secwatch.observer — SEC 8-K summary
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Issuer:     Otis Worldwide Corp (OTIS)
CIK:        0001781335
Form:       8-K
Filed at:   2025-04-23T23:59:59+00:00
Accession:  0001781335-25-000017
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Otis Q1 adjusted EPS up 5% to $0.92; Service op margin expands 40 bps; FY outlook revised for tariffs
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- GAAP EPS $0.61 (-29% YoY); adjusted EPS $0.92 (+5%); net sales $3.35B (organic flat).
- Service organic sales +4%, operating margin 24.6% (+40 bps); maintenance portfolio units +4%.
- New Equipment orders -1% constant currency, backlog -3%; China sales decline >20%.
- FY adjusted EPS outlook $4.00-$4.10 (+4-7%), incorporates $45-75M tariff headwind.
- Q1 adjusted free cash flow $186M; share repurchases ~$250M; dividend increased 5th straight year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781335/000178133525000017/0001781335-25-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781335/000178133525000017/otis-20250423.htm
  HTML page:      https://secwatch.observer/filing/0001781335-25-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer