Otis Worldwide Corporation has reported its second quarter 2025 financial results, revealing net sales of $3.6 billion, with a decrease of 2% in organic sales compared to the prior year. The company's GAAP earnings per share $(EPS)$ decreased by 3% to $0.99, while adjusted EPS decreased by 1% to $1.05. The Service segment demonstrated robust performance, contributing to mid-single digit organic sales growth and sequential operating profit margin expansion. Service net sales increased by 6%, with organic sales up by 4%, and the Service operating profit margin improved by 20 basis points. Modernization orders experienced significant growth, rising 22% at constant currency, while the backlog increased by 19%, or 16% at constant currency. New Equipment orders decreased by 1% at constant currency but showed an 11% increase when excluding China. In terms of financial outlook, Otis reconfirmed its 2025 EPS outlook, projecting adjusted EPS to be within the range of $4.00 to $4.10, which represents an increase of 4% to 7%. The company anticipates adjusted operating profit to be between $2.4 billion and $2.5 billion, with an expected adjusted free cash flow of $1.4 billion to $1.5 billion. The adjusted effective tax rate is projected to be approximately 24.8%. Overall, Otis continues to execute its UpLift program effectively, aiming for expected run-rate savings of $200 million, alongside increased savings from the China transformation program, targeting $40 million by the end of 2025. The first half of 2025 saw GAAP cash flow from operations at $405 million and adjusted free cash flow at $429 million, with share repurchases amounting to approximately $550 million.