---
schema_version: "secwatch.filing_event.v1"
accession: "0001781335-22-000012"
form_type: "8-K"
ticker: "OTIS"
cik: "0001781335"
company_name: "Otis Worldwide Corp"
filed_at: "2022-04-25T23:59:59+00:00"
generated_at: "2026-06-26T05:06:30.953243+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Otis Q1 adj EPS $0.77 (+6.9% YoY); organic sales +3.1%; revises FY outlook excluding Russia

## Summary
- Net sales $3.4B (+0.2% reported, +3.1% organic); GAAP EPS $0.73 (+2.8%).
- Adjusted EPS $0.77 (+6.9%); adjusted operating margin 15.9% (+30bps).
- New Equipment orders +8.8% constant currency; backlog +6% constant currency; Service organic +5.8%.
- Completed $200M buyback, repaid $500M debt; increased dividend >20%.
- FY 2022 outlook: organic sales +3-4%, adj EPS $3.22-$3.27, FCF ~$1.6B (excl. Russia).

## SEC filing metadata
- accession: 0001781335-22-000012
- form_type: 8-K
- ticker: OTIS
- cik: 0001781335
- company_name: Otis Worldwide Corp
- filed_at: 2022-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1781335/000178133522000012/0001781335-22-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1781335/000178133522000012/otis-20220425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001781335-22-000012
- JSON: https://secwatch.observer/filing/0001781335-22-000012.json
- Plain text: https://secwatch.observer/filing/0001781335-22-000012.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.