Financial News: Key Takeaways from Johnson Controls (JCI) Q4 2024 Earnings
Wednesday, 6 November 2024, 15:33
Business Performance Overview
Johnson Controls International plc (NYSE: JCI) disclosed its Q4 earnings for fiscal 2024, emphasizing continuous expansion in the building solutions sector. The financial news indicates:
- Sales Growth: Fourth-quarter sales surged by 7% year-over-year to $6.25 billion, with a robust 10% organic growth.
- Profit Increase: Adjusted diluted earnings per share rose to $1.28 from $1.05 in Q4 2023.
- Net Income Rise: Net income attributable to JCI reached $633 million, compared to $549 million last year.
- Order Growth: Quarterly orders increased 8% organically year-over-year, with the building solutions backlog standing at $13.1 billion.
- Future Guidance: For fiscal Q1 2025, management anticipates mid-single digit organic sales growth, with adjusted EPS expected between $0.57 and $0.60.
Strategic Insights and Market Response
Investors and analysts continue to evaluate JCI's strategies and their effects on share performance. As the company adapts to market conditions, JCI stock remains a subject of interest in business news and financial analysis.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.