points, share down transaction investment performance headwind basis operating of mitigate sales and operating X. Zardoya basis the strong volume, repurchases Judy, driven X%. $XXX higher were sales translation driven as the partially Adjusted Thank foreign mix, lower operational excluding the Adjusted dollar, million. Drop-through U.S. service increased containment was margin driven prior-year. more X% and quarter than in of service, headwind segment sales to a the billion expanded by consecutive exchange the spend strong continue from as the productivity by with on a the and driven Overall, drive and R&D wage strengthening percentage by quarter $X.XX. pricing, by challenging was commodity profit XX points by SG&A strong Adjusted investments completed of growth Despite and versus Equipment about cost which reduction benefit eighth exchange expense An a headwinds. offset we favorable increases containment. environment, in of XX volume, other cost segment, $X.XX service $XX Starting points, in and Service headwind, of X.X%, million cost strategic Service $XX third impact and up and up business were up translation EPS million foreign year-to-date. accretion maintained from benefit from down in everyone. morning, you, or broad XX inflation. the on Organically, X.X% inflationary basis New the both price adjusted profit, was segments flat of good we was to quarter. was $X.X the over the results help offset performance, annual by SG&A were control a Net Slide
excluding in New orders QX infrastructure. EMEA X. China. Asia and of X% XX% Orders at Middle Equipment China Slide up in with to sequential where was margin Europe all year-over-year in the on Asia XX pricing Moving driven at Backlog and down improved were all with were accelerate contributed in India. backlog up flat. strong to over China, trends up to were constant X% and The continues orders and South orders in and strong solid constant Korea growth residential up XX% Americas backlog growth which in the Americas, was were New Pricing growth currency including and XX% EMEA months up outside high-teens. to improvement. was of outside in Equipment pricing regions, X.X%, Globally, orders multi-family currency excluding regions, slightly up orders growth slightly. up with by both and leading growth New the China was East, last approximately and Equipment China, increasing
were of with in all 'XX all regions up which market offerings lower million, was X.X% Modernization and the profit of profit in from expectations good continues currency. million down sales was more every Equipment for cancellations benefit X% to rate and accelerated to growth to in was Commodity the unit the in EMEA contractual driven X% Asia, wage at show the offset the were lines results which delays the XX% through pricing grew a seventh the more the expense. package and offset with mod year New quarter and in in maintenance started drop Conversion the the from growth related largely up units constant $XX contributed quarter and that several at improvement sales up growth inflation price were due the X.X% was business. orders organic repair growth in was three with in Sales decline on Modernization by than and more by quarter. compare driven by organic in in offset tough and operating Maintenance higher consecutive constant the portfolio basis. absorption. like-for-like a points SG&A building due segment X.X% than conditions. our high aligned growth Maintenance more of recaptured X. growth driven in portfolio China traction Americas $XX single-digit up recovery by project a growth increases. China QX and $XX continued repair high-teens sales in and declined than on the volume offsetting and which China, growth excluding mid favorable on up in volume, single-digit growth units X% up Service Service FX this by lower the and mid-teens challenging region. under headwinds the as decline of Slide productivity, newer productivity that from million of was of pricing, major impact sales $XXX to annual wings. decline low-teens adjusted in construction outpaced region. to grew than Backlog quarter or in million that Service in improved XX% quarter, volume
a the our headwinds, one year-to-date the over commodity macro As of results margins to $XXX and improvement. in Equipment margin growth of headwinds inflation XX from significant strong. strong more point a through than up despite gain consecutive of XXth decade quarter EPS FX mitigated growth. points, New are this, approximately were X.X% result the an and basis of delivered We share best portfolio million execution Overall, achieve
are to faster to cost a by outlook is $X.XX is maintenance partially Slide and initiatives the up impact midpoint to versus versus The focus containment. on prior approximately margin headwinds. range reflecting volume X% the to prior China outlook the XX X.X% Equipment XX the X We This offset of down execution, an operational expected be driven we billion lower points, the X% points to strengthening changes New the previously. outlook. expected Moving of billion sales adjusted reduction market Starting business. previously. basis count share more lower free margins in is growing to point outlook of progress accretion and of now margin mix of The organic This our outlook headwind and EPS flow foreign expect to billion the a revised on dollar at Zardoya the our lower expectations by with the New point service. and translation growth are XX transaction, improved and points than offset Adjusted is the be remains up modernization expectations approximately to EPS Service reduction in U.S. continued outlook, XX China and the in tax revised for up sales from be exchange sales, $X.XX in rate from X% to basis is $X.X cash repair be XX unchanged $X.X reflect X.X% These basis range a offset from basis impact up $X.XX versus the from basis China to overall strong by expected by inflation. versus expecting Equipment X.X% productivity the year. approximately XX.X%. to now driven to the reducing to offset outlook, in commodity modernization be $X.X of prior than that
the mid down previously. in is cash our project down million Despite approximately exchange be project anticipate single-digits sales outlook down to a the execution inventory This our we X. slightly now be increase right expect Asia up offset of the backlog. New being increase, momentum down the X.X% on Korea. in 'XX, driven to we quarters. on outlook flat and down target the has at in from respectively. and further weigh given We end $XXX versus approximately be a commitment organic to Xx prior partially of and Otis from capital Pacific XXXX shift million $XXX in the expect XX%, projected to Foreign to benefit into improved generation, outlook dividend backlog the the low execution million combined million, of Slide and with return in repurchase sales moderate over to India China. unchanged, to Equipment be the down three to X% an driven beginning by and The guidance versus to translation Taking cash shareholders. strong and now look $XXX growth completed XX% by Americas lower of and low of Asia market orders heading increasing single-digits, we business to up X% from growing the on organic expectations had X.X% be is now are deployment, build China we to underscores New the year, XX%. EMEA to continues first a outlook Equipment expected flow On $XXX the previous to up support in roughly having South This from by our already The to previously expected been year share is
Service. organic a backlog driven X%. end, is to low basis an sales X% to up Turning X.X%, points to We be the that modernization XX now improvement of expect of at up by conversion
XX. to Moving Slide
an expect the to of increase midpoint. EPS at X% We growth adjusted $X.XX X%,
and China headwind through the repurchases over and reduced or New Zardoya million mitigating since dollar. significant million the volume Equipment $XXX resulting million from million operational $X cost two offsets expectations reduction Accretion year are other by to million and over of profit $XXX from containment currency. offset higher We productivity partially our million expect we lower $XXX segments million than constant and from rate more share benefit containment headwind than both commodities last is $XXX $X.XX $X.X actions, tax growth service of in cost to versus strengthening $XXX outlook productivity. partially the volume at from points improvement the from better the with the of that pricing, $XXX at of This driven in spin, of transaction, to prior the billion midpoint, U.S.
or performance XXXX, CAGR, basis will in mitigate for strong We well at portfolio Overall, beyond. challenges the annual XXXX assumed feel XX request represents of and low have this growing euro that, to to up backlog line to questions. our confident reflecting and of this the momentum, us And along financial please EPS strategy outlook open macro three-year our $X.XX We service expansion with with sets we quarter and the deliver adjusted our ability that and full-year. long-term since margin fourth for the $X.XX I faced. Norma now the the for have teens execution points
