secwatch.observer — SEC 8-K summary
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Issuer:     Johnson Controls International plc (JCI)
CIK:        0000833444
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0000833444-24-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Johnson Controls Q1 adj EPS $0.51, sales flat YoY; cuts FY24 guidance, explores strategic alternatives
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- Q1 GAAP EPS $0.55, adjusted EPS $0.51; net income $374M GAAP, $350M adjusted.
- Sales $6.1B flat as reported, -1% organic; orders +1% organic, backlog $12.1B (+7% organic).
- FY24 adjusted EPS guidance lowered to ~$3.60-$3.75 from prior $3.65-$3.80.
- Early stages of pursuing strategic alternatives for non-commercial businesses to maximize shareholder value.
- Marc Vandiepenbeeck appointed CFO, effective immediately.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833444/000083344424000007/0000833444-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833444/000083344424000007/jci-20240130.htm
  HTML page:      https://secwatch.observer/filing/0000833444-24-000007

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