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

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

Johnson Controls Reports Q4 and FY23 Results Highlighted by Strong Sales Growth and Margin Expansion; Initiates FY24 Guidance

December 12, 2023 6:55 AM EST

Q4 reported sales increased 3% versus prior year and up 2% organically; full year reported sales up 6% and increased 8% organicallyQ4 GAAP EPS of $0.80; Q4 Adjusted EPS of $1.05, including a $0.04 headwind from the cyber incident, up 6% versus prior year; full year GAAP EPS of $2.69; full year Adjusted EPS of $3.50, up 17% versus prior year. Results include a $0.04 headwind from the cyber incident.Q4 Orders +9% organically year-over year; full year orders +7% organically year-over-yearRecord backlog of $12.1 billion, increased 9% organically... More