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 New Equipment | | | | | Quarter Ended March 31, | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | ($ millions) | 2024 | | 2023 | | Y/Y | | Y/Y (CFX) | | | Net sales | $ | 1,280 | $ | 1,307 | | (2.1)% | | (0.5)% | | Organic sales | | | | | | | | (0.5)% | | Segment operating profit | $ | 71 | $ | 69 | $ | 2 $ | | 6 | | Segment operating profit margi ...