Johnson Controls said sales for the 3 months ended December 31, 2024 were $5.4 billion, up 4% on an as reported basis and 10% organically. GAAP EPS was $0.55 and adjusted EPS was $0.64.

1. 01

   Johnson Controls said sales for the 3 months ended December 31, 2024 were $5.4 billion, up 4% on an as reported basis and 10% organically. GAAP EPS was $0.55 and adjusted EPS was $0.64.

2. 02

   The company said Global Products segment EBITA margin was 30.1%, expanding 740 basis points from 22.7% in the prior year period, and Building Solutions North America margin was 12.1%, expanding 60 basis points. Johnson Controls cited increased volumes and enhanced operational efficiencies as factors in the Global Products margin expansion.

3. 03

   Johnson Controls said cash provided by operating activities for Q1 was $249 million, free cash flow was $133 million and adjusted free cash flow was $603 million. In the same quarter, the company paid dividends of $245 million and repurchased 4.1 million shares of common stock for $330 million.

4. 04

   Johnson Controls raised its full-year adjusted EPS before special items guidance to ~$3.50 to $3.60 from ~$3.40 to $3.50. The company also announced that Joakim Weidemanis will serve as Chief Executive Officer effective March 12, 2025.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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