Johnson Controls International plc
Johnson Controls Reports Solid Q2 Results Despite Organic Sales Decline in Asia Pacific
Summary
Johnson Controls International plc reported fiscal second quarter 2024 results, with GAAP EPS of $(0.41) and adjusted EPS of $0.78. Sales were flat at $6.699 billion year-over-year, with organic sales growth of 1%. The company saw organic sales increases in North America and EMEA/LA regions but a 26% decline in Asia Pacific. Johnson Controls also initiated fiscal Q3 and maintained full-year fiscal 2024 guidance. A detailed press release is furnished as Exhibit 99.1.
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About Johnson Controls International plc
Johnson Controls International plc is a leading diversified technology and multi-industrial company that provides a wide range of products and services across various industries. Its primary function is to optimize building efficiencies, enhance comfort, and ensure safety. The company is widely recognized for its Building Technologies and Solutions division, which offers integrated platforms for HVAC (heating, ventilation, air conditioning), building automation, and security systems. Additionally, Johnson Controls plays a pivotal role in the energy sector through its power solutions, particularly with a focus on developing state-of-the-art battery technologies for automotive and renewable energy applications. As a global leader headquartered in Cork, Ireland, Johnson Controls serves various sectors including residential, commercial, and industrial markets. Its commitment to sustainability and innovation positions it as a significant player in advancing smart building and energy solutions on a global scale.
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