Otis Q1 net sales +6% to $3.57B; adj EPS -3% to $0.89; modern orders +11% CC

Otis Worldwide Corp

2026-Q1 EPS reported $0.87 revenue$3,566,000,000

GAAP EPS $0.87 (+43%); adjusted EPS $0.89 (-3%). Net sales $3.57B (+6%, organic +1%).
Service net sales +11% (organic +5%); repair +16% (organic ~10%). Modernization orders +11% constant currency.
New Equipment sales -1% (-5% organic); China declined >20%. Segment margin 3.3% (-240 bps).
Operating cash flow $413M; adjusted free cash flow $272M. Share repurchases ~$400M in Q1.
Full year guidance revised: net sales $15.1-15.3B, adj EPS $4.20-4.24, adj FCF $1.60-1.65B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Otis Worldwide Corp reported first quarter 2026 results: revenue $3.6 billion, net income $340, EPS $0.87.

Period: first quarter 2026
Revenue: $3.6 billion
Net income: $340
EPS: $0.87
Result: reported results

Exact text from the filing

OTIS REPORTS FIRST QUARTER 2026 RESULTS Otis delivers net sales growth of 6%, driven by Service with growth in all lines of business, led by repair • Net sales up 6% and organic sales up 1%, driven by Service net sales up 11% with organic sales up 5% • Repair net sales up 16% with organic sales up approximately 10% • Modernization orders up 11% at constant currency, backlog up 32%, 30% at constant currency • New Equipment orders up 1% at constant currency, backlog up 6%, 3% at constant currency • Operating cash flow of $413 million; adjusted free cash flow of $272 million • Share repurchases of approximately $400 million FARMINGTON, Conn., April 22, 2026 – Otis Worldwide Corporation (NYSE:OTIS) reported first quarter 2026 net sales of $3.6 billion with organic sales up 1% versus the prior year. GAAP earnings per share (EPS) increased 43% to $0.87 and adjusted EPS decreased 3% to $0.89. "Otis delivered a solid quarter, with net sales up 6%. All Service lines of business grew, led by rep

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Source: SEC EDGAR

accession 0001781335-26-000072

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