secwatch.observer — SEC 8-K summary
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Issuer:     Otis Worldwide Corp (OTIS)
CIK:        0001781335
Form:       8-K
Filed at:   2022-01-31T23:59:59+00:00
Accession:  0001781335-22-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781335/000178133522000003/0001781335-22-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781335/000178133522000003/otis-20220131.htm
  HTML page:      https://secwatch.observer/filing/0001781335-22-000003

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