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OTIS REPORTS FIRST QUARTER 2023 RESULTS

PR Newswire - Wed Apr 26, 2023

Delivers solid first quarter results driven by mid-single digit organic Service growth and strong New Equipment orders performance

FARMINGTON, Conn., April 26, 2023 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported first quarter 2023 net sales of $3.3 billion with 3.6% organic growth. GAAP diluted earnings per share (EPS) of $0.79 was up 8.2% versus the prior year and adjusted EPS increased 5.3% to $0.80.

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