AI Earnings Predictions for Otis Worldwide Corporation (OTIS)

EX-99

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EX-99

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Exhibit 99

OTIS REPORTS SECOND QUARTER 2026 RESULTS

Otis delivers organic Service sales growth of 9% matching the highest level since spin with strong double-digit growth in modernization and repair and accelerating maintenance trends

Second quarter 2026

•Net sales up 7% and organic sales up 6%, driven by Service net sales up 11% with organic sales up 9%, and New Equipment net sales flat with organic sales down (1)%, improving sequentially

•GAAP operating profit up $28 million and adjusted operating profit down $25 million

•Modernization orders up 9% at constant currency, backlog up 24%, 26% at constant currency

•Operating cash flow of $267 million; adjusted free cash flow of $290 million

•Share repurchases of approximately $400 million

First half 2026

•Net sales up 7% and organic sales up 4%, driven by Service net sales up 11% with organic sales up 7%

•GAAP operating profit up $156 million and adjusted operating profit down $35 million

•Operating cash flow of $680 million; adjusted free cash flow of $562 million

•Share repurchases of approximately $800 million

FARMINGTON, Conn., July 22, 2026 – Otis Worldwide Corporation (NYSE:OTIS) reported second quarter 2026 net sales of $3.9 billion with organic sales up 6% versus the prior year. GAAP earnings per share (EPS) increased 13% to $1.12 and adjusted EPS decreased 4% to $1.01.

"Otis delivered a solid quarter, with net sales up 7%, supported by growth across all Service lines and sequential improvement in New Equipment trends. Our strategy, actions and investments in service quality are gaining traction as evidenced by double-digit growth in both modernization and repair sales with maintenance growth also accelerating, contributing to Service sales growth that matched the highest level achieved since spin.", said Chair, CEO & President Judy Marks. “Strong backlog in both modernization and New Equipment provides good visibility and supports our expectation for continued growth in the quarters ahead. We remain confident in the long-term growth opportunities across our Service portfolio. An aging installed base and our customers’ increasing focus on reliability, uptime and Service quality are driving favorable demand in both modernization and repair, contributing to drive sustained growth and value creation.”

Judy Marks continued, “As we look to the second half of the year and take a measured approach to our outlook, we remain confident in the durability of our Service-led growth model. We are continuing to invest in our strategic priorities including Service quality, pricing initiatives, and the application of digital technology with a focus on front-line operating excellence and strong execution across the globe. This Service-driven strategy reinforces our conviction in the long-term growth potential of the business and our ability to deliver sustainable value creation for shareholders over time."

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Key Figures

Quarter Ended June 30,Six Months Ended June 30,

(dollars in millions, except per share amounts)20262025Y/YY/Y (CFX)20262025Y/YY/Y (CFX)

Net sales$3,859$3,5957 %6 %$7,425$6,9457 %4 %

Organic sales growth6 %4 %

GAAP

Operating profit$575$547$28$1,114$958$156

Operating profit margin14.9 %15.2 %(30) bps15.0 %13.8 %120 bps

Net income$428$3939 %$768$63621 %

Earnings per share$1.12$0.9913 %$1.99$1.6024 %

Adjusted non-GAAP comparison

Operating profit$587$612$(25)$(32)$1,137$1,172$(35)$(70)

Operating profit margin15.2 %17.0 %(180) bps15.3 %16.9 %(160) bps

Net income$389$416(6)%$736$784(6)%

Earnings per share$1.01$1.05(4)%$1.90$1.97(4)%

Second quarter net sales of $3.9 billion, increased 7% versus the prior year, driven by Service sales with growth in all lines of business.

Second quarter GAAP operating profit of $575 million increased $28 million driven primarily by the absence of UpLift transformation costs, separation-related adjustments, and other non-recurring items in the prior year. Adjusted operating profit of $587 million decreased $25 million at actual currency and $32 million at constant currency, driven by growth in Service more than offset by a decline in New Equipment and other corporate adjustments. GAAP operating profit margin contracted 30 basis points to 14.9% and adjusted operating profit margin of 15.2% declined 180 basis points versus the prior year driven by unfavorable segment performance and other corporate adjustments, partially offset by segment mix. The performance was impacted by ongoing investment in key Service growth initiatives, which were expanded this year to capitalize on strong repair and modernization demand, enhance Service excellence, and build long-term pricing capabilities.

GAAP EPS of $1.12 increased 13% compared to the prior year primarily driven by the absence of UpLift transformation costs, separation-related adjustments, and other non-recurring items in the prior year. Adjusted EPS of $1.01 decreased 4% driven by operational perf

EX-99

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Exhibit 99

OTIS REPORTS FIRST QUARTER 2026 RESULTS

Otis delivers net sales growth of 6%, driven by Service with growth in all lines of business, led by repair

•Net sales up 6% and organic sales up 1%, driven by Service net sales up 11% with organic sales up 5%

•Repair net sales up 16% with organic sales up approximately 10%

•Modernization orders up 11% at constant currency, backlog up 32%, 30% at constant currency

•New Equipment orders up 1% at constant currency, backlog up 6%, 3% at constant currency

•Operating cash flow of $413 million; adjusted free cash flow of $272 million

•Share repurchases of approximately $400 million

FARMINGTON, Conn., April 22, 2026 – Otis Worldwide Corporation (NYSE:OTIS) reported first quarter 2026 net sales of $3.6 billion with organic sales up 1% versus the prior year. GAAP earnings per share (EPS) increased 43% to $0.87 and adjusted EPS decreased 3% to $0.89.

