{"schema_version":"secwatch.filing_event.v1","accession":"0001781335-23-000005","form_type":"8-K","ticker":"OTIS","cik":"0001781335","company_name":"Otis Worldwide Corp","filed_at":"2023-02-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.513544+00:00","generated_at":"2026-06-20T04:00:33.770517+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Otis reports Q4 organic sales +6.1%, adj. EPS $0.75; FY organic +2.5%, 2023 outlook adj. EPS $3.35-$3.50","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001781335-23-000005","json":"https://secwatch.observer/filing/0001781335-23-000005.json","markdown":"https://secwatch.observer/filing/0001781335-23-000005.md","text":"https://secwatch.observer/filing/0001781335-23-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1781335/000178133523000005/0001781335-23-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1781335/000178133523000005/otis-20230201.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T04:00:33.770517+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"38074953defafa887ee90760e3669fd1a8fdf0ba","claim":"Otis Worldwide Corp reported the year ended December 31, 2022 results: revenue $13,685, net income $1,253, EPS $2.96. Guidance initiated.","evidence_excerpt":"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) $","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1781335/000178133523000005/0001781335-23-000005-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2022"},{"label":"Revenue","value":"$13,685"},{"label":"Net income","value":"$1,253"},{"label":"EPS","value":"$2.96"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"5fc0250bbc1f2835a7d77d4e63dc864d0835922c","claim":"Otis Worldwide Corp reported the fourth quarter ended December 31, 2022 results: revenue $3,439, net income $297, EPS $0.71. Guidance initiated.","evidence_excerpt":"our ESG goals.\" Key Figures ($ 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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1781335/000178133523000005/0001781335-23-000005-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$3,439"},{"label":"Net income","value":"$297"},{"label":"EPS","value":"$0.71"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}