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 ...

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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Company Overview - Otis Worldwide Corporation is the world's leading elevator and escalator manufacturing, installation, and service company [3] - The company moves 2.3 billion people daily and maintains approximately 2.3 million customer units globally, representing the industry's largest service portfolio [3] - Headquartered in Connecticut, USA, Otis employs 71,000 people, including 42,000 field professionals, serving customers in over 200 countries and territories [3] Upcoming Events - Otis will host a conference call on October 30, 2024, at 8:30 a.m. ET to discuss the company's third quarter results and 2024 outlook [1] - A corresponding presentation and news release will be available on the company's website prior to the call, with a recording accessible later in the day [2] - Investors unable to join via the webcast can contact Otis investor relations for alternative dial-in information [2]

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 ...

Core Insights - The report titled "Enterprise Tech Ecosystem Series: Otis Worldwide Corp 2024" provides a comprehensive overview of Otis Worldwide Corp's technology activities, focusing on digital transformation strategies, innovation programs, and technology initiatives [1][2]. Group 1: Company Overview - Otis operates in both commercial and residential sectors, with a global presence through subsidiaries and offices in countries such as China, Vietnam, Thailand, Australia, Spain, France, and Argentina [2]. - The company has over 1,400 branches and offices worldwide, indicating a significant operational scale [2]. Group 2: Technology Activities - The report details Otis' digital transformation strategies and innovation programs, highlighting the company's commitment to leveraging technology for growth [2]. - It provides an overview of technology initiatives, including partnerships and product launches, showcasing Otis' proactive approach in the tech landscape [2]. - Insights on each technology initiative are included, covering themes, objectives, and benefits, which reflect the strategic direction of the company [2]. Group 3: Financial Insights - The report includes details on estimated ICT budgets and major ICT contracts, which are crucial for understanding Otis' investment in technology [2]. Group 4: Key Topics - Key topics covered in the report include an overview of the company, digital transformation strategy, technology focus, technology initiatives, partnership network map, ICT budget, and key executives [3].

Group 1: Acquisition and Market Position - Otis Worldwide Corporation's Taiwan subsidiary has acquired Jardine Schindler Lifts Limited (Taiwan), enhancing its market position and operational capacity in Taiwan [1] - This strategic transaction is seen as a milestone for Otis, allowing better service to the region and its customers [2] Group 2: Growth Initiatives - Otis is pursuing both inorganic and organic growth strategies, with a strong focus on innovation as a primary organic growth strategy [3] - The company invested $144 million in R&D in 2023 and $75 million in the first half of 2024, reflecting a year-over-year increase of 5.6% [4] - As of the end of 2023, Otis operates 11 R&D centers and 17 factories globally, with approximately 1,200 engineers dedicated to digital initiatives and product development [5] Group 3: Stock Performance - Otis shares have gained 2.5% year-to-date, underperforming the Zacks Building Products - Miscellaneous industry's growth of 9.2% [6] - The company aims to continue innovating and expanding its digital ecosystem while pursuing inorganic initiatives to enhance future prospects [6]

In Otis' Made to Move Communities™ global competition, students will apply Artificial Intelligence to enable more inclusive and sustainable mobility solutions. FARMINGTON, Conn., Sept. 10, 2024 /PRNewswire/ -- Artificial Intelligence is revolutionizing the speed, accuracy and scale at which complex challenges are addressed. Over the next several months, more than 250 students from dozens of schools representing more than 15 countries and territories around the world will participate in the Made to Move Comm ...

Despite witnessing higher costs and expenses as well as lower contributions from its New Equipment unit, Otis Worldwide Corporation (OTIS) is generating higher profits and margin expansion. The company is benefiting from solid contributions from its Services segment. Also, this leading elevator and escalator manufacturing company is mainly focusing on innovation and restructuring strategies, as well as increasing investments in research and development ("R&D"). In the past month, OTIS' stock gained 2.5%, ou ...