Otis Q4 adj EPS $0.72 (+9.1%), FY adj EPS $3.01 (+19.4%); guides FY2022 adj EPS $3.20-$3.30

Otis Worldwide Corp

2021-FY EPS reported $2.89 revenue$14,298,000,000

FY net sales $14.3B (+12.1%), organic +8.9%; Q4 net sales $3.57B (+2.2%).
FY GAAP EPS $2.89 (+38.9%), adj EPS $3.01 (+19.4%); Q4 GAAP $0.65, adj $0.72.
Q4 new equipment orders +7.3% (cc), FY +13.2%; backlog +3% at cc.
FY free cash flow $1.6B (128% of net income); 2022 FCF guidance ~$1.6B.
2022 outlook: organic sales +2.5-4.5%, adj EPS $3.20-$3.30 (up 6-10%).

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