OTIS REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS

Otis delivers solid fourth quarter and full year results; announces 2025 outlook with sustained earnings growth driven by continued Service momentum Fourth quarter 2024 Net sales up 1.5% and organic sales up 1.9%, driven by Service sales up 7.6% and Service organic sales up 7.8% GAAP EPS up 6.3% and adjusted EPS up 6.9% with continued margin expansion Maintenance portfolio units increased 4.2% Modernization orders up 18%; backlog up 10%, 13% at constant currency GAAP cash flow from operations of $690 milli ...