Key TakeawaysJohnson Controls stock moved higher in premarket trading Monday after Bloomberg reported that activist investor Elliott Investment Management has taken a stake of more than $1 billion in the company.Elliott's reported investment in the company comes at a time when the industrial conglomerate is exploring selling several non-core businesses and has seen a number of senior executive changes.A break above key chart resistance around $70 could lead to a retest of the stock’s all-time high at $81.77 ...

BRAZIL - 2022/06/07: In this photo illustration, the Johnson Controls logo is displayed on a ... [+] smartphone screen and in the background. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesJohnson Controls stock (NYSE: JCI) reported its Q2 fiscal 2024 results last week (fiscal ends in September), with revenue marginally missing and earnings exceeding the street expectations. The company reported revenue of $6.70 billion and adjusted ea ...

Data-Driven Leader with Track Record of Strong Revenue GenerationCORK, Ireland, May 7, 2024 /PRNewswire/ -- Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, today announced it has appointed Chris Bontempo as vice president and chief marketing officer, responsible for marketing strategies across the enterprise to drive demand generation and enhance brand equity, including market development, research and planning. Johnson Controls Vice President and Chief Marke ...

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]