Johnson Controls International plc (NYSE:JCI) posted adjusted earnings for its fiscal third quarter that narrowly surpassed analyst expectations, though shares slipped 2.26% in pre-market trading on Tuesday as investors weighed regional inconsistencies in performance.
The smart building technology firm reported adjusted earnings per share of $1.05, topping the consensus estimate of $1.01. Revenue came in at $6.1 billion, marking a 3% increase on a reported basis and 6% growth organically year-over-year, just above the projected $6 billion.
Organic order growth of 2% and an 11% increase in the systems and services backlog to $14.6 billion pointed to solid ongoing demand for Johnson Controls’ solutions.
“As we celebrate 140 years of innovation and customer commitment, our strong third quarter results and record backlog reflect the momentum we’ve built and the opportunities ahead,” said CEO Joakim Weidemanis. “By prioritizing our customers, empowering our 40,000 frontline colleagues, and investing in R&D, we are strengthening our capabilities to win – both now and in the future.”
The quarter revealed uneven performance across geographies. Sales in the Americas remained flat at $4.0 billion but registered 7% organic growth, with adjusted EBITA margin improving to 18.5%. In EMEA, revenue rose 8% to $1.3 billion, reflecting 4% organic growth. Asia-Pacific posted 7% higher sales at $737 million, with 6% organic expansion.
Looking ahead, the company raised its full-year fiscal 2025 earnings outlook to $3.65–$3.68 per share, improving on its prior forecast of around $3.60 and ahead of consensus estimates. For the fiscal fourth quarter, Johnson Controls guided adjusted EPS in the range of $1.14–$1.17, closely aligned with the $1.16 analyst forecast.
Johnson Controls International stock price
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