Discontinued — last reported Q4 '23
New Equipment — Net restructuring costs
Otis Worldwide New Equipment — Net restructuring costs decreased by 20.0% to $8.00M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 60.0%, from $5.00M to $8.00M. Over 2 years (FY 2021 to FY 2023), New Equipment — Net restructuring costs shows relatively stable performance with a 0.0% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
Lower costs are generally preferred, though high costs may signal necessary investments in future operational efficiency.
Detailed definition
Captures the net expenses associated with reorganizing the new equipment segment's operations, including severance, faci...
Peer comparison
Similar to 'Restructuring Charges' or 'Transformation Costs' found in industrial manufacturing peer reports.
otis_segment_new_equipment_net_restructuring_costsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $5.75M | $5.75M | $5.75M | $4.00M | $12.00M | $2.00M | $5.00M | $2.00M | $3.00M | $10.00M | $8.00M |
| QoQ Change | — | +0.0% | +0.0% | -30.4% | +200.0% | -83.3% | +150.0% | -60.0% | +50.0% | +233.3% | -20.0% |
| YoY Change | — | — | — | — | +108.7% | -65.2% | -13.0% | -50.0% | -75.0% | +400.0% | +60.0% |
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Frequently Asked Questions
- What is Otis Worldwide's new equipment — net restructuring costs?
- Otis Worldwide (OTIS) reported new equipment — net restructuring costs of $8.00M in Q4 2023.
- How has Otis Worldwide's new equipment — net restructuring costs changed year-over-year?
- Otis Worldwide's new equipment — net restructuring costs increased by 60.0% year-over-year, from $5.00M to $8.00M.
- What is the long-term trend for Otis Worldwide's new equipment — net restructuring costs?
- Over 2 years (2021 to 2023), Otis Worldwide's new equipment — net restructuring costs has grown at a 0.0% compound annual growth rate (CAGR), from $23.00M to $23.00M.
- What does new equipment — net restructuring costs mean?
- The net costs incurred to reorganize and improve the efficiency of the new equipment business.