secwatch.observer — SEC 8-K summary
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Issuer:     Otis Worldwide Corp (OTIS)
CIK:        0001781335
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0001781335-24-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781335/000178133524000005/0001781335-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781335/000178133524000005/otis-20240131.htm
  HTML page:      https://secwatch.observer/filing/0001781335-24-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer