Highest-materiality recent filing
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%.
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.
Max materiality 0.90 · Median 0.55 · Most common event earnings