Core Insights - Otis Worldwide Corporation reported second quarter 2025 net sales of $3.6 billion, with organic sales down 2% year-over-year, while GAAP EPS decreased 3% to $0.99 and adjusted EPS decreased 1% to $1.05 [1][3][5] Financial Performance - Net sales for the second quarter were flat compared to the prior year, primarily due to a decrease in New Equipment sales in China and the Americas, offset by growth in Service sales across all lines of business [3][4] - GAAP operating profit for the second quarter was $547 million, a decrease of $23 million, while adjusted operating profit was $612 million, down $1 million at actual currency [4][27] - The operating profit margin contracted by 60 basis points to 15.2%, while the adjusted operating profit margin remained flat at 17.0% [4][24] Service Segment - The Service segment achieved net sales of $2.3 billion, representing a 6% increase, with organic sales growth of 4% [6][8] - The maintenance portfolio units grew by 4%, and modernization orders increased by over 20% [7][8] - Service operating profit margin expanded by 20 basis points to 24.9% due to higher volume and favorable pricing [8][37] New Equipment Segment - New Equipment segment net sales decreased by 10% to $1.3 billion, with a significant decline in China impacting overall performance [9][10] - New Equipment orders were down 1% at constant currency, with a notable decline in China offset by growth in other regions [11][11] Cash Flow and Shareholder Returns - Cash flow from operations was $405 million, with adjusted free cash flow of $429 million, reflecting a decrease from the previous year [12][12] - The company executed share repurchases totaling approximately $550 million [7] 2025 Outlook - Otis reconfirmed its 2025 EPS outlook, supported by the ongoing execution of the UpLift program and expected run-rate savings of $200 million [2][13]

Exhibit 99 OTIS REPORTS SECOND QUARTER 2025 RESULTS Otis delivers mid-single digit organic Service sales growth and continued Service operating profit margin expansion and reconfirms 2025 EPS outlook Second quarter 2025 First half 2025 FARMINGTON, Conn., July 23, 2025 – Otis Worldwide Corporation (NYSE:OTIS) reported second quarter 2025 net sales of $3.6 billion with organic sales down 2% versus the prior year. GAAP earnings per share (EPS) decreased 3% to $0.99 and adjusted EPS decreased 1% to $1.05. 1 • S ...

Core Viewpoint - Otis Worldwide Corporation (OTIS) is set to report its second-quarter 2025 results on July 23, with expectations of mixed performance in earnings and sales compared to the previous year [1][3]. Earnings Performance - In the last reported quarter, adjusted earnings exceeded the Zacks Consensus Estimate by 1.1%, while net sales fell short by 1.7% [1]. - Over the trailing four quarters, OTIS has surpassed earnings estimates in two instances and missed in two, with an average surprise of 0.2% [2]. Estimate Revisions - The Zacks Consensus Estimate for earnings per share (EPS) has increased to $1.02 from $1.01 over the past 30 days, reflecting a 3.8% decline from the year-ago adjusted EPS of $1.06 [3]. - The consensus for net sales is projected at $3.68 billion, indicating a 2.3% growth from the previous year's $3.6 billion [3]. Sales Insights - The Service segment, contributing 65.3% to first-quarter 2025 net sales, is expected to drive year-over-year growth due to increased demand for maintenance and modernization [4]. - The New Equipment segment, which accounted for 34.7% of first-quarter 2025 net sales, is anticipated to face challenges, particularly in China and parts of EMEA, leading to a projected decline in sales [5][8]. Segment Performance - For the second quarter, net sales in the Service segment are expected to rise by 4.7% to $2.28 billion, while New Equipment segment sales are predicted to decrease by 5.2% to $1.35 billion [6]. Margin Analysis - The bottom line is expected to decline due to inflationary pressures, particularly from higher labor and material costs in the Service segment, alongside lower volume in the New Equipment segment [7]. - Despite these challenges, favorable pricing and productivity improvements may partially mitigate the negative impacts on margins [7][8]. SG&A Expenses - Selling, general and administrative (SG&A) expenses are likely to increase due to annual wage hikes and higher restructuring costs, with expectations for SG&A as a percentage of net sales to rise by 50 basis points to 13% [10]. Earnings Prediction - The model predicts an earnings beat for OTIS, supported by a positive Earnings ESP of +0.39% and a Zacks Rank of 2 (Buy) [11][12].

