Johnson Controls Q3 Earnings: North America Leads Growth, CEO Highlights Record Backlog For 2025

Johnson Controls International JCI announced third-quarter results Wednesday.

The company reported adjusted earnings per share of $1.28, beating the street view of $1.20. Quarterly sales of $7.39 billion beat the analyst consensus of $7.17 billion.

• Sales increased 7% over the prior year on an as-reported basis and 10% organically.
• Building Solutions North America sales in the quarter were $3.22 billion, an increase of 16% over the prior year. 
• Building Solutions Europe, Middle East, Africa/Latin America sales in the quarter were $1.11 billion, up 7% year over year.
• Building Solutions Asia Pacific sales in the quarter of $664 million declined 5% versus the prior year.
• Global Products sales in the quarter of $2.39 billion were flat versus the prior year.
• Cash provided by operating activities was $1.53 billion. Free cash flow was $1.32 billion, and adjusted free cash flow was $1.09 billion.

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George Oliver, chairman and CEO, noted that the company is entering fiscal 2025 with solid momentum, supported by record backlog levels and a clear path to sustained, profitable growth.

Oliver emphasized that recent portfolio simplifications allow Johnson Controls to concentrate resources on expanding as a premier building solutions provider, driving superior customer outcomes and creating shareholder value globally across the building lifecycle.

Outlook: Johnson Controls initiated the first quarter of fiscal 2025 and fiscal 2025 guidance.

The company expects first-quarter organic sales growth of mid-single digits and adjusted EPS of 57 cents to 60 cents (estimate: $1.20).

Johnson Controls expects fiscal 2025 organic sales growth of mid-single digits and adjusted EPS of $3.40-$3.50 (estimate: $3.67).

Johnson Controls International stock gained over 31% year-to-date.

Price Action: JCI stock is up 0.92% to $75.55 premarket at last check Wednesday.

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