Filing excerpt
The primary drivers of the outflow were repurchases of our Common Stock of $400 million...
sec.gov/Archives/edgar/data/1781335/000178133526000075/otis-20260331.htmRead the full source
Otis10-Q: Capex increase
Otis repurchased $400M in stock in Q1 and has $900M remaining in its buyback authorization.
What happened
The company spent $400 million on share repurchases in Q1 2026 and has authorization to purchase another $900 million.
Source
Other signals in this filing (3)
- Governance changeOtis appointed multiple new executives in January 2026, including Enrique Miñarro Viseras.Governance change
- Litigation materialCompany is managing ongoing tax litigation with the German Tax Office.Litigation material
- Supply chain disruptionOtis flags geopolitical conflicts and U.S.-China tensions as key risks to its supply chain and material costs.Supply chain disruption
Extracted by Autobound
From the Signal API record- Signal
- 10-Q: Capex increase
What this signalsFilings often name leadership changes, deals and spending plans.
- Fiscal year end
- 03/31
- Filed
- Apr 23, 2026
More from Otis
- PatentsOtis was granted a patent for elevator self-diagnostics.Patents
- RedditCommenters express strong positive opinions about Otis elevator chimes, particularly the "Luxury" and "Series1" models, calling the luxury gongs their "all time favorite".Reddit
- 8-KOtis CEO Judith F. Marks to retire by July 2027, triggering executive search for successor.8-K
- GlassdoorService engineer describes management pressure due to workloadGlassdoor
- New customerOtis to Provide More Than 250 Elevators and Escalators to Tianjin 117 Tower, China's New Supertall LandmarkNew customer
- Web trafficotis.com received 359K monthly visits with traffic from 5 countries.Web traffic
More 10-Q signals at other companies
- SEC 10-QMillerKnoll, Inc.Jeffrey M. Stutz appointed Interim Chief Executive Officer.SEC 10-Q
- SEC 10-QCID HoldCo, Inc.Disclosed material weaknesses in financial reporting due to insufficient accounting staff and controls.SEC 10-Q
- SEC 10-QScholastic CorporationCore school channels decline with fewer book fairs and lower club participation.SEC 10-Q
The full record
From the Signal API recordNumbers
- Dollar figure
- $900M (Remaining authorization for share repurchase program)
Details
- CIK
- 1781335
- Accession number
- 0001781335-26-000075
- Timeframe
- Current year
- Filing year
- 2026
- Fiscal year
- 0
- Why it matters
- Budget available
- Signal category
- Financial
Extraction
- Confidence
- High
- Relevance
- 80%
- Sentiment
- Positive
- Detected
- Apr 28, 2026
- signal_type
sec-10q- signal_subtype
capexIncrease
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This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.
Company
linkedin_urlValue in the APIindustriesValue in the APIemployee_count_lowValue in the APIemployee_count_highValue in the APIrevenueValue in the APIdescriptionValue in the API
Signal
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GET /v1/signals/b4dc5205-ba5f-44fa-93fb-b5796676477f returns this record as JSON. POST /v1/companies/enrich returns every signal for otis.com.
{
"signal_id": "b4dc5205-ba5f-44fa-93fb-b5796676477f",
"signal_type": "sec-10q",
"signal_subtype": "capexIncrease",
"detected_at": "2026-04-28T10:05:23.305+00:00",
"company": {
"name": "Otis",
"domain": "otis.com"
},
"data": {
"detail": "The company spent $400 million on share repurchases in Q1 2026 and has authorization to purchase another $900 million. This aggressive capital return program demonstrates strong cash flow and financial health, indicating available budget for strategic investments and new vendor projects.",
"metrics": {
"timeframe": "current_year",
"dollar_context": "Remaining authorization for share repurchase program",
"dollar_millions": 900
},
"summary": "Otis repurchased $400M in stock in Q1 and has $900M remaining in its buyback authorization.",
"excerpts": "The primary drivers of the outflow were repurchases of our Common Stock of $400 million...",
"relevance": 0.8,
"sentiment": "positive",
"confidence": "high",
"source_url": "https://www.sec.gov/Archives/edgar/data/1781335/000178133526000075/otis-20260331.htm",
"filing_date": "2026-04-23",
"filing_year": 2026,
"fiscal_year": 0,
"fiscal_year_end": "03/31",
"sales_relevance": "Budget available",
"signal_category": "financial"
}
}
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