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NEW YORK - Johnson Controls International plc (NYSE:JCI) reported third-quarter adjusted earnings that narrowly beat analyst expectations on Tuesday.
The company’s shares fell 2.26% in pre-market trading following the release as investors reacted to mixed results across regional segments.
The smart buildings technology provider posted adjusted earnings per share of $1.05, slightly above the analyst consensus of $1.01. Revenue reached $6.1 billion, representing a 3% increase from the prior year on a reported basis and 6% organically, modestly exceeding the $6 billion consensus estimate.
Orders increased 2% organically YoY, while systems and services backlog grew to $14.6 billion, up 11% organically from the previous year, demonstrating continued demand for the company’s building 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."
Regional performance varied significantly. The Americas segment reported flat sales at $4.0 billion but achieved 7% organic growth, with adjusted segment EBITA margin improving slightly to 18.5%. EMEA sales increased 8% to $1.3 billion with 4% organic growth, while APAC sales rose 7% to $737 million with 6% organic growth.
Looking ahead, Johnson Controls raised its full-year fiscal 2025 adjusted EPS guidance to $3.65-$3.68, up from its previous forecast of approximately $3.60, and above the analyst consensus. The company also initiated fourth-quarter guidance, projecting adjusted EPS of $1.14-$1.17, in line with the $1.16 consensus estimate.
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