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 Share repurchases of $200 million YTD GAAP EPS up 24.2% and YTD adjusted EPS up 8.2%, share repurchases of $800 million U ...