Otis said full-year net sales were $14.3 billion, up 0.4%, and organic sales increased 1.4%. Service net sales rose 5.9% and New Equipment net sales fell 7.7%.

1. 01

   Otis said full-year net sales were $14.3 billion, up 0.4%, and organic sales increased 1.4%. Service net sales rose 5.9% and New Equipment net sales fell 7.7%.

2. 02

   The company said full-year GAAP EPS increased 20.1% to $4.07 and adjusted EPS rose 8.2% to $3.83. It cited non-recurring tax benefits and related interest income as factors in the GAAP EPS increase.

3. 03

   Otis said full-year GAAP operating profit decreased $178 million and GAAP operating profit margin contracted 130 basis points to 14.1%. Adjusted operating profit margin expanded 50 basis points to 16.5%, and the company cited separation-related adjustments based on non-recurring tax items as the primary factor in the GAAP operating profit decline.

4. 04

   The company said full-year cash flow from operations was $1,563 million, free cash flow was $1,437 million and adjusted free cash flow was $1,571 million. In the same period, it spent $1,007 million on common stock repurchases and $606 million on common stock dividends.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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