Short answer
Otis Worldwide (OTIS) filed its Q1 2025 10-Q quarterly report on Apr 24, 2025 for the quarter ended Mar 31, 2025. Quarterly revenue was $3.4B (down 2.5% year over year) with net income of $243M.
Q1 2025 key financials · XBRL
- Revenue
- $3.4B
- −2.5% YoY
- Net income
- $243M
- −31.2% YoY
- Operating margin
- 12.3%
- EPS (diluted)
- $0.61
- −29.1% YoY
Source: XBRL data from the Otis Worldwide (OTIS) Q1 2025 10-Q on SEC EDGAR. USD.
Otis Worldwide Q1 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New restructuring risk: $40 million charges from China operations reorganization announced January 2025, mostly to complete by year-end 2025
- Most materially updated risk: Separation-related adjustments $52 million and litigation settlement costs $21 million causing $(103) million swing in Other income (expense), net
- Regulatory/legal risk: $52 million indemnification expense from German tax litigation impacting effective tax rate (30.1% vs 25.2%) and increased reserves
- Operational risk: New Equipment organic sales down (7)% driven by >20% decline in China and high single-digit decline in Americas offset by 10% growth in Asia Pacific
- Financial risk: Increased total debt to $8.4 billion with net debt to capitalization at 452%, and repayment of $1.3 billion notes in April 2025 using domestic cash reserves
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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