Johnson Controls (JCI) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.40%. A quarter ago, it was expected that this diversified technology and industrial company would post earnings of $1.08 per share when it actually produced earnings of $1.14, delivering a surprise of 5.56%.Over ...

| --- | --- | |----------------------------------------------------------|-------| | | | | FISCAL Q4 2024 Earnings Conference Call November 6, 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 communication that are forward-looking and therefore are subject to risks and uncertainties. All statements in this doc ...

Sales Performance - Q4 sales increased 7% to $7.4 billion, with organic sales growth of 10%[2] - Full year sales rose 2% to $27.4 billion, with organic sales growth of 4%[2] - Net sales for the three months ended September 30, 2024, were $4,391 million, an increase of 6.4% from $4,128 million in the same period last year[25] - Net sales for 2023 totaled $26,793 million, with North America contributing $10,330 million and EMEA/LA $4,096 million, reflecting a 10% growth overall[49] - For 2024, net sales are projected to reach $27,418 million, with North America expected to grow to $11,348 million[49] - Net sales for continuing operations reached $15,967 million for the twelve months ended September 30, 2024, compared to $15,789 million for the same period in 2023, reflecting a growth of 1.13%[79] - Net sales for Fiscal 2024 reached $22,952 million, with Q4 sales at $6,248 million, representing a 2.9% increase from Q4 2023[83] Earnings and Profitability - Q4 GAAP EPS was $0.95, while adjusted EPS was $1.28; full year GAAP EPS was $2.52, and adjusted EPS was $3.71[1] - The company reported basic earnings per share from continuing operations of $0.80 for the three months ended September 30, 2024, compared to $0.71 for the same period last year, marking a 12.7% increase[25] - Net income attributable to Johnson Controls for the three months ended September 30, 2024, was $633 million, up from $549 million in the same period last year, representing a 15.3% increase[25] - Net income for the three months ended September 30, 2024, was $633 million, compared to $549 million for the same period in 2023, representing a 15.3% increase[67] - Adjusted net income for the twelve months ended September 30, 2024, was $858 million, compared to $719 million for the same period in 2023, indicating a 19.4% growth[67] - Net income attributable to JCI for Fiscal 2024 was $1,407 million, with Q4 net income at $536 million, showing a significant recovery from a loss of $321 million in Q2[83] - Diluted EPS for Fiscal 2024 was $2.08, with Q4 diluted EPS at $0.80, recovering from a loss of $0.47 in Q2[83] Segment Performance - Building Solutions backlog reached $13.1 billion, reflecting a 7% organic increase year-over-year[1] - Orders in Q4 increased 8% organically year-over-year, with a backlog of $9.1 billion, up 10% year-over-year[4][6] - Building Solutions North America segment sales increased 16% to $3.2 billion, with an EBITA margin of 15.0%[3] - Building Solutions EMEA/LA segment sales grew 7% to $1.1 billion, with an adjusted EBITA margin of 11.5%[5] - Global Products segment sales were flat at $2.4 billion, but organic sales grew 8%[10] - Adjusted segment EBITA for Global Products was $2,149 million for the twelve months ended September 30, 2024, compared to $1,975 million in 2023[64] - Adjusted segment EBITA (Non-GAAP) for Global Products was $1,429 million for Fiscal 2024, with Q4 at $459 million, showing a strong performance compared to $358 million in Q4 2023[87] Cash Flow and Financial Position - Cash provided by operating activities from continuing operations was $1,352 million for the three months ended September 30, 2023, compared to $1,068 million in the same period last year, indicating a 26.6% increase[30] - Free cash flow for the three months ended September 30, 2024, was $1,318 million, compared to $1,217 million for the same period in 2023, indicating a year-over-year increase of 8.3%[58] - The company reported a free cash flow conversion from net income of 208% for the three months ended September 30, 2024, compared to 222% for the same period in 2023[58] - Total assets as of September 30, 2024, were $42,695 million, a slight increase from $42,242 million as of September 30, 2023[27] - Cash and cash equivalents decreased to $606 million as of September 30, 2024, down from $828 million a year earlier[27] - Total debt as of September 30, 2024, was $9,493 million, a decrease from $10,388 million as of June 30, 2024[71] Strategic Initiatives - The company signed an agreement to sell its Residential and Light Commercial HVAC business for approximately $8.1 billion, expected to close in Q4 FY25[14] - The company is focused on portfolio simplification and innovation, including the development of new products and technologies to meet market demands[24] - The company signed a definitive agreement in July 2024 to sell its Residential and Light Commercial HVAC business, which will be classified as a discontinued operation[32] - Adjusted free cash flow measures have been re-baselined to exclude the impact of discontinuing accounts receivables factoring programs, enhancing comparability[36] Tax and Expenses - The effective tax rate for the three months ending September 30, 2024, was approximately 13.75%, slightly higher than 13.5% for the same period in 2023[74] - Selling, general and administrative expenses for the twelve months ended September 30, 2024, were $5,661 million, up from $5,387 million in 2023, an increase of 5.08%[79] - The company’s net financing charges for the twelve months ended September 30, 2024, were $342 million, compared to $258 million in 2023, an increase of 32.52%[79] - Restructuring and impairment costs for the twelve months ended September 30, 2024, were $510 million, down from $1,049 million in 2023, a decrease of 51.24%[79]

