Otis Worldwide Corp. Files 8-K on Financials
Ticker: OTIS · Form: 8-K · Filed: Jan 29, 2025 · CIK: 1781335
Sentiment: neutral
Topics: financial-reporting, debt, 8-k
TL;DR
OTIS filed an 8-K on Jan 29, 2025, detailing financial results and debt like notes due 2026, 2027, 2031.
AI Summary
Otis Worldwide Corp. filed an 8-K on January 29, 2025, reporting on its results of operations and financial condition. The filing includes financial statements and exhibits, with specific references to various debt instruments including notes due in 2026, 2027, and 2031.
Why It Matters
This filing provides investors with updated information on Otis Worldwide Corp.'s financial performance and condition, including details on its outstanding debt obligations.
Risk Assessment
Risk Level: low — This is a routine financial reporting filing with no immediate indication of significant new risks.
Key Players & Entities
- Otis Worldwide Corp. (company) — Registrant
- January 29, 2025 (date) — Date of Report
- Delaware (jurisdiction) — State of Incorporation
- 001-39221 (identifier) — Commission File Number
- 83-3789412 (identifier) — I.R.S. Employer Identification No.
- One Carrier Place Farmington, Connecticut (address) — Business Address
- otis:A0318NotesDue2026Member (debt_instrument) — Notes Due 2026
- otis:Notes2.875Due2027Member (debt_instrument) — Notes 2.875% Due 2027
- otis:A0934NotesDue2031Member (debt_instrument) — Notes Due 2031
FAQ
What is the primary purpose of this 8-K filing for Otis Worldwide Corp.?
The primary purpose is to report on the company's Results of Operations and Financial Condition, and to file Financial Statements and Exhibits.
On what date was this 8-K report filed?
The report was filed on January 29, 2025.
In which U.S. state is Otis Worldwide Corp. incorporated?
Otis Worldwide Corp. is incorporated in Delaware.
What are some of the specific debt instruments mentioned in the filing?
The filing mentions notes due in 2026, notes with a 2.875% interest rate due in 2027, and notes due in 2031.
What is the business address of Otis Worldwide Corp. as listed in the filing?
The business address is One Carrier Place, Farmington, Connecticut.
Filing Stats: 558 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2025-01-29 06:02:08
Key Financial Figures
- $0.01 — ange on which registered Common Stock ($0.01 par value) OTIS New York Stock Exchange
Filing Documents
- otis-20250129.htm (8-K) — 32KB
- a2024-12x318xkerexhibit99.htm (EX-99) — 576KB
- otis-20250129_g1.jpg (GRAPHIC) — 4KB
- 0001781335-25-000004.txt ( ) — 832KB
- otis-20250129.xsd (EX-101.SCH) — 3KB
- otis-20250129_def.xml (EX-101.DEF) — 18KB
- otis-20250129_lab.xml (EX-101.LAB) — 31KB
- otis-20250129_pre.xml (EX-101.PRE) — 18KB
- otis-20250129_htm.xml (XML) — 5KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On January 29, 2025, Otis Worldwide Corporation (" Otis ") issued a press release announcing its fourth quarter and year ended December 31, 2024 results. The press release issued January 29, 2025 is furnished herewith as Exhibit No. 99 to this Report, and shall not be deemed filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise subject to the liabilities of that Section and shall not be deemed to be incorporated by reference into any filing by Otis under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Section 9—Financial Statements and Exhibits
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Exhibit Description 99 Press Release, dated January 29, 2025, issued by Otis Worldwide Corporation. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. OTIS WORLDWIDE CORPORATION (Registrant) Date: January 29, 2025 By: /s/ CRISTINA MNDEZ Cristina Mndez Executive Vice President & Chief Financial Officer