earnings
confidence high
sentiment positive
materiality 0.75
Johnson Controls Q4 adj EPS $1.05 (+6% YoY), sales $6.9B; initiates FY24 guidance
Johnson Controls International plc
- Q4 GAAP EPS $0.80, adjusted EPS $1.05 (up 6% YoY, includes $0.04 cyber headwind); FY adj EPS $3.50 (up 17% YoY).
- Q4 sales $6.9B, up 3% reported and 2% organically; FY sales up 6% reported, 8% organically.
- Record backlog of $12.1B, up 9% organically YoY; Q4 orders grew 9% organically.
- Company initiates FY24 guidance (specific numbers not disclosed in release excerpt).
- GAAP net income $549M; adjusted net income $719M (+5%); adjusted EBIT margin 13.6% (flat YoY).