Otis Q1 Profit Rises on Strong Service Demand, Maintenance Services Drive Growth

Otis Worldwide Corporation reported a rise in quarterly profit due to strong demand for its service business. The company's net sales break down by activity with 62.4% from maintenance and repair services and 37.6% from the sale of elevation systems. Geographically, net sales are distributed with 29.7% in the United States, 13.5% in China, and 56.8% in other regions.