Johnson Controls (JCI) Misses Q3 EPS by 4c, Misses on Revenue; Offers FY24 Guidance

Johnson Controls (NYSE: JCI) reported Q3 EPS of $1.05, $0.04 worse than the analyst estimate of $1.09. Revenue for the quarter came in at $6.9 billion versus the consensus estimate of $7.1 billion.

The Company initiated fiscal 2024 full year EPS guidance:

• Organic revenue growth up ~MSD year-over year
• Adjusted segment EBITA margin improvement of ~25+ basis points, year-over-year
• Adjusted EPS before special items of ~$3.65 to $3.80

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

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