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Johnson Controls delivered solid third-quarter performance with revenue growth, record backlog, and increased adjusted EPS, while raising its full-year guidance due to operational strength and demand momentum.
Q3 revenue reached $6.1 billion, growing 3% YoY and 6% organically.
Adjusted EPS was $1.05, above GAAP EPS of $0.94.
Backlog rose 11% organically YoY to a record $14.6 billion.
Free cash flow came in at $693 million with adjusted free cash flow of $725 million.
Johnson Controls raised its FY25 outlook, expecting EPS between $3.65 to $3.68, EBITA margin improvements, and strong cash conversion.
Visualization of income flow from segment revenue to net income