secwatch.observer — SEC 8-K summary
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Issuer:     Otis Worldwide Corp (OTIS)
CIK:        0001781335
Form:       8-K
Filed at:   2021-07-26T23:59:59+00:00
Accession:  0001781335-21-000046
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Otis Q2 2021: revenue $3.7B, adj EPS $0.79, raises FY2021 outlook
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- Q2 net sales $3.7B (+22.2%); GAAP EPS $0.76 (+46.2%), adj. EPS $0.79 (+41.1%).
- New Equipment orders +23.9% at constant currency; backlog +5% constant currency.
- Free cash flow $493M (151% conversion); YTD share repurchases $0.5B, target raised to $750M.
- FY2021 outlook raised: organic sales +7.5-8%, adj. EPS $2.89-$2.93, FCF $1.45-$1.5B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781335/000178133521000046/0001781335-21-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781335/000178133521000046/otis-20210726.htm
  HTML page:      https://secwatch.observer/filing/0001781335-21-000046

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer