Otis Q4 adj EPS $0.87 (+16% YoY); FY adj EPS $3.54; guides FY2024 adj EPS $3.80-$3.90

Otis Worldwide Corp

2023-FY EPS reported $3.39 revenue$14,209,000,000

Q4 GAAP EPS $0.79 (+11.3% YoY); adjusted EPS $0.87 (+16.0% YoY).
Q4 net sales $3.62B (+5.3% YoY); Service organic sales +6.8%, New Equipment orders +3%.
FY2023 GAAP EPS $3.39 (+14.5%); adjusted EPS $3.54 (+11.7%); free cash flow $1.49B.
FY2024 outlook: organic sales +3-5%, adj EPS $3.80-$3.90, adj FCF ~$1.6B.
Full-year Service adjusted operating margin expanded 50 bps to 24.0%; maintenance portfolio units up 4.2%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Otis Worldwide Corp updated its fourth quarter and year ended December 31, 2023 guidance (initiated).

Period: fourth quarter and year ended December 31, 2023
Guidance: initiated
Result: reported results

Exact text from the filing

On January 31, 2024, Otis Worldwide Corporation (“ Otis ”) issued a press release announcing its fourth quarter and year ended December 31, 2023 results.

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Source: SEC EDGAR

accession 0001781335-24-000005

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