Otis Worldwide said net sales for Q1 2025 were $3.3 billion, down 3% from the prior year, and organic sales were flat. The company said the decline in net sales was mainly in New Equipment in China.

1. 01

   Otis Worldwide said net sales for Q1 2025 were $3.3 billion, down 3% from the prior year, and organic sales were flat. The company said the decline in net sales was mainly in New Equipment in China.

2. 02

   The company said GAAP operating profit for Q1 was $411 million, down $133 million, and that GAAP operating profit margin fell 350 basis points to 12.3%. Adjusted operating profit was $560 million, and adjusted operating profit margin rose 40 basis points to 16.7%.

3. 03

   Otis said Service net sales for Q1 rose 1% to $2.2 billion, with organic sales up 4%. It said New Equipment net sales fell 9% to $1.2 billion. The company also said segment operating profit margin was 24.6% for Service and 5.7% for New Equipment.

4. 04

   Otis said cash flow from operations for Q1 was $190 million, and adjusted free cash flow was $186 million. In the same quarter, the cash flow statement showed $253 million paid for share repurchases and $155 million paid in dividends.

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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