Otis Q1 sales fall 3% to $3.35 billion; adjusted EPS up 5% to $0.92
Otis reported first quarter 2025 net sales of $3.35 billion, down 3% from a year earlier, with organic sales flat. GAAP earnings per share fell 29% to $0.61, while adjusted EPS rose 5% to $0.92, and the company revised its full-year 2025 outlook. The mix of lower sales and GAAP profit alongside higher adjusted EPS leaves shareholders weighing the company's adjusted measures against its GAAP results.
Key points
- Net sales of $3.35 billion, down 3%; organic sales flat, with New Equipment sales down 9% and a greater than 20% decline in China.
- GAAP EPS of $0.61, down 29%, driven by UpLift transformation costs, separation-related adjustments and other non-recurring items; adjusted EPS of $0.92, up 5%.
- Full-year 2025 outlook: net sales of $14.6 to $14.8 billion and adjusted EPS of $4.00 to $4.10; adjusted free cash flow of approximately $1.6 billion.
- Share repurchases of approximately $250 million in the quarter; a dividend increase was announced April 22, 2025.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 23, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.