Apr. 23 at 10:50 AM
$OTIS Otis Worldwide reports Q1 adjusted EPS 92c, consensus 91c
Reports Q1 revenue
$3.35B, consensus
$3.42B. "Otis delivered solid performance supported by the strength of our Service segment, which contributed mid-single digit organic sales growth and 40 basis points of operating profit margin expansion. We continued to execute our modernization strategy with orders up 12% leading to a mid-teens backlog growth that sets us up well for the rest of the year.
We also grew our industry leading maintenance portfolio 4% again this quarter," said chair, CEO and president Judy Marks. "With this strong performance, confidence in our strategy, and commitment to creating value for our shareholders, yesterday we announced a dividend increase for the fifth consecutive year."