Highest-materiality recent filing
Otis Q2 2026: Service sales up 11% organic 9%; adjusted EPS $1.01 down 4%; FY outlook revised
Q2 net sales $3.86B (+7% YoY); organic sales +6%; GAAP EPS $1.12 (+13%), adjusted EPS $1.01 (-4%).
All 10 director nominees elected, including Judith F. Marks (CEO) with 306.7M for vs 12.9M against.
Otis issues $700M 4.488% notes due 2029 to refinance near-term debt
Issued $700M aggregate principal of 4.488% Notes due May 7, 2029.
Otis Q1 net sales +6% to $3.57B; adj EPS -3% to $0.89; modern orders +11% CC
GAAP EPS $0.87 (+43%); adjusted EPS $0.89 (-3%). Net sales $3.57B (+6%, organic +1%).
Otis Reports Q4 2025 Results: Service Sales Up 8%, Adjusted EPS Up 11%
Q4 net sales up 3% and organic sales up 1%; Service net sales increased 8% and organic sales up 5%
Otis appoints Enrique Miñarro Viseras as COO, effective Jan 16, 2026
Appointment of Enrique Miñarro Viseras as Chief Operating Officer, effective January 16, 2026.
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%).
Otis issues $500M of 5.131% Notes due 2035 to refinance 2026 Yen Notes and CP
Issued $500M aggregate principal of 5.131% Notes due September 4, 2035.
Shailesh Jejurikar will resign from the Board effective September 9, 2025; no disagreement with company.
Otis enters new $1.5B revolving credit facility maturing 2030, replaces 2028 facility
New unsecured $1,500M revolving credit agreement matures August 8, 2030.
Otis Q2 adj EPS $1.05; New Equipment sales -10%; FY adj EPS guidance $4.00-$4.10
GAAP EPS $0.99 (down 3% YoY); adjusted EPS $1.05 (down 1% YoY).
Otis shareholders reject advisory vote on executive compensation at 2025 annual meeting
Say-on-pay proposal failed: 131M for, 202M against, 1M abstentions.
GAAP EPS $0.61 (-29% YoY); adjusted EPS $0.92 (+5%); net sales $3.35B (organic flat).
Otis amends bylaws to revise stockholder nomination procedures and written consent provisions
Board approved amended bylaws on March 19, 2025; effective same day.
Otis FY24 adj EPS $3.83 (+8.2%), record FCF $1.6B; Q4 mod orders +18%; FY25 guide EPS $4.00-$4.10
Full year 2024 net sales $14.3B, organic +1.4%; GAAP EPS $4.07 (+20.1% YoY), adjusted EPS $3.83 (+8.2%).
Otis issues $600M 5.125% notes due 2031; sub issues €850M 2.875% notes due 2027
Otis issued $600M of 5.125% Notes due 2031; net proceeds ~$594.5M.
Otis prices $600M 5.125% notes due 2031 and €850M 2.875% notes due 2027 for 2025 debt refinancing
Dollar offering: $600M aggregate 5.125% Notes due 2031; net proceeds ~$594.5M.
Otis Q3 adjusted EPS $0.96 (+1.1% YoY); Service organic sales +7.7%; New Equipment -8.8%
GAAP EPS $1.34 (+47.3%), adjusted EPS $0.96 (+1.1%) on revenue $3.5B (+0.7%).
Cristina Méndez named Otis EVP & CFO; receives $770k salary, $2.39M LTI award
Appointed EVP & CFO effective Aug 23, 2024; reports to CEO.
Otis Q2 adjusted EPS $1.06 (+15.2% YoY); raises FY2024 adjusted EPS outlook to $3.85-$3.90
GAAP EPS $1.02 (+13.3% YoY); adjusted EPS $1.06 (+15.2% YoY); net sales $3.6B (-3.2%).
Otis CFO Anurag Maheshwari resigns; Cristina Méndez appointed as successor effective Aug 23, 2024
Anurag Maheshwari resigns as EVP & CFO effective Aug 23, 2024 to pursue external opportunity; no dispute with company.
Otis annual meeting: shareholders reject majority voting proposal; CEO Marks gets 5.6% against votes
All 11 director nominees elected; CEO Judith F. Marks received 18.4M against votes (5.6% of votes cast).
GAAP EPS $0.86 (+8.9%), adjusted EPS $0.88 (+10.0%); revenue $3.44B, organic +3.8%.
Otis Q4 adj EPS $0.87 (+16% YoY); FY adj EPS $3.54; guides FY2024 adj EPS $3.80-$3.90
Q4 GAAP EPS $0.79 (+11.3% YoY); adjusted EPS $0.87 (+16.0% YoY).
Otis Q3 2023: adj EPS $0.95 (+18.8%), organic sales +5.2%, raises full-year guidance
Q3 adjusted EPS $0.95 (up 18.8% YoY); GAAP EPS $0.91 (up 18.2%).
Otis appoints Bartlett and Brannon to board; McGraw to retire Dec 7
Tom Bartlett, President/CEO of American Tower Corp, appointed board member effective Oct 27, 2023.
Otis Worldwide issues $750M 5.250% notes due 2028 to refinance maturing debt
$750M aggregate principal of 5.250% Notes due August 16, 2028 issued.
Otis Q2 organic sales up 9.5%, adjusted EPS $0.92; raises FY guidance, boosts buyback to $800M
Q2 net sales $3.72B (+6.7% reported, +9.5% organic); adj EPS $0.92 (+7.0%), GAAP EPS $0.90 (+18.4%).
Otis 2023 annual meeting: all director nominees elected; say-on-pay approved
All 10 director nominees elected with >319M votes each; Judith F. Marks received 319,242,998 votes for, 16,048,113 against.
