FISCAL Q2 2024 Earnings Conference Call May 1, 2024 FORWARD-LOOKING AND CAUTIONARY STATEMENTS/NON-GAAP FINANCIAL INFORMATION Johnson Controls International plc cautionary statement regarding forward-looking statements Johnson Controls International plc has made statements in this communicationthatare forward-looking and therefore are subject to risks and uncertainties. All statements in this document other than statements of historical fact are, or could be,“forward-lookin ...

Johnson Controls International plc (NYSE:JCI) Q2 2024 Earnings Conference Call May 1, 2024 8:30 AM ET Company Participants Jim Lucas - VP, IR George R. Oliver - Chairman and CEO Marc Vandiepenbeeck - EVP & CFO and President, Building Solutions EMEALA Conference Call Participants Stephen Tusa - JPMorgan Nigel Coe - Wolfe Research Scott Davis - Melius Research Joseph O'Dea - Wells Fargo Julian Mitchell - Barclays Noah Kaye - Oppenheimer Andrew Kaplowitz - Citigroup Joseph Ritchie - Goldman Sachs Jeffrey Sprag ...

Johnson Controls International plc (JCI) reported second-quarter fiscal 2024 (ended Mar 31, 2024) adjusted earnings of 78 cents per share, which beat the Zacks Consensus Estimate of 75 cents. The bottom line increased 4% year over year.Total revenues of $6.70 billion missed the consensus estimate of $6.75 billion. While the top line was relatively flat year over year, organic revenues inched up 1%.Segmental ResultsBuilding Solutions North America: Revenues were $2.74 billion, up 9% year over year. Our estim ...

Core Viewpoint - Johnson Controls International (JCI) reported earnings that exceeded expectations but faced challenges in the Chinese market, leading to a decline in stock price [1][2]. Financial Performance - In the fiscal second quarter ending March 31, Johnson Controls earned $0.78 per share on revenue of $6.7 billion, surpassing Wall Street's earnings estimate by $0.03 per share, although revenue was approximately $20 million below expectations [2]. - North America showed strong performance with a 9% increase in sales and a 110 basis point improvement in profit margin year over year [2]. - Revenue from the Asia/Pacific region declined by 26% due to ongoing weakness in China, impacting the company's profit margin in that area [2]. Future Outlook - Management forecasts fiscal third-quarter earnings between $1.05 and $1.10 per share, which is below Wall Street's consensus estimate of $1.12 per share [2]. - The company maintains its full-year earnings guidance of $3.60 to $3.75 per share, suggesting potential to meet or exceed the market's average estimate of $3.60 per share [2]. Market Sentiment - Investors reacted negatively to the earnings report, with shares dropping by 7.6% in morning trading, reflecting concerns about the company's performance in the latter part of the year [1][2]. - The management's reliance on favorable conditions in the fourth quarter raises uncertainty, particularly regarding demand in North America and recovery in China [3].

For the quarter ended March 2024, Johnson Controls (JCI) reported revenue of $6.7 billion, up 0.2% over the same period last year. EPS came in at $0.78, compared to $0.75 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $6.75 billion, representing a surprise of -0.76%. The company delivered an EPS surprise of +4.00%, with the consensus EPS estimate being $0.75.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From _____ To _____ Commission File Number: 001-13836 JOHNSON CONTROLS INTERNATIONAL PLC (Exact name of registrant as specified in its charter) Ireland 98-0390500 (Jurisdicti ...

Group 1: Earnings Performance - Johnson Controls reported quarterly earnings of $0.78 per share, exceeding the Zacks Consensus Estimate of $0.75 per share, and up from $0.75 per share a year ago, representing an earnings surprise of 4% [1] - The company posted revenues of $6.7 billion for the quarter ended March 2024, which was 0.76% below the Zacks Consensus Estimate and slightly down from $6.69 billion year-over-year [1] - Over the last four quarters, Johnson Controls has surpassed consensus EPS estimates two times but has not beaten consensus revenue estimates [1] Group 2: Stock Performance and Outlook - Johnson Controls shares have increased by approximately 12.9% since the beginning of the year, outperforming the S&P 500's gain of 5.6% [2] - The company's earnings outlook is crucial for future stock movements, with a strong correlation between near-term stock movements and trends in earnings estimate revisions [3] - The current consensus EPS estimate for the upcoming quarter is $1.12 on revenues of $7.47 billion, and for the current fiscal year, it is $3.61 on revenues of $27.72 billion [4] Group 3: Industry Context - The Security and Safety Services industry, to which Johnson Controls belongs, is currently ranked in the top 17% of over 250 Zacks industries, indicating a favorable industry outlook [5] - Another company in the same industry, Axon Enterprise, is expected to report quarterly earnings of $0.97 per share, reflecting a year-over-year increase of 10.2%, with revenues anticipated to be $437.52 million, up 27.5% from the previous year [6]

Exhibit 99.1 FOR IMMEDIATE RELEASE Johnson Controls Reports Solid Q2 Results; Maintains FY24 Guidance ________________________________________________________________________________ ▪ Q2 reported sales were flat versus prior year and increased 1% organically ▪ Q2 GAAP EPS of $(0.41); Q2 Adjusted EPS of $0.78 ▪ Q2 Orders +12% organically year-over-year ▪ Building Solutions backlog of $12.6 billion increased 10% organically year-over-year ▪ Initiates fiscal Q3 and maintains full year fiscal 2024 guidance ___ ...

Core Viewpoint - Johnson Controls International plc (JCI) is expected to report its second-quarter fiscal 2024 financial results on May 01, with mixed expectations regarding earnings performance and revenue growth [1][4]. Financial Performance Expectations - The consensus estimate for JCI's second-quarter fiscal 2024 revenues is $6.8 billion, indicating a 1% increase from the previous year [1]. - The consensus estimate for adjusted earnings is 75 cents per share, consistent with the year-ago quarter [1]. Segment Performance Insights - The Building Solutions North America segment is projected to generate revenues of $2.6 billion, reflecting a 2.4% increase year-over-year [2]. - The Building Solutions Europe, the Middle East, Africa/Latin America segment is expected to achieve revenues of $1 billion, suggesting a 0.2% increase from the prior year [2]. - Investments in digital offerings, particularly the OpenBlue digital platform, are anticipated to contribute positively to revenue growth [2]. Challenges and Risks - JCI is expected to face challenges in its Global Products and Building Solutions Asia Pacific segments, with declining global residential sales impacting the Global Products segment [3]. - The Building Solutions Asia Pacific segment is likely to be affected by difficult market conditions in China [3]. - An increase in the cost of sales, projected to rise by 2.5% year-over-year, may negatively impact profit margins [3]. Earnings Prediction Insights - The current Earnings ESP for JCI is -0.74%, indicating a lower Most Accurate Estimate of 75 cents per share compared to the Zacks Consensus Estimate of 76 cents [4]. - JCI holds a Zacks Rank of 4 (Sell), suggesting a lower likelihood of an earnings beat this quarter [4].

Wall Street analysts expect Johnson Controls (JCI) to post quarterly earnings of $0.75 per share in its upcoming report, which indicates no change from the year-ago quarter. Revenues are expected to be $6.75 billion, up 1% from the year-ago quarter.The current level reflects a downward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to a c ...