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Sep 30, 2024
Johnson Controls Q4 2024 Earnings Report
Reported strong Q4 2024 results with sales increase and margin expansion, and initiated FY25 guidance.
Key Takeaways
Johnson Controls reported a 7% increase in Q4 sales, reaching $7.4 billion, with organic sales growing by 10%. GAAP EPS was $0.95, while adjusted EPS was $1.28. The company's backlog reached a record level, positioning it well for continued profitable growth in fiscal 2025.
Q4 sales increased 7%, with organic sales up 10%.
GAAP EPS for Q4 was $0.95; adjusted EPS was $1.28.
Organic orders increased by 8% year-over-year in Q4.
Building Solutions backlog increased 7% organically year-over-year, reaching $13.1 billion.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company initiated fiscal 2025 first quarter and full year continuing operations guidance, excluding the R&LC Business.
Positive Outlook
- Organic sales growth of mid-single digits for Q1 2025.
- Adjusted segment EBITA margin of approximately 14.5% for Q1 2025.
- Adjusted EPS before special items of ~$0.57 to $0.60 for Q1 2025.
- Organic sales growth of mid-single digits for FY2025.
- Adjusted segment EBITA margin improvement of more than 50 basis points year-over-year for FY2025.
Challenges Ahead
- Unable to present a quantitative reconciliation of forward-looking non-GAAP financial measures to its most directly comparable forward-looking GAAP financial measures because such information is not available.
- The unavailable information could have a significant impact on the Company’s fiscal 2025 first quarter and full year GAAP financial results from continuing operations.
- Guidance is presented on a continuing operations basis excluding the R&LC Business, which was classified as discontinued operations during the fiscal fourth quarter of 2024.
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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