The earnings call highlighted Otis Worldwide Corporation's strong service-driven business model, dividend increase, and achievements in modernization and service growth. However, challenges in new equipment sales, particularly in China and the Americas, and the impact of tariffs weighed on the company's performance. Despite these challenges, the company's strategic initiatives and recognition indicate resilience and a focus on future growth.

Company Guidance -

Q2 2025

During the first quarter of 2025 earnings call for Otis Worldwide Corporation, several key metrics and guidance points were discussed. The company reported flat organic sales, with service sales up 4% offsetting a decline in new equipment sales. Modernization orders saw a 12% increase, and the backlog grew by 14% at constant currency. The maintenance portfolio expanded by 4%, with an adjusted operating margin increasing by 40 basis points, resulting in a 5% growth in adjusted EPS. The company generated $186 million in adjusted free cash flow and executed $250 million in share repurchases. Otis Worldwide announced an 8% dividend increase, bringing the cumulative increase to 110% since its spin-off. The 2025 outlook includes net sales between $14.6 and $14.8 billion, with adjusted operating profit expected to be $2.4 to $2.5 billion, despite anticipated tariff impacts on new equipment operations. Adjusted free cash flow is projected at approximately $1.6 billion, with $800 million earmarked for share repurchases. The company anticipates service organic sales to grow between 5% and 7%, supported by a robust service-driven business model.

Five-Year Milestone and Shareholder Returns

Otis Worldwide Corporation celebrated its fifth anniversary as an independent public company, expanding adjusted operating profit margins by 220 basis points and growing adjusted EPS over 70% since 2019. The company has more than doubled its dividend and returned $6 billion of capital to shareholders.

Q1 Financial Performance

Otis Worldwide Corporation reported solid first-quarter results, with service organic sales growth of 4%, modernization orders up 12%, and a 14% increase in the backlog at constant currency. Adjusted EPS grew 5% in the quarter.

Dividend Increase

The company announced an 8% increase in its dividend, bringing the cumulative increase since the spin-off to approximately 110%.

Modernization and Service Growth

Modernization orders grew 12%, with China as a standout performer. The service portfolio grew 4% across all regions, with China showing low teens growth.

Recognition and Awards

Otis Worldwide Corporation was recognized by Fortune as one of the world's most admired companies and was named to Wall Street Journal's best managed companies list.

Otis Worldwide (OTIS) Earnings, Revenues Date & History

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OTIS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 23, 2025	2025 (Q2)	1.02 / -	1.06	―	―	―
Apr 23, 2025	2025 (Q1)	0.90 / 0.92	0.88	4.55% (+0.04)
Jan 29, 2025	2024 (Q4)	0.96 / 0.93	0.87	6.90% (+0.06)
Oct 30, 2024	2024 (Q3)	0.97 / 0.96	0.95	1.05% (+0.01)
Jul 24, 2024	2024 (Q2)	1.02 / 1.06	0.92	15.22% (+0.14)
Apr 24, 2024	2024 (Q1)	0.87 / 0.88	0.8	10.00% (+0.08)
Jan 31, 2024	2023 (Q4)	0.86 / 0.87	0.75	16.00% (+0.12)
Oct 25, 2023	2023 (Q3)	0.88 / 0.95	0.8	18.75% (+0.15)
Jul 26, 2023	2023 (Q2)	0.86 / 0.92	0.86	6.98% (+0.06)
Apr 26, 2023	2023 (Q1)	0.76 / 0.80	0.77	3.90% (+0.03)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

OTIS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 23, 2025	$98.52	$91.90	-6.72%
Jan 29, 2025	$95.08	$93.87	-1.27%
Oct 30, 2024	$100.14	$97.09	-3.05%
Jul 24, 2024	$96.78	$89.94	-7.07%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.