Group 1 - The core viewpoint of the article highlights that Johnson Controls reported third-quarter net sales of $6.1 billion, exceeding the estimated $6 billion [1] - The adjusted earnings per share (EPS) for the company was $1.05, surpassing the market expectation of $1.01 [1]

智通财经7月29日电，江森自控第三季度净销售额61亿美元，预估60亿美元；调整后每股收益1.05美 元，超出市场预期的1.01美元。 ...

[Q3 2025 Earnings Release](index=1&type=section&id=Q3%202025%20Earnings%20Release) Johnson Controls reports strong Q3 2025 results with increased sales, robust backlog, and raised full-year guidance [Financial Highlights](index=1&type=section&id=Financial%20Highlights) Johnson Controls reported **$6.1 billion** sales with **6% organic growth**, **$0.94** GAAP EPS, and a record **$14.6 billion** Systems and Services backlog Q3 2025 Key Financial Metrics | Metric | Q3 2025 Value | YoY Change (as reported) | YoY Change (organic) | | :--- | :--- | :--- | :--- | | Sales | $6.1B | +3% | +6% | | GAAP EPS | $0.94 | - | - | | Adjusted EPS | $1.05 | - | - | | Orders | - | - | +2% | | Systems & Services Backlog | $14.6B | - | +11% | - CEO Joakim Weidemanis highlighted the company's 140-year history, attributing strong results to customer prioritization, employee empowerment, and R&D investment, emphasizing a new business system for accelerated performance and long-term shareholder value[3](index=3&type=chunk) [Segment Performance](index=2&type=section&id=FISCAL%20Q3%20SEGMENT%20RESULTS) Americas and APAC segments led organic growth, with mixed margins reflecting productivity and regional adjustments [Americas](index=2&type=section&id=Americas) Americas sales were flat reported but **7% organic growth** to **$4.0 billion**, with GAAP EBITA margin down and adjusted margin up Americas Q3 Performance (vs. Q3 2024) | Metric | Q3 2025 (million) | Q3 2024 (million) | Change | | :--- | :--- | :--- | :--- | | Sales | $4,042 | $4,035 | 0% | | GAAP Segment EBITA | $742 | $804 | -8% | | Adjusted Segment EBITA | $746 | $743 | 0% | | GAAP Segment EBITA Margin | 18.4% | 19.9% | -150 bp | | Adjusted Segment EBITA Margin | 18.5% | 18.4% | +10 bp | - Organic orders increased by **5%** year-over-year, and the backlog grew by **10%** to **$10.3 billion**, indicating continued demand in the region[7](index=7&type=chunk) [EMEA (Europe, Middle East, Africa)](index=2&type=section&id=EMEA%20(Europe%2C%20Middle%20East%2C%20Africa)) EMEA sales grew **8%** to **$1.3 billion** with **4% organic growth**, driven by Service, expanding GAAP and adjusted EBITA margins EMEA Q3 Performance (vs. Q3 2024) | Metric | Q3 2025 (million) | Q3 2024 (million) | Change | | :--- | :--- | :--- | :--- | | Sales | $1,273 | $1,177 | +8% | | GAAP Segment EBITA | $177 | $154 | +15% | | Adjusted Segment EBITA | $179 | $154 | +16% | | GAAP Segment EBITA Margin | 13.9% | 13.1% | +80 bp | | Adjusted Segment EBITA Margin | 14.1% | 13.1% | +100 bp | - Organic orders saw a modest increase of **2%** year-over-year, while the backlog grew by **9%** to **$2.6 billion**[9](index=9&type=chunk) [APAC (Asia Pacific)](index=3&type=section&id=APAC%20(Asia%20Pacific)) APAC sales increased **7%** to **$737 million** with **6% organic growth** and improved EBITA margin, despite **8% lower** organic orders APAC Q3 Performance (vs. Q3 2024) | Metric | Q3 2025 (million) | Q3 2024 (million) | Change | | :--- | :--- | :--- | :--- | | Sales | $737 | $686 | +7% | | GAAP & Adjusted Segment EBITA | $143 | $128 | +12% | | GAAP & Adjusted Segment EBITA Margin | 19.4% | 18.7% | +70 bp | - While sales and backlog (**$1.7B**, **+14% YoY**) were strong, organic orders declined by **8%** compared to the prior year[11](index=11&type=chunk) [Corporate](index=3&type=section&id=Corporate) GAAP corporate expenses increased **10%** to **$141 million**, while adjusted expenses decreased **22%** to **$93 million** after exclusions Corporate Expense Q3 (vs. Q3 2024) | Metric | Q3 2025 (million) | Q3 2024 (million) | Change | | :--- | :--- | :--- | :--- | | GAAP Corporate Expense | $141 | $128 | +10% | | Adjusted Corporate Expense | $93 | $119 | -22% | [Other Q3 Financial Items](index=3&type=section&id=OTHER%20Q3%20ITEMS) Johnson Controls generated **$787 million** operating cash flow and **$693 million** free cash flow, returning