OTIS REPORTS SECOND QUARTER 2025 RESULTS

About this update from Otis Worldwide Corporation

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Service operating profit margin up 20 bps • GAAP EPS down 15% and adjusted EPS up 2% • GAAP cash flow from operations of $405 million ; adjusted free cash flow of $429 million • Share repurchases of approximately $550 million ","length":281,"tagName":"p"},{"type":"text","content":" FARMINGTON, Conn. , July 23, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported second quarter 2025 net sales of $3.6 billion with organic sales down 2% versus the prior year. GAAP earnings per share (EPS) decreased 3% to $0.99 and adjusted EPS decreased 1% to $1.05 .","length":284,"tagName":"p"},{"type":"text","content":""Otis delivered solid performance led by the strength of our Service segment that continues our steady growth trajectory, and contributed mid-single digit organic sales growth and both year over year and sequential operating profit margin expansion. Our industry leading maintenance portfolio grew 4% again this quarter," said Chair, CEO & President Judy Marks . "Modernization acceleration continues with orders growing greater than 20% and backlog growing mid-teens. Along with strong performance in our repair business this quarter and the continued execution of our Service driven strategy, we have the confidence to reconfirm our 2025 EPS outlook."","length":676,"tagName":"p"},{"type":"text","content":" Key Figures ","length":11,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"2","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;","val":[{"type":"text","content":" (dollars in millions, except per share amounts) ","length":47,"tagName":"p","attribs":{}}]},{"colspan":"7","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;TEXT-ALIGN:CENTER;","val":[{"type":"text","content":" Quarter Ended June 30, ","length":22,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.83em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;TEXT-ALIGN:CENTER;","val":[{"type":"text","content":" 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