Core Insights - Otis Worldwide (OTIS) is expected to report quarterly earnings of $1.02 per share, a decline of 3.8% year-over-year, with revenues projected at $3.68 billion, reflecting a 2.3% increase compared to the same period last year [1] - The consensus EPS estimate has been revised upward by 1.4% over the past 30 days, indicating a collective reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3] Financial Metrics - Analysts forecast 'Net Sales- Service' to reach $2.32 billion, indicating a year-over-year increase of 6.4% [5] - 'Net Sales- New Equipment' is projected to be $1.34 billion, suggesting a decline of 5.6% year-over-year [5] - The average prediction for 'Adjusted Operating Profit- New Equipment' is $78.03 million, down from $113.00 million reported in the same quarter last year [5] - 'Adjusted Operating Profit- Service' is expected to be $576.18 million, compared to $550.00 million from the previous year [6] Market Performance - Shares of Otis Worldwide have returned +5.7% over the past month, outperforming the Zacks S&P 500 composite's +5.4% change [6] - Otis Worldwide holds a Zacks Rank 2 (Buy), indicating expectations to outperform the overall market in the near future [6]

Company Performance - O-I Glass has shown a year-to-date performance increase of approximately 33.2%, significantly outperforming the average gain of 6.2% in the Industrial Products group [4] - The Zacks Consensus Estimate for O-I Glass's full-year earnings has increased by 9.1% over the past quarter, indicating a positive trend in analyst sentiment [3] - O-I Glass holds a Zacks Rank of 1 (Strong Buy), positioning it favorably among its peers [3] Industry Context - O-I Glass is part of the Glass Products industry, which currently ranks 1 in the Zacks Industry Rank, despite the industry experiencing an average loss of 3.7% year-to-date [5] - In comparison, Otis Worldwide, another stock in the Industrial Products sector, has returned 8.4% year-to-date and holds a Zacks Rank of 2 (Buy) [4][5] - The Manufacturing - General Industrial industry, to which Otis Worldwide belongs, is ranked 36 and has seen a year-to-date increase of 5.6% [6]

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Otis Worldwide (OTIS) despite higher revenues when it reports its results for the quarter ended June 2025 [1] Group 1: Earnings Expectations - The upcoming earnings report is expected to be released on July 23, with a consensus EPS estimate of $1.02, reflecting a year-over-year decrease of 3.8% [3] - Revenues are projected to be $3.68 billion, which is an increase of 2.3% compared to the same quarter last year [3] - The consensus EPS estimate has been revised 1.44% higher in the last 30 days, indicating a reassessment by analysts [4] Group 2: Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Otis Worldwide is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +0.39% [12] - The stock currently holds a Zacks Rank of 2, suggesting a strong likelihood of beating the consensus EPS estimate [12] - Historical performance shows that Otis Worldwide has beaten consensus EPS estimates in two out of the last four quarters [14] Group 3: Market Reactions - A positive earnings surprise could lead to an upward movement in the stock price, while a miss may result in a decline [2] - The sustainability of any immediate price change will largely depend on management's discussion of business conditions during the earnings call [2] - Past earnings surprises can influence future expectations, as seen in the last reported quarter where Otis Worldwide exceeded expectations by delivering earnings of $0.92 per share against an expected $0.91, resulting in a surprise of +1.10% [13]

Core Insights - The article does not provide specific company or industry insights, focusing instead on disclosures and disclaimers related to investment positions and advice [1][2] Group 1 - There are no stock, option, or similar derivative positions held by the analyst in any mentioned companies [1] - The article expresses personal opinions and is not compensated beyond Seeking Alpha [1] - The views may not reflect those of Seeking Alpha as a whole, and the analysts may not be licensed or certified [2]

Core Viewpoint - Otis Worldwide Corporation will host a conference call to discuss its second quarter results and 2025 outlook on July 23, 2025, at 8:30 a.m. ET [1] Company Overview - Otis is the world's leading elevator and escalator manufacturing, installation, and service company, moving 2.4 billion people daily and maintaining approximately 2.4 million customer units globally, which is the largest service portfolio in the industry [3] - The company is headquartered in Connecticut, USA, and employs 72,000 people, including 44,000 field professionals, dedicated to meeting diverse customer needs in over 200 countries and territories [3]

Core Insights - Tatweer Misr has partnered with Otis to supply and install smart vertical mobility solutions across six urban projects, involving 1,250 elevators over six years [1][3][5] - The collaboration aims to enhance the quality of urban living in Egypt by integrating Otis's energy-efficient Gen2® elevator systems into Tatweer Misr's developments [3][5][6] Company Overview: Tatweer Misr - Established in 2014, Tatweer Misr is a leading real estate developer in Egypt, focusing on sustainable and smart urban communities [3][7] - The company has developed six iconic projects, including IL Monte Galala, Fouka Bay, D-Bay, Salt, Bloomfields, and Rivers, which are strategically located across Egypt [3][7] Company Overview: Otis - Otis is the global leader in elevator and escalator manufacturing, installation, and service, moving 2.4 billion people daily and maintaining approximately 2.4 million customer units worldwide [8] - The company has a strong workforce of 72,000 employees, including 44,000 field professionals, operating in over 200 countries [8]

Company Overview - Otis Worldwide Corporation (NYSE: OTIS) is a leader in escalator and elevator manufacturing, installation, and services [1] - The company was previously part of United Technologies and became an independent entity in Q1 2020 [1] - Otis operates through two segments: New Equipment and Services [1] Industry Position - Otis is recognized as a prominent player in the escalator and elevator industry, indicating a strong market presence [1]