Johnson Controls International plc
Johnson Controls Reports Strong Q4 and FY24 Results, Initiates FY25 Guidance
Summary
Johnson Controls International plc reported Q4 and FY24 financial results on November 6, 2024. The company saw Q4 sales increase by 7% and organic sales by 10%, with full-year sales up 2% and organic sales by 4%. Q4 GAAP EPS was $0.95, while adjusted EPS was $1.28. For the full year, GAAP EPS was $2.52 and adjusted EPS was $3.71. The company also repurchased shares and announced a multi-year restructuring plan. Additionally, it disclosed plans to sell its Residential and Light Commercial HVAC business. Johnson Controls provided guidance for FY25, expecting mid-single-digit organic sales growth, adjusted segment EBITA margin improvement, and adjusted EPS of $3.40 to $3.50.
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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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