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began, call, CODM, established, investor, IRS, low, notified, reconciled, reconciliation, Red, Sea, Senior, transparency, transport, Unallocated, Unconsolidated
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Financial report summary
?Competition
KoneManagement Discussion
- The Organic volume increase of 3.8% for the quarter ended March 31, 2024 was driven by an increase in organic sales of 6.5% in Service, partially offset by a decrease of (0.5)% in New Equipment organic sales.
- See the "Segment Review" section for a discussion of Net sales by segment.
- The organic increase in Total cost of products and services sold for the quarter ended March 31, 2024 was primarily driven by the organic sales increases noted above. Inflationary pressures, including annual wage increases, were mitigated by productivity and lower commodity prices, primarily steel.