Johnson Controls said it completed the divestiture of its Residential and Light Commercial HVAC business to Robert Bosch GmbH on July 31, 2025, receiving net cash proceeds of approximately $5.0 billion after tax and transaction-related expenses. The company said it plans to return a portion of the net proceeds to shareholders through an accelerated share repurchase program of $5.0 billion.

1. 01

   Johnson Controls said it completed the divestiture of its Residential and Light Commercial HVAC business to Robert Bosch GmbH on July 31, 2025, receiving net cash proceeds of approximately $5.0 billion after tax and transaction-related expenses. The company said it plans to return a portion of the net proceeds to shareholders through an accelerated share repurchase program of $5.0 billion.

2. 02

   The company said its Board of Directors approved an increase to its share repurchase authorization of $9.0 billion in June 2025. As of March 31, 2025, approximately $9.8 billion remains available under the company's share repurchase authorization, in addition to the $1.1 billion remaining as of June 30, 2025, and the authorization does not have an expiration date, the company said.

3. 03

   Johnson Controls said the increase in net sales for the 3 months ended June 30, 2025 was due to higher organic sales of $343 million and the impact of foreign currency translation of $55 million, partially offset by the net impact of acquisitions and divestitures of $244 million. Excluding the impact of foreign currency translation and business acquisitions and divestitures, net sales increased 6% over the prior year.

4. 04

   Johnson Controls said backlog totaled $16.2 billion and remaining performance obligations were $22.4 billion as of June 30, 2025. The company cited differences in the reflection period for long-term contracts, the inclusion or exclusion of cancellable contracts, and the reflection period for service contracts as reasons for the difference between the two metrics.

Key figures

Quarter ended June 30, 2025

Revenue

$6.1B

Net income

$701M

EPS

$1.07

Gross profit

$2.2B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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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