• Otis posted Q1 2026 net income of $340 million, up 40%.
• Net sales climbed 6% to $3.6 billion.
• Operating profit rose to $539 million, lifting operating margin by 2.8 percentage points to 15.1% on a favorable comparison tied to prior-year UpLift transformation costs, separation-related adjustments, and other non-recurring items.
• Service net sales increased 11% to $2.4 billion, while operating cash flow improved to $413 million.
• Otis repurchased about $400 million of shares, announced a majority investment in WeMaintain, and revised 2026 outlook to net sales of $15.1 billion to $15.3 billion with adjusted EPS of $4.20 to $4.24.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Otis Worldwide Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001781335-26-000072), on April 22, 2026, and is solely responsible for the information contained therein.