Otis Worldwide (OTIS) official guidance

We continue to expect adjusted EPS in the range of $4.10 to $4.05

Our adjusted free cash flow outlook is around $1.5 billion

Our adjusted operating profit outlook remains unchanged. In the range of down $30 million to flat on an actual currency basis and down $45 million to down $15 million at constant currency.

Our adjusted operating profit outlook remains unchanged. In the range of down $30 million to flat on an actual currency basis and down $45 million to down $15 million at constant currency. This year, we have made deliberate strategic investments in service to strengthen the business and drive the service flywheel going forward.

Q4 is expected at the midpoint of the guide and assuming that productivity and churn levels remain at the current level to be about the same level as Q3.

Organic service sales are expected to grow mid to high single digits, with new equipment down low single digits to flat.

Organic service sales are expected to grow mid to high single digits, with new equipment down low single digits to flat.

We continue to expect net sales of $15.1 billion to $15.3 billion with low- to mid-single-digit organic sales growth.

This is going to continue in terms of new equipment sales. We expect it to be at least flat to positive. I would not say it is going to be linear sometimes there is some major projects in it. But over time, over the next, certainly, fourth quarter through 2027 and even further, North America new equipment sales look very promising and very positive.

This is going to continue in terms of new equipment sales. We expect it to be at least flat to positive. I would not say it is going to be linear sometimes there is some major projects in it. But over time, over the next, certainly, fourth quarter through 2027 and even further, North America new equipment sales look very promising and very positive.

•Adjusted operating profit of approximately $2.4 billion, down $45 to $15 million at constant currency; down $30 million to flat at actual currency

•Adjusted operating profit of approximately $2.4 billion, down $45 to $15 million at constant currency; down $30 million to flat at actual currency

•Organic sales up low to mid-single digits

Total adjusted operating profit is expected to be flattish in the third quarter, but with the impact of tax rate calendarization, we anticipate that it will result in an adjusted EPS decline at a level similar to the first half of the year.

Out of the $50, we have invested $15 each quarter in Q1, Q2, so $30 million in the first half of the year, and we expect another $20 million in the second half of the year.

Lewis, I said flat versus the prior year.

In Q4, we expect operating profit growth on the back of ongoing growth in the equipment with more or less stable margins, ongoing growth in service revenues, also around 6%, but with another ramp-up in service growth.

On the service side, you are going to see the ramp-up in the second half of the year. Service margins are going to expand.

Looking at the margins in service, when you compare first half that are around 23.1% to the second half expected around mid-24%, this is a 150 basis point margin expansion in the second half.

We expect margin rates to gradually ramp-up. In Q3 will be around mid-24%.