Otis Worldwide (OTIS) - 2024 Q1 - Quarterly Results

Exhibit 99 OTIS REPORTS FIRST QUARTER 2024 RESULTS Otis continues to deliver mid-single digit organic Service growth and strong margin expansion • 1Q Net sales up 2.7% and organic sales up 3.8% driven by Service net sales up 5.8% with organic sales up 6.5% • 1Q GAAP EPS up 8.9% and adjusted EPS up 10.0% with GAAP operating profit margin expansion of 50 basis points and adjusted operating profit margin expansion of 80 basis points • 1Q New Equipment orders down 10%, backlog down 2%, ~flat at constant currenc ...