Tag: Olivier Leonetti
Johnson Controls' strong Q2 performance punctuated with a dedication to sustainability
May 8, 2023Ken Showers, Managing Editor
CORK, Ireland – Johnson Controls builds on its solid Q1 performance and finishes the second fiscal quarter 2023 with numbers exceeding guidance.
At a glance the highlights show Johnson Controls with Q2 reported sales of +10% versus the prior year; +13% organically. A Q2 GAAP EPS of $0.19; Adjusted EPS of $0.75, up 19% versus prior year. Their Q2 orders are +8% organically year-over-year, and a record backlog of $11.7 billion, increased 9% organically year-over-year. CEO George...
Johnson Controls Q1 results “Solid,” growth in service-based businesses
February 1, 2023Ken Showers, Managing Editor
CORK, Ireland – Johnson Controls is off to a strong start in the initial quarter of 2023 according to its first earnings call of the year on Feb. 1.
The company highlighted a strong performance in its service orders, EBIT Margin Expansion, and adjusted EPS growth. At a glance the company achieved a 9 percent increase in organic sales growth, with sales in the quarter of $6.1 billion increased 4 percent over the prior year. The company showed an EBIT of $237 million with...