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Mar 31, 2024
Johnson Controls Q2 2024 Earnings Report
Johnson Controls reported flat sales but increased orders and maintained FY24 guidance.
Key Takeaways
Johnson Controls reported flat sales of $6.7 billion, but a 1% increase organically. GAAP EPS was $(0.41), while adjusted EPS was $0.78. The company's orders increased by 12% organically, and the building solutions backlog reached $12.6 billion, a 10% increase organically.
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
Revenue by Geographic Location
Forward Guidance
The Company initiated fiscal 2024 third quarter guidance and maintains full year fiscal 2024 EPS guidance.
Positive Outlook
- Organic revenue up ~MSD year-over-year
- Adjusted segment EBITA margin improvement of ~50 to 75 basis points, year-over-year
- Adjusted EPS before special items of ~$3.60 to $3.75
- Organic revenue up ~LSD year-over-year
- Adjusted EPS before special items of ~$1.05 to $1.10
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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