Q2 2025 Financial Performance - Service organic sales increased by 4%[6, 7] - Modernization orders grew by 22%[7, 8] - Adjusted operating profit margin remained flat at 17%[15, 58] - The company repurchased approximately $300 million of shares in Q2, and about $550 million year-to-date[7] - Adjusted EPS was $1.05[84] Orders and Backlog - New Equipment orders decreased by 1%, but increased by 11% excluding China[7, 8] - Modernization backlog increased by 16% at constant currency[7, 8] - New Equipment backlog decreased by 3%[8, 50] Segment Results - Service segment organic sales increased by 4%[19] and operating profit increased by $26 million at constant currency[20] - New Equipment segment organic sales decreased by 11%[24] and operating profit decreased by $41 million at constant currency[25] Outlook - The company expects organic sales to increase by approximately 1%[30, 33] - Adjusted operating profit is projected to be between $2.4 billion and $2.5 billion[32] - Adjusted EPS is expected to be between $4.00 and $4.10, representing a 4% to 7% increase[32, 41]