Thank were $XX pricing new first constant favorable million with Slide by sales profit annual costs. both organic at at and tenth organic offset equipment reproductivity results quarter X.X%. of with down pressures, with We performance of service higher including higher partially in in was represents sales actual and consecutive wage $X corporate million Drop-through you, volume, FX up up increases, billion, currency. segments and quarter service inflationary better-than-expected $X.X mix on on segments. operating growth our net Judy. This X. delivered Adjusted both Starting traction
of the by the and performance, the operational tax of driven exchange in headwind. was growth count. transaction $X.XX offsets a continued share quarter EPS from foreign Zardoya $X.XX Adjusted lower Accretion stronger improvement rate
of Slide respectively, X% decline in new to XX% EMEA. with roughly QX equipment growth orders growth in growth constant with up to was adjusted modest EMEA, increasing China backlog contributed orders Americas, offsetting in and were at point Moving China. XX% flat. currency, has more our orders up equipment backlog X.X%, Americas, X. the Strong than a new XX%, and in by led Pacific X Asia APAC and
year provides backlog sales balance as equipment term. visibility Our the the medium new well of the as over strong for
and margin increases of APAC. leading the mid-single was mid-single orders from all equipment XX% up and backlog new on approximately in both pricing sequential to digit Americas pricing EMEA digits, in improvement regions. Globally, in benefited We
in we down material price/cost China in achieve While continuing increase driving the are low productivity pricing competitive, slight while remains single share. to favorability to region digits, our
This growth Asia growth roughly organic and flat in Pacific, XX% driven China impacts a lower as EMEA, the in a mid-single-digit Southern delays New expected, demand with in high from growth decline sales was in performance in offset in to single-digit Europe. the India site Americas driven and quarter, largely by by job supply Equipment and environment. by strong XX% were decline chain Korea, and due the
constant actual at material million as the and strong $XX than FX and more currency regional at declined unfavorable profit mix. operating impact by $XX was offset of productivity product million Adjusted
third Service portfolio growth, quarter cancellations. Slide with units portfolio IT's of sixth wins, on of China project Maintenance momentum growth. Modernization good X. packages was offsetting improved several portfolio proposal the consecutive up of units segment quarter X.X%, coverage. with of were another mod recaptured our accelerating consecutive This more from by to XX% and driven delivering in our than grew success activity growth, nearly orders continued sales major results XX%, than the quarter Turning more
Our perform at modernization to XX% backlog well business continues across regions, up all constant with currency.
currency solid of volume, repair the X.X% constant XX a Service from the Maintenance sales Organic wage improvement growth like-for-like and Drop-through organic $XX and volume, quarter, by and of maintenance higher costs. was X.X% by strong timing profit in was favorable the the partially EMEA and grew execution by operating higher sales of headwinds X%, margins offset pricing basis Service modestly in portfolio and were up at Americas. driven more X.X of driven project increases material repair productivity million points and major modernization points. on than offset Asia, ahead on pricing annual basis. expanded expectations. up
at margins gives profit growth off X segment expanding portfolio despite to Slide growth, EPS outlook. reiterate for both currency the and uncertainty. at outlook a confidence mid-single-digit operating level. and start in and continued to Otis and us Overall, constant Moving in service orders, delivering This drive February solid XXXX, to margins while adjusted the profit sales organic quarter revised macroeconomic growth, to strong the are we start strong our the adjusted sales
a FX are million $X.XX by midpoint. million million the from results be This now the versus up at prior change smaller adjusted to profit in adjusted EPS guide, $XX our We exchange an in foreign headwind. $XX approximately improving to increase outlook operating $XXX expected
quarter, unchanged million, the free at In full largely at working due cash payables. for Our to remains capital $XXX free with outlook use in year. billion to cash cash $XXX of billion flow of the $X.X $X.XX roughly first million, flow came
year. execute unwind new equipment to throughout this expect We backlog as the on we our
at a sales outlook look Taking on the organic Slide X. further
X% consistent with Otis remains for up segments, X% X% the X%, X% to growth with the outlook Service total regions guide up equipment and driving across and X% of to sales year. to Our prior new organic all
still quarter into and organic driven in flat execute as be over new the Equipment years. equipment roughly the year-end. on growth achieve built sales We compares by will New Americas, past favorable APAC to expect given strong the we backlog EMEA, ending the China sales few and backlog
on around with would accelerating. On build we of growth the our expect at quarter expect to and moderating Service growth we our each the consistent to work quarter. performance midpoint in see in repair the side, Overall, modernization first guide
coupled We to outlook be to EPS expect flattish the segment, strong pricing adjusted rate. The to drive $X.XX with Service Moving year's growth, Slide equipment, tax midpoint. reflecting strong operational guide on prior as performance second in increase new half lower tailwinds from in year-over-year an X% quarter is our offset acceleration growth approximately at will now growth. by the our last the and XX. commodity second anticipate EPS continued EPS XX% We our and
assuming now CNY are we for full year FX, respectively. X.XX rates and For euro and of the X.XX
well performance offset for financial Overall, our quarter backlog, we first to the balance executing and equipment year by on are results service by to new solid growth positioned on encouraged portfolio execution our accelerating macro the headwinds. deliver our focusing and operational of
please Didi, questions. open for that, the With line