BacklogBacklog is down ~2% at $6.75bn, however the company adjusted $0.5bn of backlog on currency headwinds, transport normalization, and new down payment policy.
China MarketAsia-Pacific orders decreased by 31%, with significant declines in China, reflecting a slowdown in non-residential markets.
Order BookThe moderating Commercial HVAC bookings and a tough China order outcome appeared to cloud what was strong performance again.