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AI brief of an SEC Form 8-K · Otis Worldwide (OTIS)

Otis Q4 2024 adjusted EPS rose 6.9% to $0.93 on 1.5% higher net sales

Positive Impact 3 of 5 earnings Written later

Otis reported fourth quarter 2024 net sales of $3.7 billion, up 1.5%, and adjusted EPS of $0.93, up 6.9%. For the full year, net sales were $14.3 billion, up 0.4%, and adjusted EPS was $3.83, up 8.2%. The company forecast 2025 adjusted EPS of $4.00 to $4.10, and shareholders received $1.0 billion of share repurchases in 2024.

Key points

  • Q4 2024 GAAP EPS was $0.84, up 6.3%, and GAAP operating profit was $531 million, flat margin at 14.4%
  • Full year 2024 GAAP EPS rose 20.1% to $4.07, driven primarily by a non-recurring tax benefit
  • 2025 outlook: net sales of $14.1 to $14.4 billion and adjusted EPS of $4.00 to $4.10, up 4 to 7%
  • 2024 share repurchases totaled $1.0 billion, including $200 million in the fourth quarter

The filing

CompanyOtis Worldwide (OTIS)
Form8-K, current report
Filed with the SECJan 29, 2025, 6:02 AM ET
Accession number0001781335-25-000004

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 29, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.