Otis delivers continued strong Service performance with high single digit Service sales growth GAAP EPS up 47.3% and adjusted EPS up 1.1% Service net sales up 7.2% and Service organic sales up 7.7% Maintenance portfolio units increased 4.2% Mod orders up 3%, backlog up 14%, up 12% at constant currency GAAP cash flow from operations of $394 million; adjusted free cash flow of $381 million Share repurchases of $200 million YTD GAAP EPS up 24.2% and YTD adjusted EPS up 8.2%, share repurchases of $800 million U ...

Exhibit 99 Quarter Ended September 30, Nine Months Ended September 30, OTIS REPORTS THIRD QUARTER 2024 RESULTS Otis delivers continued strong Service performance with high single digit Service sales growth • GAAP EPS up 47.3% and adjusted EPS up 1.1% • Service net sales up 7.2% and Service organic sales up 7.7% • Maintenance portfolio units increased 4.2% • Mod orders up 3%, backlog up 14%, up 12% at constant currency • GAAP cash flow from operations of $394 million; adjusted free cash flow of $381 million ...

Wall Street analysts forecast that Otis Worldwide (OTIS) will report quarterly earnings of $0.97 per share in its upcoming release, pointing to a year-over-year increase of 2.1%. It is anticipated that revenues will amount to $3.59 billion, exhibiting an increase of 2% compared to the year-ago quarter. Over the last 30 days, there has been an upward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration o ...

Otis Worldwide Corporation (OTIS) is scheduled to report third-quarter 2024 results on Oct. 30, before the opening bell. In the last reported quarter, OTIS' earnings beat the Zacks Consensus Estimate by 2.9% and rose 15.2% year over year. Net sales lagged the consensus mark by 3.5% and declined 3.2% year over year. Otis' earnings surpassed the consensus mark in each of the past 18 quarters. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Otis' Trend in Estimate Revision For the qua ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Otis Worldwide (OTIS) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these key numbers are better t ...

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FARMINGTON, Conn., Oct. 9, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, October 30, 2024, at 8:30 a.m. ET. Otis Chair, CEO & President Judy Marks and Executive Vice President & CFO Cristina Mendez will discuss the company's third quarter results and 2024 outlook. We encourage you to join through our webcast link. A corresponding presentation and news release will be available on www.otis.com prior to the call and a recording will be available on the ...

Otis Worldwide Corporation (OTIS) continues to strengthen its presence in Australia, securing a modernization contract at 101 Collins Street, one of Melbourne's iconic buildings. This project positions Otis as a leader in providing advanced elevator solutions while enhancing its growth potential in the region. Cutting-Edge Elevator Technology The modernization project will see Otis upgrading 30 elevators using its advanced Skyrise MOD solution, along with the Gen3 MOD technology. Both technologies are desig ...

Dublin, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: Otis Worldwide Corp 2024" company profile has been added to ResearchAndMarkets.com's offering. The report provides insights into Otis Worldwide Corp (Otis)'s tech activities, including its digital transformation strategies, its innovation programs, and its technology initiatives. Serving both commercial and residential sectors, Otis operates through its subsidiaries and offices in numerous countries, including China, Vietnam, T ...

The Taiwan subsidiary of Otis Worldwide Corporation (OTIS) has acquired Jardine Schindler Lifts Limited (Taiwan) from the Jardine Schindler Group. This buyout will strengthen the company's position in the Taiwan market with the expanded customer reach and operational capacity of Jardine Schindler Lifts. Otis is optimistic about introducing its products and service offerings, including the recently launched Otis ONE platform and the connected Gen3 elevators, to the new customer base. This strategic transacti ...