capital via dividends and share repurchases - **Cash Flow**: Generated **$787 million** in cash from operating activities and **$693 million** in free cash flow (**$725 million** adjusted)[13](index=13&type=chunk) - **Dividends**: Paid **$243 million** to shareholders[13](index=13&type=chunk) - **Share Repurchases**: Bought back **3.8 million** shares for **$310 million**[13](index=13&type=chunk) [Fiscal 2025 Guidance](index=4&type=section&id=GUIDANCE) Johnson Controls initiated Q4 2025 guidance, raising full-year adjusted EPS to **$3.65-$3.68** and free cash flow conversion to **>100%** Q4 Fiscal 2025 Guidance | Metric | Guidance | | :--- | :--- | | Organic Sales Growth | Low single digits | | Adjusted Segment EBITA Margin | ~18.6% | | Adjusted EPS | $1.14 to $1.17 | Full Year Fiscal 2025 Guidance (Raised) | Metric | Guidance | Previous Guidance | | :--- | :--- | :--- | | Organic Sales Growth | Mid-single digits | Unchanged | | Adjusted Segment EBITA Margin Improvement | ~90 bps YoY | Unchanged | | Adjusted EPS | $3.65 to $3.68 | ~$3.60 | | Adjusted Free Cash Flow Conversion | >100% | ~100% | [Consolidated Financial Statements](index=8&type=section&id=FINANCIAL%20STATEMENTS) Consolidated financial statements show **3%** net sales growth, stable balance sheet, and significant operating cash flow increase from continuing operations [Consolidated Statements of Income](index=8&type=section&id=Consolidated%20Statements%20of%20Income) Net sales increased to **$6.05 billion**, but income from continuing operations decreased to **$618 million**, resulting in **$0.94** diluted EPS Q3 Income Statement Highlights (in millions, except EPS) | Metric | Three Months Ended June 30, 2025 (million) | Three Months Ended June 30, 2024 (million) | | :--- | :--- | :--- | | Net Sales | $6,052 | $5,898 | | Gross Profit | $2,246 | $2,109 | | Income from continuing operations | $618 | $851 | | Net Income attributable to JCI | $701 | $975 | | Diluted EPS (Continuing ops) | $0.94 | $1.27 | [Condensed Consolidated Statements of Financial Position](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Financial%20Position) Total assets increased to **$43.4 billion** and liabilities to **$26.3 billion** as of June 30, 2025, with minor equity decrease Balance Sheet Summary (in millions) | Metric | June 30, 2025 (million) | September 30, 2024 (million) | | :--- | :--- | :--- | | Total Assets | $43,393 | $42,695 | | Total Liabilities | $26,348 | $25,334 | | Total Equity | $17,045 | $17,361 | [Consolidated Statements of Cash Flows](index=10&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Cash from operating activities (continuing operations) increased to **$787 million**, with **$637 million** used in financing for repurchases and dividends Q3 Cash Flow Highlights (in millions) | Metric | Three Months Ended June 30, 2025 (million) | Three Months Ended June 30, 2024 (million) | | :--- | :--- | :--- | | Cash from Operating Activities (Continuing ops) | $787 | $653 | | Cash used by Investing Activities (Continuing ops) | ($85) | ($90) | | Cash used by Financing Activities (Continuing ops) | ($637) | ($930) | [Footnotes and Non-GAAP Reconciliations](index=11&type=section&id=FOOTNOTES) Footnotes clarify financial reporting basis, discontinued operations, and provide non-GAAP reconciliations, outlining key adjustments from GAAP - The company uses non-GAAP measures like organic sales (excluding M&A and currency impacts) and adjusted free cash flow to help investors understand underlying business trends and cash generation capabilities[31](index=31&type=chunk)[32](index=32&type=chunk)[33](index=33&type=chunk) - Significant items excluded from GAAP results to arrive at adjusted figures include: - Restructuring and impairment costs - Transaction/separation costs - Transformation costs - Earn-out adjustments - Water systems AFFF settlement and insurance recoveries - Net mark-to-market adjustments[36](index=36&type=chunk)[38](index=38&type=chunk) - The sale of the Residential and Light Commercial (R&LC) HVAC business is treated as a discontinued operation, with its historical financial results removed from continuing operations and its assets/liabilities classified as held for sale[30](index=30&type=chunk)