"Otis delivered a solid quarter, with net sales up 6%. All Service lines of business grew, led by repair which grew 16% at actual currency and 10% organically. Orders and backlog strengthened: modernization orders were up 11% and backlog was up 30% at constant currency. New Equipment orders grew 1% and backlog grew 3% at constant currency. Otis delivered operating cash flow of $413 million and adjusted free cash flow of $272 million, up significantly from a year ago,” said Chair, CEO & President Judy Marks. “This performance allowed Otis to repurchase approximately $400 million of shares while also announcing an exciting majority investment in WeMaintain, a digitally native and AI enabled elevator service provider.”

Judy Marks continued, “While underlying demand remains solid as reflected in our order activity, we faced near‑term pressures, reflected in our Service margins, from cost headwinds and investments in growth. We are taking decisive actions focused on operational execution, pricing, and cost efficiency to address these pressures, while continuing our disciplined capital allocation to drive long‑term shareholder value. The combination of our increasing backlog, pricing actions, and disciplined execution give us confidence in growing momentum into the second quarter and remainder of the year.”

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Key Figures

Quarter Ended March 31,

(dollars in millions, except per share amounts)20262025Y/YY/Y (CFX)

Net sales$3,566$3,3506 %1 %

Organic sales growth1 %

GAAP

Operating profit$539$411$128

Operating profit margin15.1 %12.3 %280 bps

Net income$340$24340 %

Earnings per share$0.87$0.6143 %

Adjusted non-GAAP comparison

Operating profit$550$560$(10)$(38)

Operating profit margin15.4 %16.7 %(130) bps

Net income$347$368(6)%

Earnings per share$0.89$0.92(3)%

First quarter net sales of $3.6 billion, increased 6% versus the prior year, driven primarily by Service sales with growth in all lines of business, partially offset by a decrease in New Equipment sales in China and Asia Pacific.

First quarter GAAP operating profit of $539 million increased $128 million driven primarily due to a favorable comparison due to UpLift transformation costs, separation-related adjustments, and other non-recurring items in the prior year. Adjusted operating profit of $550 million decreased $10 million at actual currency and $38 million at constant currency, driven by declines in both segments. GAAP operating profit margin expanded 280 basis points to 15.1% and adjusted operating profit margin of 15.4% declined 130 basis points versus the prior year driven by unfavorable segment performance partially offset by segment mix. The performance was impacted by an unfavorable year‑over‑year comparison due to tariff impacts versus the prior year, continued Service investments that began in the second quarter of last year and accelerated this year to support strong repair and modernization order momentum, and shipment delays in New Equipment and modernization related to the geopolitical situation in the Middle East.

GAAP EPS of $0.87 increased 43% compared to the prior year primarily driven by a favorable comparison due to UpLift transformation costs, separation-related adjustments, and other non-recurring items in the prior year. Adjusted EPS of $0.89 decreased 3% driven by operational performance, higher interest, and higher taxes, partially offset by favorable foreign exchange rates and a lower share count.

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Service

Quarter Ended March 31,

(dollars in millions)20262025Y/YY/Y (CFX)

Net sales$2,417$2,18711 %6 %

Organic sales5 %

Segment operating profit$556$537$19$(10)

Segment operating profit margin23.0 %24.6 %(160) bps

In the first quarter, net sales of $2.4 billion increased 11%, with a 5% increase in organic sales. Organic maintenance and repair sales increased 4% and organic modernization sales increased 6%.

Segment operating profit of $556 million increased $19 million at actual currency and decreased $10 million at constant currency due to higher volume and fa

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 28, 2026

OTIS WORLDWIDE CORPORATION

(Exact name of registrant as specified in its charter)

Delaware001-3922183-3789412 (State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification No.)

One Carrier Place Farmington, Connecticut 06032 (Address of principal executive offices, including zip code) Registrant’s telephone number, including area code (860) 674-3000 N/A (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company   ¨ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ¨

Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock ($0.01 par value)OTISNew York Stock Exchange

0.318% Notes due 2026OTIS/26New York Stock Exchange 2.875% Notes due 2027OTIS/27New York Stock Exchange 0.934% Notes due 2031OTIS/31New York Stock Exchange

Section 2—Financial Information Item 2.02. Results of Operations and Financial Condition. On January 28, 2026, Otis Worldwide Corporation (“Otis”) issued a press release announcing its fourth quarter and year ended December 31, 2025 results. The press release issued January 28, 2026 is furnished herewith as Exhibit No. 99 to this Report, and shall not be deemed filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section and shall not be deemed to be incorporated by reference into any filing by Otis under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Section 9—Financial Statements and Exhibits Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. Exhibit Number Exhibit Description 99 Press Release, dated January 28, 2026, issued by Otis Worldwide Corporation.

104Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

OTIS WORLDWIDE CORPORATION

(Registrant)

Date: January 28, 2026 By:/s/ Cristina Méndez

Cristina Méndez Executive Vice President & Chief Financial Officer