earnings
confidence high
sentiment neutral
materiality 0.80
Otis Q1 adjusted EPS up 5% to $0.92; Service op margin expands 40 bps; FY outlook revised for tariffs
Otis Worldwide Corp
2025-Q1 EPS reported
$0.61
revenue$3,350,000,000
- GAAP EPS $0.61 (-29% YoY); adjusted EPS $0.92 (+5%); net sales $3.35B (organic flat).
- Service organic sales +4%, operating margin 24.6% (+40 bps); maintenance portfolio units +4%.
- New Equipment orders -1% constant currency, backlog -3%; China sales decline >20%.
- FY adjusted EPS outlook $4.00-$4.10 (+4-7%), incorporates $45-75M tariff headwind.
- Q1 adjusted free cash flow $186M; share repurchases ~$250M; dividend increased 5th straight year.