---
schema_version: "secwatch.filing_event.v1"
accession: "0001781335-24-000054"
form_type: "8-K"
ticker: "OTIS"
cik: "0001781335"
company_name: "Otis Worldwide Corp"
filed_at: "2024-10-30T23:59:59+00:00"
generated_at: "2026-05-30T08:25:59.181914+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Otis Q3 adjusted EPS $0.96 (+1.1% YoY); Service organic sales +7.7%; New Equipment -8.8%

## Summary
- GAAP EPS $1.34 (+47.3%), adjusted EPS $0.96 (+1.1%) on revenue $3.5B (+0.7%).
- Service net sales +7.2% organic (+7.7%); segment profit $555M (+$37M) with margin flat at 24.8%.
- New Equipment sales -8.8% organic (-8.2%); orders -3% constant currency, China decline >20%.
- FY2024 outlook: adjusted EPS ~$3.85 (+9%), organic Service sales ~6.5%, adj. free cash flow $1.4-1.5B.
- Q3 share repurchases $200M; YTD $800M.

## SEC filing metadata
- accession: 0001781335-24-000054
- form_type: 8-K
- ticker: OTIS
- cik: 0001781335
- company_name: Otis Worldwide Corp
- filed_at: 2024-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1781335/000178133524000054/0001781335-24-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1781335/000178133524000054/otis-20241030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001781335-24-000054
- JSON: https://secwatch.observer/filing/0001781335-24-000054.json
- Plain text: https://secwatch.observer/filing/0001781335-24-000054.txt

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