Otis FY24 adj EPS $3.83 (+8.2%), record FCF $1.6B; Q4 mod orders +18%; FY25 guide EPS $4.00-$4.10

Otis Worldwide Corp

2024-FY EPS reported $4.07 revenue$14,261,000,000

Full year 2024 net sales $14.3B, organic +1.4%; GAAP EPS $4.07 (+20.1% YoY), adjusted EPS $3.83 (+8.2%).
Q4 service sales +7.6% organic; maintenance portfolio grew 4.2% to ~2.4M units; modernization orders +18%, backlog +10%.
Q4 GAAP cash from ops $690M; adjusted FCF $682M; full year adjusted FCF $1.6B (highest since spin); share repurchases $1.0B.
FY2025 outlook: organic sales +2-4%, adj EPS $4.00-$4.10, adj FCF ~$1.6B.

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