BUZZ-Johnson Controls raises annual profit forecast, names new CEO; shares jump

Reuters

2025/02/05

** Shares of Johnson Controls International JCI.N up 14% at $87 in early trade

** JCI names Joakim Weidemanis as chief executive officer and lifts its 2025 profit forecast on Wednesday

** Sees 2025 adj profit forecast between $3.50 and $3.60 per share vs prior forecast of $3.40 to $3.50

** Posts Q4 profit of 64 cents/shr, above analysts' estimates of 59 cents/shr, according to data compiled by LSEG

** Q4 net sales rose 4% to $5.43 bln, beating estimates of $5.29 bln

** In 2024, JCI was up 36.94%

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

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