The company said net sales for Q1 rose 2.7% to $3,437 million, and organic sales grew 3.8%. GAAP EPS increased 8.9% to $0.86, and adjusted EPS rose 10.0% to $0.88.

1. 01

   The company said net sales for Q1 rose 2.7% to $3,437 million, and organic sales grew 3.8%. GAAP EPS increased 8.9% to $0.86, and adjusted EPS rose 10.0% to $0.88.

2. 02

   Otis said Service net sales for Q1 rose 5.8% to $2,157 million, and organic sales grew 6.5%. Service segment operating profit increased $44 million to $523 million, and the company cited higher volume and favorable pricing and productivity as factors.

3. 03

   The company said cash from operations for Q1 decreased $107 million to $171 million, and adjusted free cash flow fell $98 million to $155 million. It said changes in working capital more than offset the increase in net income.

4. 04

   The company said it is raising its full-year adjusted EPS outlook to $3.83 to $3.90 and increasing its full-year share repurchase target to $1 billion. Its full-year net sales outlook is $14.5 to $14.8 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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