Loading...
•
Dec 31, 2022
Johnson Controls Q1 2023 Earnings Report
Reported strong growth and updated FY23 Guidance.
Key Takeaways
Johnson Controls reported a 4% increase in sales compared to the prior year, with organic sales up 9%. Adjusted EPS was $0.67, a 24% increase year-over-year. The company's backlog reached a record $11.3 billion, growing 11% organically.
Q1 reported sales +4% versus prior year; +9% organically
Q1 GAAP EPS of $0.17; Adjusted EPS of $0.67, up 24% versus prior year
Q1 Orders +5% organically year-over year
Record backlog of $11.3 billion, increased 11% organically year-over-year
Forward Guidance
The Company initiated fiscal 2023 second quarter guidance and updated its fiscal 2023 full year EPS guidance.
Positive Outlook
- Organic revenue growth of ~10% year-over-year
- Adjusted segment EBITA margin improvement of 100 to 110 basis points year-over-year
- Adjusted EPS before special items of $0.72 to $0.74; representing 15% to 18% growth year-over-year
- Organic revenue growth of high single-digits to low double-digits year-over year
- Adjusted segment EBITA margin improvement of 90 to 120 basis points, year-over-year
Challenges Ahead
- Adjusted EPS before special items of $3.30 to $3.60; representing 10% to 20% growth year-over-year
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...