---
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"
generated_at: "2026-06-20T04:00:33.770517+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1781335/000178133523000005/0001781335-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1781335/000178133523000005/otis-20230201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001781335-23-000005
- JSON: https://secwatch.observer/filing/0001781335-23-000005.json
- Plain text: https://secwatch.observer/filing/0001781335-23-000005.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1781335/000178133523000005/0001781335-23-000005-index.htm
- Earnings Releases
  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: $0.71
  - Guidance: initiated
  - Result: reported results
  source text: our ESG goals." Key Figures ($ 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_url: https://www.sec.gov/Archives/edgar/data/1781335/000178133523000005/0001781335-23-000005-index.htm

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