Johnson Controls International PLC

JCI

Equity

ISIN IE00BY7QL619 / Valor 31349330

New York Stock Exchange, Inc (2024-09-17)

USD 72.87+0.50%

Johnson Controls International PLC
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About company

Johnson Controls International PLC is a global leader in building automation systems, heating, ventilating, air-conditioning, and refrigeration products and services. With a strong presence in the European automotive market, the company has expanded its technological capabilities through strategic acquisitions, allowing it to design, engineer, and assemble complete automotive seating systems. Johnson Controls also provides climate controls for a wide range of industries, including agriculture, commercial laundromats, and even the U.S. National Aeronautics and Space Administration. With a focus on energy efficiency and environmental sustainability, the company continues to innovate and provide cutting-edge solutions for its customers worldwide.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Growth

Johnson Controls International PLC reported fiscal third quarter 2024 sales of $7.2 billion, marking a 1% increase over the prior year on an as-reported basis and a 3% increase organically. This growth was driven by robust demand in their service segment and strong performance in their Building Solutions North America division.

Earnings Per Share

For the fiscal third quarter of 2024, Johnson Controls International PLC reported GAAP earnings per share (EPS) of $1.45. Excluding special items, the adjusted EPS was $1.14. This reflects the company's ability to manage costs and improve profitability despite a challenging economic environment.

Net Income

Johnson Controls International PLC achieved a GAAP net income of $975 million for the fiscal third quarter of 2024. On an adjusted basis, net income was $769 million, showcasing the company's strong operational performance and effective cost management strategies.

Backlog and Orders

The company reported a significant increase in its backlog, which reached $12.9 billion, up 10% organically year-over-year. Orders also saw a 5% organic increase compared to the same period last year, indicating strong future demand for Johnson Controls International PLC's products and services.

Guidance Update

Johnson Controls International PLC has tightened its full-year fiscal 2024 guidance. The company now expects adjusted EPS before special items to be in the range of $3.66 to $3.69, reflecting their confidence in continued growth and value creation. The company also initiated fiscal fourth quarter guidance, projecting organic sales growth of approximately 7% year-over-year.

Summarized from source with an LLMView Source

Key figures

27.6%1Y

-2.31%3Y

66.1%5Y

Performance

25.4%1Y

28.2%3Y

30.5%5Y

Volatility