{"schema_version":"secwatch.filing_event.v1","accession":"0001781335-24-000016","form_type":"8-K","ticker":"OTIS","cik":"0001781335","company_name":"Otis Worldwide Corp","filed_at":"2024-04-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.061933+00:00","generated_at":"2026-06-03T09:48:40.337260+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 Q1: Adj EPS $0.88 (+10%), Service sales +6.5% organic; New Equip orders -10%; raises FY guidance","bullets":["GAAP EPS $0.86 (+8.9%), adjusted EPS $0.88 (+10.0%); revenue $3.44B, organic +3.8%.","Service organic sales +6.5%, margin 24.2% (+70 bps); modernization orders +13%, backlog +14%.","New Equipment orders -10% at constant currency, backlog -2% (~flat at cc).","Raised FY adj EPS guidance to $3.83-$3.90; boosted buyback target to $1B; dividend +14.7%.","Q1 cash from ops $171M (-$107M), adj free cash flow $155M (-$98M) due to working capital."],"urls":{"canonical":"https://secwatch.observer/filing/0001781335-24-000016","json":"https://secwatch.observer/filing/0001781335-24-000016.json","markdown":"https://secwatch.observer/filing/0001781335-24-000016.md","text":"https://secwatch.observer/filing/0001781335-24-000016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1781335/000178133524000016/0001781335-24-000016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1781335/000178133524000016/otis-20240424.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T09:48:40.337260+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":"cb2b370e4e6987a0e6534368d83a91ac453e75b2","claim":"Otis Worldwide Corp reported first quarter 2024 results: revenue $3.4 billion, net income $353, EPS $0.86. Guidance raised.","evidence_excerpt":"Otis Worldwide Corporation (NYSE:OTIS) reported first quarter 2024 net sales of $3.4 billion with 3.8% organic growth. GAAP earnings per share (EPS) increased 8.9% to $0.86 and adjusted EPS increased 10.0% to $0.88.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1781335/000178133524000016/0001781335-24-000016-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2024"},{"label":"Revenue","value":"$3.4 billion"},{"label":"Net income","value":"$353"},{"label":"EPS","value":"$0.86"},{"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"}