{"schema_version":"secwatch.filing_event.v1","accession":"0001781335-23-000033","form_type":"8-K","ticker":"OTIS","cik":"0001781335","company_name":"Otis Worldwide Corp","filed_at":"2023-10-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.398976+00:00","generated_at":"2026-06-09T11:18:08.181457+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Otis Q3 2023: adj EPS $0.95 (+18.8%), organic sales +5.2%, raises full-year guidance","bullets":["Q3 adjusted EPS $0.95 (up 18.8% YoY); GAAP EPS $0.91 (up 18.2%).","Organic sales up 5.2% to $3.5B; Service organic sales +8.4%, New Equipment organic sales +1.0%.","Maintenance portfolio units grew 4.2%; New Equipment orders down 10%, Mod orders up 13%.","Service operating profit margin expanded 90 bps to 24.8% (adj); total adj operating margin +60 bps to 16.9%.","Full-year guidance raised: adj EPS ~$3.52 (up ~11%), organic sales ~+5.5%, free cash flow ~$1.5B."],"urls":{"canonical":"https://secwatch.observer/filing/0001781335-23-000033","json":"https://secwatch.observer/filing/0001781335-23-000033.json","markdown":"https://secwatch.observer/filing/0001781335-23-000033.md","text":"https://secwatch.observer/filing/0001781335-23-000033.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1781335/000178133523000033/0001781335-23-000033-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1781335/000178133523000033/otis-20231025.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T11:18:08.181457+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":"efb174c1f7848ed987ec1376bcbafe6facb5ac9f","claim":"Otis Worldwide Corp reported third quarter 2023 results: revenue $3.5 billion, net income $376 million, EPS $0.91. Guidance raised.","evidence_excerpt":"adjusted EPS of ~$3.52 and free cash flow of ~$1.5 billion. FARMINGTON, Conn., October 25, 2023 – Otis Worldwide Corporation (NYSE:OTIS) reported third quarter 2023 net sales of $3.5 billion with 5.2% organic growth. GAAP diluted earnings per share (EPS) of $0.91 was up 18.2% versus the prior year and adjusted EPS increased 18.8% to $0.95. \"Otis delivered strong","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1781335/000178133523000033/0001781335-23-000033-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter 2023"},{"label":"Revenue","value":"$3.5 billion"},{"label":"Net income","value":"$376 million"},{"label":"EPS","value":"$0.91"},{"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"}