Johnson Controls (JCI) Reports In-Line Q4 EPS, offers guidance

Johnson Controls (NYSE: JCI) reported Q4 EPS of $0.51, in-line with the analyst estimate of $0.51. Revenue for the quarter came in at $6.09 billion versus the consensus estimate of $6.11 billion.

SECOND QUARTER GUIDANCE

The Company initiated fiscal 2024 second quarter guidance:

Organic revenue ~flat year-over-year
Adjusted segment EBITA margin of ~14.5%
Adjusted EPS before special items of ~$0.74 to $0.78

FULL YEAR GUIDANCE

The Company updated fiscal 2024 full year EPS guidance:

Organic revenue growth up ~MSD year-over year
Adjusted segment EBITA margin improvement of ~50 to 75 basis points, year-over-year (previously guided to ~25+ basis points improvement)
Adjusted EPS before special items of ~$3.60 to $3.75 from prior range of ~$3.65 to $3.80

For earnings history and earnings-related data on Johnson Controls (JCI) click here.

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