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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
Johnson Controls
Johnson Controls
Johnson Controls Revenue by Geographic Location
Revenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPAC Revenue
CapyFin.com 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