Core Viewpoint - Johnson Controls International plc reported strong fiscal third quarter 2025 results, with a notable increase in sales and adjusted earnings per share, reflecting the company's focus on innovation and customer commitment [2][3][7]. Financial Performance - The company achieved GAAP earnings per share (EPS) of $0.94 and adjusted EPS of $1.05 for the third quarter [2]. - Total sales for the quarter reached $6.1 billion, marking a 3% increase year-over-year, with organic sales growth of 6% [2][7]. - GAAP income from continuing operations was $618 million, while adjusted income from continuing operations was $693 million [2]. Segment Results - **Americas**: Sales remained flat at $4.0 billion, with organic sales increasing by 7%. GAAP segment EBITA was $742 million, down 8% year-over-year [5][6]. - **EMEA**: Sales increased by 8% to $1.3 billion, with a 15% rise in GAAP segment EBITA [8][9]. - **APAC**: Sales grew by 7% to $737 million, with a 12% increase in GAAP segment EBITA [9][10]. Orders and Backlog - Excluding M&A and adjusted for foreign currency, orders increased by 5% year-over-year, and the backlog reached $10.3 billion, up 10% year-over-year [6][7]. Cash Flow and Shareholder Returns - Cash provided by operating activities was $787 million, with free cash flow of $693 million and adjusted free cash flow of $725 million [12][39]. - The company paid dividends totaling $243 million and repurchased 3.8 million shares for $310 million [12]. Guidance - The company raised its full-year fiscal 2025 guidance, projecting organic sales growth of mid-single digits and adjusted EPS of $3.65 to $3.68 [19][14].

In its upcoming report, Johnson Controls (JCI) is predicted by Wall Street analysts to post quarterly earnings of $1.00 per share, reflecting a decline of 12.3% compared to the same period last year. Revenues are forecasted to be $5.99 billion, representing a year-over-year decrease of 17.2%.Over the last 30 days, there has been a downward revision of 1.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their in ...

