from various business segments, with the most significant contributions coming from: - Service: $6.58 billion - New Equipment: $5.37 billion - The remaining revenue was distributed among other segments, including $2.19 billion from Service and $1.16 billion from New Equipment. 2. **Net Income**: The company's net income for the quarter was $353 million. This figure indicates the profitability of the company during the period, which is a key metric for investors and management alike. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |OTIS|OTIS.N|Otis Worldwide|20240101-2024|Service|8.894E9|169| |OTIS|OTIS.N|Otis Worldwide|20240101-2024|Service|6.576E9|169| |OTIS|OTIS.N|Otis Worldwide|20240101-2024|Service|4.337E9|169| |OTIS|OTIS.N|Otis Worldwide|20240101-2024|New Equipment|1.28E9|169| |OTIS|OTIS.N|Otis Worldwide|20240101-2024|Service|2.157E9|169| |OTIS|OTIS.N|Otis Worldwide|20240101-2024|New Equipment|1.28E9|169| |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |OTIS|OTIS.N|Otis Worldwide|2024 Q1|6.25|3.74E8|169| |OTIS|OTIS.N|Otis Worldwide|2024 Q2|10.565110565110565|4.5E8|169| |OTIS|OTIS.N|Otis Worldwide|2024 Q3|41.01265822784811|5.57E8|169| |OTIS|OTIS.N|Otis Worldwide|2024 Q4|2.616279069767442|3.53E8|169| 3. **Operating Expenses**: The data for operating expenses is not provided in the report. However, it's important to note that operating expenses are a critical component of the company's financial performance, affecting both profitability and cash flow. 4. **Trends and Insights**: Otis Worldwide's revenue in Q4 2024 was robust, with significant contributions from both Service and New Equipment segments. The net income of $353 million suggests that the company was profitable during the quarter, which is a positive indicator for stakeholders. To further understand the company's financial health, it would be beneficial to analyze the operating expenses and compare them with the revenue figures. This would provide insights into the company's cost management and profitability margins.