Quarterly ResultApr 22, 2026, 06:12 AM
Otis Reports Q1 2026 Net Sales Up 6%, Organic Sales Up 1%
AI Summary
Otis Worldwide Corporation announced its first quarter 2026 results, reporting a 6% increase in net sales and 1% organic sales growth. The strong performance was primarily driven by its Service segment, which saw net sales climb 11% and organic sales grow 5%, led by robust repair activity across all lines of business. This indicates healthy operational performance and demand for Otis's service offerings.
Key Highlights
- Net sales increased by 6% in Q1 2026.
- Organic sales grew by 1% in Q1 2026.
- Service net sales rose by 11% in Q1 2026.
- Service organic sales increased by 5% in Q1 2026.
- Growth was driven by Service, particularly repair.