Otis Worldwide (OTIS) - 2024 Q2 - Quarterly Results

Exhibit 99 OTIS REPORTS SECOND QUARTER 2024 RESULTS Otis delivers continued strong Service performance leading to mid-teens EPS growth • GAAP EPS up 13.3% and adjusted EPS up 15.2% with continued margin expansion • Service net sales up 3.0% and Service organic sales up 5.1% • Mod orders up 14%, backlog up 15%, up 17% at constant currency • Maintenance portfolio units increased 4.2% • GAAP cash flow from operations of $308 million; adjusted free cash flow of $353 million • Share repurchases of $300 million • ...