Otis reports Q4 organic sales +6.1%, adj. EPS $0.75; FY organic +2.5%, 2023 outlook adj. EPS $3.35-$3.50

Otis Worldwide Corp

2022-FY EPS reported $2.96 revenue$13,685,000,000

Q4 net sales $3.44B (-3.6% reported), organic +6.1%; GAAP EPS $0.71 (+9.2%), adj. EPS $0.75 (+4.2%).
FY net sales $13.7B (-4.3% reported), organic +2.5%; GAAP EPS $2.96 (+2.4%), adj. EPS $3.17 (+7.5%).
New Equipment orders up 4% Q4, 7% FY; adjusted backlog +11% at constant currency; Service units +4.1%.
FY free cash flow $1.45B (115% of net income); cash from operations $1.56B.
2023 outlook: organic sales +4-6%; adj. EPS $3.35-$3.50; free cash flow $1.5-$1.55B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Otis Worldwide Corp reported the year ended December 31, 2022 results: revenue $13,685, net income $1,253, EPS $2.96. Guidance initiated.

Period: the year ended December 31, 2022
Revenue: $13,685
Net income: $1,253
EPS: $2.96
Guidance: initiated
Result: reported results

Exact text from the filing

millions, except per share amounts) Quarter Ended December 31, Year Ended December 31, 2022 2021 Y/Y Y/Y (CFX) 2022 2021 Y/Y Y/Y (CFX) Net sales $ 3,439 $ 3,569 (3.6) % 4.6 % $ 13,685 $ 14,298 (4.3) % 1.6 % Adjusted net sales $ 3,439 $ 3,506 (1.9) % 6.4 % $ 13,579 $ 14,045 (3.3) % 2.6 % Organic sales growth 6.1 % 2.5 % GAAP Operating profit $ 491 $ 496 $ (5) $

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Otis Worldwide Corp reported the fourth quarter ended December 31, 2022 results: revenue $3,439, net income $297, EPS $0.71. Guidance initiated.

Period: the fourth quarter ended December 31, 2022
Revenue: $3,439
Net income: $297
EPS: $0.71
Guidance: initiated
Result: reported results

Exact text from the filing

our ESG goals." Key Figures ($ millions, except per share amounts) Quarter Ended December 31, Year Ended December 31, 2022 2021 Y/Y Y/Y (CFX) 2022 2021 Y/Y Y/Y (CFX) Net sales $ 3,439 $ 3,569 (3.6) % 4.6 % $ 13,685 $ 14,298 (4.3) % 1.6 % Adjusted net sales $ 3,439 $ 3,506 (1.9) % 6.4 % $ 13,579 $ 14,045 (3.3) % 2.6 % Organic sales growth 6.1 % 2.5 % GAAP

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Source: SEC EDGAR

accession 0001781335-23-000005

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