OTIS REPORTS SECOND QUARTER 2024 RESULTS

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 1H GAAP EPS up 11.2% and adjusted EPS up 12.8%, GAAP operating profit margin expansion of 30 basis points and adjusted operating profit margin expan ...