---
schema_version: "secwatch.filing_event.v1"
accession: "0001781335-22-000041"
form_type: "8-K"
ticker: "OTIS"
cik: "0001781335"
company_name: "Otis Worldwide Corp"
filed_at: "2022-10-26T23:59:59+00:00"
generated_at: "2026-06-23T00:54:21.218122+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Otis Q3 adjusted EPS up 5.3% to $0.80; organic sales up 0.8%; raises share buyback target to $850M

## Summary
- GAAP EPS $0.77 flat YoY; adjusted EPS $0.80 up 5.3%, driven by Service and lower share count.
- Net sales $3.34B down 7.6% but organic sales up 0.8%; foreign exchange headwind 7.2%.
- New Equipment orders down 0.8% overall, up 7.4% ex-China; adjusted backlog up 12% at constant currency.
- Service organic sales up 6.2%; maintenance portfolio units up 3.8% YoY.
- Full-year outlook: organic sales +2.0-2.5%, adj EPS $3.11-$3.15, FCF $1.5-$1.6B; buyback target raised to $850M.

## SEC filing metadata
- accession: 0001781335-22-000041
- form_type: 8-K
- ticker: OTIS
- cik: 0001781335
- company_name: Otis Worldwide Corp
- filed_at: 2022-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1781335/000178133522000041/0001781335-22-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1781335/000178133522000041/otis-20221026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001781335-22-000041
- JSON: https://secwatch.observer/filing/0001781335-22-000041.json
- Plain text: https://secwatch.observer/filing/0001781335-22-000041.txt

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