{"schema_version":"secwatch.filing_event.v1","accession":"0001781335-24-000036","form_type":"8-K","ticker":"OTIS","cik":"0001781335","company_name":"Otis Worldwide Corp","filed_at":"2024-07-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.498880+00:00","generated_at":"2026-05-31T17:03:56.017562+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 Q2 adjusted EPS $1.06 (+15.2% YoY); raises FY2024 adjusted EPS outlook to $3.85-$3.90","bullets":["GAAP EPS $1.02 (+13.3% YoY); adjusted EPS $1.06 (+15.2% YoY); net sales $3.6B (-3.2%).","Service organic sales +5.1%; margin expanded 110bps to 24.7%; New Equipment sales -11.4%, backlog -4%.","Mod orders +14%, backlog +15%; maintenance portfolio units +4.2%.","Repurchased $300M in Q2; 1H adjusted free cash flow $508M; FY adjusted free cash flow outlook ~$1.5-$1.6B.","UpLift cost savings target increased to $175M run rate by mid-2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001781335-24-000036","json":"https://secwatch.observer/filing/0001781335-24-000036.json","markdown":"https://secwatch.observer/filing/0001781335-24-000036.md","text":"https://secwatch.observer/filing/0001781335-24-000036.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1781335/000178133524000036/0001781335-24-000036-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1781335/000178133524000036/otis-20240724.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T17:03:56.017562+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}