Otis Worldwide (OTIS) Misses Q1 EPS by 1c, Beats on Revenue; Offers FY26 Guidance

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Go back to Otis Worldwide (OTIS) Misses Q1 EPS by 1c, Beats on Revenue; Offers FY26 Guidance

OTIS REPORTS FIRST QUARTER 2026 RESULTS

April 22, 2026 6:12 AM EDT

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 repair sales up approximately 10%Modernization orders up 11% at constant currency, backlog up 32%, 30% at constant currencyNew Equipment orders up 1% at constant currency, backlog up 6%, 3% at constant currencyOperating cash flow of $413 million; adjusted free cash flow of $272... More