---
schema_version: "secwatch.filing_event.v1"
accession: "0001781335-24-000005"
form_type: "8-K"
ticker: "OTIS"
cik: "0001781335"
company_name: "Otis Worldwide Corp"
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T13:59:25.452365+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001781335-24-000005
- form_type: 8-K
- ticker: OTIS
- cik: 0001781335
- company_name: Otis Worldwide Corp
- filed_at: 2024-01-31T23:59:59+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/1781335/000178133524000005/0001781335-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1781335/000178133524000005/otis-20240131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001781335-24-000005
- JSON: https://secwatch.observer/filing/0001781335-24-000005.json
- Plain text: https://secwatch.observer/filing/0001781335-24-000005.txt

## Key facts
- Earnings Releases
  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
  source text: On January 31, 2024, Otis Worldwide Corporation (“ Otis ”) issued a press release announcing its fourth quarter and year ended December 31, 2023 results.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1781335/000178133524000005/0001781335-24-000005-index.htm

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