OTIS REPORTS THIRD QUARTER 2025 RESULTS

About this update from Otis Worldwide Corporation

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GAAP earnings per share (EPS) decreased 29% to $0.95 and adjusted EPS increased 9% to $1.05.","length":282,"tagName":"p"},{"type":"text","content":""Otis returned to growth as we delivered strong performance. Our Service flywheel generated our highest organic sales growth and operating profit margin expansion this year with our industry leading maintenance portfolio growing 4%," said Chair, CEO & President Judy Marks. "Modernization orders grew 27%, organic modernization sales grew 14%, and our repair business performed well. These strong results illustrate the strength of our Service driven strategy. This, coupled with a strong order book for modernization and recovery in New Equipment gives us confidence to increase the midpoint of our EPS outlook."","length":637,"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 September 30, ","length":27,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.83em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;TEXT-ALIGN:RIGHT;","val":[{"type":"text","content":" 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24.8%","length":94,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted free cash flow of approximately $1.45 billion","length":54,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":492,"olType":false},{"type":"text","content":"Otis continues its strong execution of the UpLift program with expected run-rate savings of $200 million and expected run-rate savings from the China transformation program to $40 million by year-end 2025.","length":205,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;","val":[{"type":"text","content":" 1 Note: When we provide outlook for organic sales, adjusted operating profit, adjusted EPS, adjusted effective tax rate and adjusted free cash flow on a forward-looking basis, a reconciliation of the differences between the non-GAAP expectations and the corresponding GAAP measures generally is not available without unreasonable effort. See "Use and Definitions of Non-GAAP Financial Measures" below for additional information. ","length":438,"tagName":"p","attribs":{}}]}]}],"length":438},{"type":"text","content":" About Otis Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2.4 billion people a day and maintain approximately 2.4 million customer units worldwide, the industry's largest Service portfolio. Headquartered in Connecticut, USA, Otis is 72,000 people strong, including 44,000 field professionals, all committed to manufacturing, installing and maintaining products to meet the diverse needs of our customers and passengers in more than 200 countries and territories worldwide. For more information, visit www.otis.com and follow us on LinkedIn, YouTube, Instagram and Facebook @OtisElevatorCo.","length":663,"tagName":"p"},{"type":"text","content":" Use and Definitions of Non-GAAP Financial Measures ","length":50,"tagName":"p"},{"type":"text","content":"Otis Worldwide Corporation ("Otis") reports its financial results in accordance with accounting principles generally accepted in the United States ("GAAP"). We supplement the reporting of our financial information determined under GAAP with certain non-GAAP financial information. The non-GAAP information presented provides investors with additional useful information, but should not be considered in isolation or as substitutes for the related GAAP measures. Moreover, other companies may define non-GAAP measures differently, which limits the usefulness of these measures for comparison...

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