secwatch.observer — SEC 8-K summary
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Issuer:     Otis Worldwide Corp (OTIS)
CIK:        0001781335
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001781335-23-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781335/000178133523000005/0001781335-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781335/000178133523000005/otis-20230201.htm
  HTML page:      https://secwatch.observer/filing/0001781335-23-000005

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