---
schema_version: "secwatch.filing_event.v1"
accession: "0001781335-22-000034"
form_type: "8-K"
ticker: "OTIS"
cik: "0001781335"
company_name: "Otis Worldwide Corp"
filed_at: "2022-07-27T23:59:59+00:00"
generated_at: "2026-06-24T08:16:43.008297+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Otis Q2 adj EPS $0.86 +11.7%, NE orders +16.5%, revises FY outlook to adj EPS $3.17-$3.21

## Summary
- GAAP EPS flat at $0.76; adjusted EPS $0.86 (+11.7%); net sales $3.49B (-5.8% reported, +0.4% organic)
- New Equipment orders up 16.5%; backlog up 6% (adjusted +10% at constant currency)
- Service segment organic sales +5.2%; adjusted op margin expanded 50 bps to 23.1%
- Free cash flow $800M YTD (127% of net income); FY free cash flow guidance ~$1.6B
- 2022 outlook: organic sales +2.5-3.5%, adj EPS $3.17-$3.21, up 7-9%

## SEC filing metadata
- accession: 0001781335-22-000034
- form_type: 8-K
- ticker: OTIS
- cik: 0001781335
- company_name: Otis Worldwide Corp
- filed_at: 2022-07-27T23:59:59+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/1781335/000178133522000034/0001781335-22-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1781335/000178133522000034/otis-20220727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001781335-22-000034
- JSON: https://secwatch.observer/filing/0001781335-22-000034.json
- Plain text: https://secwatch.observer/filing/0001781335-22-000034.txt

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