Financial Performance - Net sales reached $3186 million, reflecting a 45% organic decline, primarily due to volume decreases across all regions [11] - Adjusted EBITDA was $510 million, resulting in a 160% adjusted EBITDA margin [11] - Adjusted diluted EPS was $149 per share, compared to $183 per share in Q2 2024 [11] - Gross margin decreased by 100 bps to 421% [46] - Adjusted S&A expenses increased by 90 bps to 273% of net sales [47] - Adjusted EBITDA margin decreased by 170 bps to 160% [48] Growth & Strategy - Orders grew by 4% during the second quarter and 8% year-to-date, with a book-to-bill ratio above 10 [12] - Autonomous Mobile Robot (AMR) sales accelerated to 6% of net sales in Q2 2025, with over 10000 units deployed [17] Outlook - The company reaffirms full-year 2025 guidance, expecting an organic net sales decline of 10% to 40% and adjusted EBITDA margin expansion of 0-50 bps [28]