secwatch.observer — SEC 8-K summary
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Issuer:     Otis Worldwide Corp (OTIS)
CIK:        0001781335
Form:       8-K
Filed at:   2025-01-29T23:59:59+00:00
Accession:  0001781335-25-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781335/000178133525000004/0001781335-25-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781335/000178133525000004/otis-20250129.htm
  HTML page:      https://secwatch.observer/filing/0001781335-25-000004

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