Functional Brands closes $8 million private placement and completes Nasdaq listing
NEW YORK - Johnson Controls International plc (NYSE:JCI) reported better-than-expected fourth quarter results on Wednesday, with adjusted earnings and revenue exceeding analyst estimates.
The company’s shares were up 3.57% in pre-market trading after the results.
The smart buildings technology provider posted adjusted earnings per share of $1.26 for its fiscal fourth quarter, surpassing the analyst consensus of $1.20. Revenue came in at $6.44 billion, ahead of the $6.33 billion estimate and up 3% from the same period last year. Organic sales growth was 4% YoY.
Orders increased 6% organically in the quarter, while the company’s systems and services backlog reached $14.9 billion, up 13% organically from the previous year, indicating strong future demand.
" Johnson Controls delivered a strong year, with double-digit EPS growth and a record backlog of $15 billion, up 13%, reflecting sustained demand in our core verticals," said CEO Joakim Weidemanis. "Our technology leadership in advanced data center cooling and decarbonization solutions continues to set us apart."
The company also initiated fiscal 2026 guidance that significantly exceeded Wall Street expectations, projecting full-year adjusted EPS of approximately $4.55, well above the consensus estimate of $3.71. Johnson Controls anticipates mid-single-digit organic sales growth for the year.
By segment, Americas sales increased 1% to $4.3 billion with organic growth of 3%, while EMEA (Europe, Middle East, Africa) sales jumped 13% to $1.3 billion with 9% organic growth. The APAC (Asia Pacific) segment saw a 3% sales decline to $780 million.
The company completed the sale of its Residential and Light Commercial HVAC business to Bosch Group for $8.3 billion during the quarter, with Johnson Controls’ portion of the proceeds totaling approximately $6.9 billion.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.