Discontinued — last reported Q4 '23
Service — Net restructuring costs
Otis Worldwide Service — Net restructuring costs increased by 90.9% to $21.00M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 110.0%, from $10.00M to $21.00M. Over 2 years (FY 2021 to FY 2023), Service — Net restructuring costs shows an upward trend with a 12.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
High costs signal significant operational transformation, which may temporarily depress margins but often precedes improved long-term profitability and efficiency.
Detailed definition
Captures the net expenses incurred to reorganize, consolidate, or streamline the service segment's operations, including...
Peer comparison
Comparable to 'Restructuring Charges' or 'Transformation Costs' found in the SG&A or operating expense sections of industrial service companies.
otis_segment_service_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 | $8.25M | $8.25M | $8.25M | $10.00M | $13.00M | $4.00M | $10.00M | $3.00M | $7.00M | $11.00M | $21.00M |
| QoQ Change | — | +0.0% | +0.0% | +21.2% | +30.0% | -69.2% | +150.0% | -70.0% | +133.3% | +57.1% | +90.9% |
| YoY Change | — | — | — | — | +57.6% | -51.5% | +21.2% | -70.0% | -46.2% | +175.0% | +110.0% |
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Frequently Asked Questions
- What is Otis Worldwide's service — net restructuring costs?
- Otis Worldwide (OTIS) reported service — net restructuring costs of $21.00M in Q4 2023.
- How has Otis Worldwide's service — net restructuring costs changed year-over-year?
- Otis Worldwide's service — net restructuring costs increased by 110.0% year-over-year, from $10.00M to $21.00M.
- What is the long-term trend for Otis Worldwide's service — net restructuring costs?
- Over 2 years (2021 to 2023), Otis Worldwide's service — net restructuring costs has grown at a 12.8% compound annual growth rate (CAGR), from $33.00M to $42.00M.
- What does service — net restructuring costs mean?
- The net cost of reorganizing or downsizing service operations.