secwatch.observer — SEC 8-K summary
======================================

Issuer:     Otis Worldwide Corp (OTIS)
CIK:        0001781335
Form:       8-K
Filed at:   2025-10-29T23:59:59+00:00
Accession:  0001781335-25-000046
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Otis Q3 adjusted EPS $1.05 up 9%; raises 2025 EPS midpoint to $4.04-$4.08
-------------------------------------------------------------------------

- Q3 net sales $3.69B (+4% YoY); GAAP EPS $0.95 (-29%), adjusted EPS $1.05 (+9%).
- Service segment sales $2.43B (+9%); operating margin 25.5% (+70bps); maintenance portfolio units +4%.
- New Equipment sales $1.26B (-4%); operating margin 4.7% (-170bps); orders up 4% but China down ~20%.
- Modernization orders +27% constant currency; backlog +22% constant currency.
- YTD operating cash flow $779M; share repurchases ~$800M; UpLift program run-rate savings $200M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781335/000178133525000046/0001781335-25-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781335/000178133525000046/otis-20251029.htm
  HTML page:      https://secwatch.observer/filing/0001781335-25-000046

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