Group 1 - Johnson Controls has appointed Chris Scalia as executive vice president and chief human resources officer (CHRO) to enhance the company's growth strategy [1][2] - Scalia brings over 20 years of experience from The Hershey Company, where he held dual roles as CHRO and Chief Transformation Officer, leading significant transformations and portfolio evolution [2][4] - CEO Joakim Weidemanis emphasized Scalia's expertise in people and culture strategy, operational excellence, and team building as essential for transforming Johnson Controls into a customer-centric organization [3] Group 2 - Scalia's career includes extensive experience in labor relations and management employment law, with a strong focus on change management across various operational areas [4] - He holds an Executive Master's degree in Human Resources from Cornell University, a Juris Doctorate from Penn State, and a Bachelor of Arts from Juniata College, showcasing a solid educational background [4] - Johnson Controls aims to leverage Scalia's leadership to create a world-class employee experience and attract top talent, which is critical for the company's competitive edge [3]

Group 1 - The core viewpoint is that Johnson Controls International plc is positioned for strong revenue growth and margin expansion, supported by a record backlog of $14 billion and robust order momentum, particularly in high-growth sectors like data centers [1] - The company is experiencing strong order momentum, indicating a positive outlook for future performance [1] - The focus on faster-growing areas such as data centers suggests a strategic alignment with market trends that could enhance profitability [1] Group 2 - The company has a significant backlog, which is a positive indicator of future revenue generation [1] - The emphasis on medium-term investing strategies highlights the potential for unlocking value through catalysts in the market [1] - The analyst's experience in industrial, consumer, and technology sectors suggests a well-rounded understanding of the market dynamics affecting Johnson Controls [1]

Core Insights - Johnson Controls International plc is a global leader in smart, healthy, and sustainable buildings, focusing on transforming environments for various sectors [1][2] - The company will hold its Third Quarter Fiscal 2025 Earnings Conference Call on July 29, 2025, at 8:30 a.m. ET, which will be accessible via webcast and telephone [1][3] Company Overview - Johnson Controls has a proud history of 140 years of innovation, delivering future blueprints for industries such as healthcare, schools, data centers, airports, stadiums, and manufacturing through its OpenBlue digital offering [2] - The company offers the world's largest portfolio of building technology and software, along with service solutions from trusted industry names [2]

Core Viewpoint - Johnson Controls International plc (JCI) has announced a $9 billion share buyback program, reflecting its commitment to rewarding shareholders [1][2]. Share Buyback Program - The board of directors has authorized the repurchase of $9 billion worth of shares, which can be executed in the open market or through various methods, including Rule 10b-5-1 trading plans, with no expiration date [2][9]. - JCI currently has an existing share repurchase program from 2021, with $1.1 billion remaining as of the end of the second quarter of fiscal 2025 [3][9]. Financial Performance - In the first half of fiscal 2025, JCI repurchased 8.2 million shares for $660 million and paid out $489 million in dividends [4][9]. - The company has a market capitalization of $69 billion and holds a Zacks Rank of 3 (Hold) [5]. Market Position and Growth - JCI has experienced a 24.6% increase in share price over the past six months, significantly outperforming the industry growth of 1.5% [7]. - The Building Solutions North America segment is showing solid momentum, driven by increased demand for the HVAC platform and investments in digital offerings like the OpenBlue platform [5]. Challenges - Rising selling, general and administrative (SG&A) expenses due to higher transformation and transaction costs may impact profitability [7]. - High debt levels could increase financial obligations for the company [7].

Core Viewpoint - Johnson Controls International plc has approved a $9 billion share repurchase authorization, which adds to the existing $1.1 billion remaining from a previous authorization [1][2]. Company Overview - Johnson Controls is a global leader in smart, healthy, and sustainable buildings, focusing on transforming environments for living, working, learning, and playing [3][4]. - The company has a history of nearly 140 years of innovation and offers a comprehensive digital offering called OpenBlue, which serves various industries including healthcare, schools, data centers, and manufacturing [4]. Share Repurchase Details - The share repurchase may be executed through various methods such as open market purchases, Rule 10b5-1 plans, tender offers, or accelerated share repurchase programs [2]. - There is no obligation to repurchase a specific amount of shares within a set timeframe, and the timing and amount will depend on market conditions and share price evaluations [2]. - The share repurchase authorization does not have a set expiration date and can be amended or terminated at the company's discretion [2].