Core Viewpoint - Johnson Controls International plc reported strong fiscal fourth quarter 2024 results, highlighting significant sales growth and improved earnings per share, indicating a positive momentum entering fiscal 2025 [2][4]. Financial Performance - Q4 sales increased by 7% to $7.4 billion, with organic sales growth of 10% [2][4]. - Full year sales rose by 2% to $27.4 billion, with organic sales growth of 4% [2][4]. - Q4 GAAP EPS was $0.95, while adjusted EPS was $1.28 [2][4]. - Full year GAAP EPS reached $2.52, and adjusted EPS was $3.71 [2][4]. Orders and Backlog - Q4 orders increased by 8% organically year-over-year [2]. - Building Solutions backlog reached $13.1 billion, reflecting a 7% organic increase year-over-year [2][4]. Segment Results - Building Solutions North America reported Q4 sales of $3.2 billion, a 16% increase year-over-year, with organic sales also up by 16% [5]. - Building Solutions EMEA/LA saw Q4 sales of $1.1 billion, a 7% increase year-over-year, with organic sales growing by 10% [10][11]. - Building Solutions Asia Pacific experienced a 5% decline in Q4 sales to $664 million, with organic sales also down by 5% [12][13]. - Global Products segment reported Q4 sales of $2.4 billion, flat compared to the prior year, but organic sales grew by 8% [14][15]. Cash Flow and Corporate Actions - Total cash provided by operating activities was $1,526 million, with free cash flow at $1,318 million [16]. - The company repurchased 5.4 million shares for approximately $370 million and paid dividends of $247 million [16]. - Johnson Controls signed an agreement to sell its Residential and Light Commercial HVAC business for approximately $8.1 billion, expected to close in Q4 fiscal 2025 [16][32]. Guidance for Fiscal 2025 - The company anticipates mid-single digit organic sales growth for Q1 and full year 2025 [18]. - Adjusted segment EBITA margin is expected to be around 14.5% for Q1, with an improvement of more than 50 basis points year-over-year for the full year [18]. - Adjusted EPS for Q1 is projected to be between $0.57 and $0.60, and for the full year, it is expected to be between $3.40 and $3.50 [18].

Johnson Controls International plc (JCI) is scheduled to release fourth-quarter fiscal 2024 (ended September 2024) financial numbers on Nov. 6, before market open.The company’s earnings surpassed the Zacks Consensus Estimate thrice in the trailing four quarters and missed in one. The average earnings surprise was 2%. In the last reported quarter, its earnings of $1.14 per share beat the consensus estimate of $1.08 by 6%.The consensus estimate for revenues is pegged at $7.3 billion, indicating an increase of ...

In its upcoming report, Johnson Controls (JCI) is predicted by Wall Street analysts to post quarterly earnings of $1.25 per share, reflecting an increase of 19.1% compared to the same period last year. Revenues are forecasted to be $7.26 billion, representing a year-over-year increase of 5.2%.The consensus EPS estimate for the quarter has been revised 25.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimate ...

Core Insights - The global market for Residential Air Quality Control Services is projected to grow from US$4.9 Billion in 2023 to US$7.8 Billion by 2030, with a CAGR of 7.0% [2][10]. - Key drivers of market growth include increased consumer awareness of air quality's impact on health, technological advancements, and regulatory changes [5][7]. Market Trends - Consumer behavior is significantly influencing demand, with heightened awareness of air quality linked to health concerns, especially post-COVID-19 [3][4]. - There is a growing preference for eco-friendly and energy-efficient air quality control systems, driven by increased time spent at home [4]. - The adoption of smart home technologies is making air quality control systems more accessible and integrated [5]. Market Segmentation - The Apartments End-Use segment is expected to reach US$6.4 Billion by 2030, growing at a CAGR of 7.1%, while the Standalone Houses segment is projected to grow at 6.6% CAGR [8]. - The U.S. market was estimated at US$1.3 Billion in 2023, with China also forecasted to grow at 6.8% CAGR to reach US$1.3 Billion by 2030 [8]. Competitive Landscape - Major players in the market include Anacon Laboratories, BRE Group, CLEAN AIR DUCTS LLC, and Johnson Controls International PLC, among others [10]. - The report features comprehensive market data, including annual sales and forecasts from 2023 to 2030, and detailed regional analysis [9]. Technological Innovations - Innovations in HEPA and activated carbon filters are enhancing the performance of air quality control systems [11]. - The integration of IoT and AI in air quality control devices is expanding the market for smart air purifiers [11].

Wall Street expects a year-over-year increase in earnings on higher revenues when Johnson Controls (JCI) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Nove ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Johnson Controls (JCI) , which belongs to the Zacks Security and Safety Services industry, could be a great candidate to consider.This diversified technology and industrial company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 4.78%.For the l ...

CORK, Ireland, Oct. 16, 2024 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, announces the following webcast: What: Johnson Controls Fourth Quarter Fiscal 2024 Earnings Conference CallWhen: Wednesday, Nov. 6, 2024, at 8:30 a.m. ETHow: The conference call for investors can be accessed in the following ways:Live via webcast at http://investors.johnsoncontrols.com/news-and-events/events-and-presentations Note: A slide presentation ...