{"schema_version":"secwatch.filing_event.v1","accession":"0001781335-23-000026","form_type":"8-K","ticker":"OTIS","cik":"0001781335","company_name":"Otis Worldwide Corp","filed_at":"2023-07-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.205438+00:00","generated_at":"2026-06-13T02:25:15.900886+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Otis Q2 organic sales up 9.5%, adjusted EPS $0.92; raises FY guidance, boosts buyback to $800M","bullets":["Q2 net sales $3.72B (+6.7% reported, +9.5% organic); adj EPS $0.92 (+7.0%), GAAP EPS $0.90 (+18.4%).","New Equipment orders -12% YoY at cc; adj backlog +5% cc; Maintenance portfolio units +4.2%.","Launched UpLift cost program targeting $150M savings over two years.","FY outlook raised: adj EPS $3.45-3.50, organic sales +4.5-6%, FCF $1.5-1.55B, buyback increased to $800M."],"urls":{"canonical":"https://secwatch.observer/filing/0001781335-23-000026","json":"https://secwatch.observer/filing/0001781335-23-000026.json","markdown":"https://secwatch.observer/filing/0001781335-23-000026.md","text":"https://secwatch.observer/filing/0001781335-23-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1781335/000178133523000026/0001781335-23-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1781335/000178133523000026/otis-20230726.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T02:25:15.900886+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":"4c9c7f3424c9038e188a1ab693f5cc8243c02c41","claim":"Otis Worldwide Corp reported second quarter 2023 results: revenue $3.7 billion, net income $376, EPS $0.90. Guidance raised.","evidence_excerpt":"Full-year share repurchase target increased to $800 million. FARMINGTON, Conn., July 26, 2023 – Otis Worldwide Corporation (NYSE:OTIS) reported second quarter 2023 net sales of $3.7 billion with 9.5% organic growth. GAAP diluted earnings per share (EPS) of $0.90 was up 18.4% versus the prior year and adjusted EPS increased 7.0% to $0.92. \"Otis delivered a strong","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1781335/000178133523000026/0001781335-23-000026-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter 2023"},{"label":"Revenue","value":"$3.7 billion"},{"label":"Net income","value":"$376"},{"label":"EPS","value":"$0.90"},{"label":"Guidance","value":"raised"},{"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"}