Otis Worldwide Q4 Earnings Call Highlights

Otis also highlighted record quarterly adjusted free cash flow of 817million,whichMarkssaidreflectedanongoingfocusoncollectionsandworkingcapitalefficiency.Forthefullyear,Otisreportedapproximately817 million, which Marks said reflected an ongoing focus on collections and working capital efficiency. For the full year, Otis reported approximately 1.6 billion of adjusted free cash flow and said it returned about 1.5billiontoshareholdersthroughdividendsandrepurchases,whileinvestingroughly1.5 billion to shareholders through dividends and repurchases, while investing roughly 100 million in bolt-on acquisitions aimed at strengthening its service portfolio and expanding in key markets.Adjusted operating profit ma ...