Otis Q1 adjusted EPS $0.80 beats; raises buyback target to $700-800M; updates FY outlook
Q1 adjusted EPS $0.80 (+5.3% YoY); GAAP EPS $0.79 (+8.2%); organic sales +3.6%.
Otis enters new $1.5B credit facility maturing 2028, terminates existing one
New unsecured $1.5B revolving credit agreement matures March 10, 2028.
Otis appoints Sally Loh as President, Otis China; Perry Zheng transitions to new role
Peiming (Perry) Zheng ceases as President, Otis China effective March 1, 2023; remains EVP, Chief Product, Delivery and Customer Officer.
Q4 net sales $3.44B (-3.6% reported), organic +6.1%; GAAP EPS $0.71 (+9.2%), adj. EPS $0.75 (+4.2%).
Otis Q3 adjusted EPS up 5.3% to $0.80; organic sales up 0.8%; raises share buyback target to $850M
GAAP EPS $0.77 flat YoY; adjusted EPS $0.80 up 5.3%, driven by Service and lower share count.
Nelda Connors appointed to Otis Worldwide Board of Directors effective Oct 28, 2022
Board size increased from 9 to 10 directors; Connors appointed effective Oct 28, 2022.
Otis Q2 adj EPS $0.86 +11.7%, NE orders +16.5%, revises FY outlook to adj EPS $3.17-$3.21
GAAP EPS flat at $0.76; adjusted EPS $0.86 (+11.7%); net sales $3.49B (-5.8% reported, +0.4% organic)
Otis appoints Anurag Maheshwari as CFO effective Aug 12, succeeding Rahul Ghai who resigned
Rahul Ghai resigns as EVP & CFO effective Aug 12, 2022 to join another company; no dispute with Otis.
All nine director nominees elected; Judith F. Marks received 312.1M votes for (lowest).
Otis Q1 adj EPS $0.77 (+6.9% YoY); organic sales +3.1%; revises FY outlook excluding Russia
Net sales $3.4B (+0.2% reported, +3.1% organic); GAAP EPS $0.73 (+2.8%).
Otis Q4 adj EPS $0.72 (+9.1%), FY adj EPS $3.01 (+19.4%); guides FY2022 adj EPS $3.20-$3.30
FY net sales $14.3B (+12.1%), organic +8.9%; Q4 net sales $3.57B (+2.2%).
Judith Marks to become Chair of Otis Board effective Feb 3, 2022; Kearney remains director
President and CEO Judy Marks elected Chair of the Board, effective February 3, 2022.
Presentation titled 'Regional Overview - China and Americas' posted on Otis investor relations website on Nov 17, 2021.
Otis subsidiary issues €1.6B in three tranches of senior notes to fund Zardoya tender offer
Highland Holdings issued €500M 0.000% notes due 2023, €600M 0.318% notes due 2026, and €500M 0.934% notes due 2031, guaranteed by Otis.
Otis subsidiary Highland prices €1.6B notes offering to fund Zardoya tender offer
Highland priced €500M 0.000% Notes due 2023, €600M 0.318% Notes due 2026, €500M 0.934% Notes due 2031.
Otis Q3 net sales $3.62B (+10.8%); adj EPS $0.77; raises FY21 outlook, announces Zardoya Otis tender
Q3 net sales $3.62B (+10.8% YoY, organic +8.1%); GAAP operating profit $542M (+$88M YoY).
Otis launches €7.00/share tender offer for remaining 49.99% of Zardoya Otis; expects Q2 2022 close
Offer price of €7.00/share in cash represents a 28.9% premium to Zardoya Otis' 1-month VWAP; total equity value €3.3B including Otis' existing stake.
Otis Q2 2021: revenue $3.7B, adj EPS $0.79, raises FY2021 outlook
Q2 net sales $3.7B (+22.2%); GAAP EPS $0.76 (+46.2%), adj. EPS $0.79 (+41.1%).
Ms. Méndez was appointed as the Company’s Executive Vice President and Chief Financial Officer effective August 23, 2024.
Anurag Maheshwari, Executive Vice President and Chief Financial Officer, has provided Otis Worldwide Corporation (the “Company”) with notice that he will be resigning his position with the Company, effective August 23, 2024, to pursue external opportunities.
The Board of Directors has appointed Cristina Méndez as the Company’s Executive Vice President and Chief Financial Officer, effective August 23, 2024.
On October 24, 2023, the Board appointed Thomas Bartlett and Jill Brannon to its Board of Directors, effective October 27, 2023
On October 24, 2023, the Board appointed Thomas Bartlett and Jill Brannon to its Board of Directors, effective October 27, 2023
On October 19, 2023, Harold W. McGraw III announced that he will retire from the Board of Directors (the “Board”) of Otis Worldwide Corporation (the “Company”), effective December 7, 2023.
Effective March 1, 2023, Peiming (Perry) Zheng, a named executive officer of Otis Worldwide Corporation (the “Company”), will cease serving as President, Otis China.
the Board of Directors (the “Board”) of Otis Worldwide Corporation (the “Company”) appointed Nelda J. Connors as a director of the Company, effective October 28, 2022
Rahul Ghai, Executive Vice President and Chief Financial Officer, has provided Otis Worldwide Corporation (the “Company”) with notice that he will be resigning his position with the Company, effective August 12, 2022, to join another company.
The Board of Directors has appointed Anurag Maheshwari as its Executive Vice President and Chief Financial Officer, effective August 12, 2022.
Max materiality 0.90 · Median 0.65 · Most common event earnings