Corrects net income to $524 mln from $555 mln in Key Details table
Overview
Ireland-based energy solutions provider's Q1 sales rose 7% but missed analyst expectations
Adjusted EPS of $0.89 for Q1 beat analyst expectations
Company raised FY26 adjusted EPS guidance to $4.70 from $4.55
Outlook
Johnson Controls raises FY26 adjusted EPS guidance to $4.70 from $4.55
Company expects Q2 adjusted EPS of ~$1.11
Johnson Controls maintains FY26 organic sales growth forecast at mid-single digits
Result Drivers
ORDER GROWTH - Orders increased 39% organically year-over-year, reflecting strong customer demand in core markets
BACKLOG INCREASE - Backlog rose 20% organically year-over-year, driven by accelerated investments in data center projects
MARGIN EXPANSION - Margin expansion attributed to improved execution and operational efficiency across the enterprise
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Sales | Miss | $3.84 bln | $5.64 bln (16 Analysts) |
Q1 Adjusted EPS | Beat | $0.89 | $0.84 (17 Analysts) |
Q1 EPS | $0.90 | ||
Q1 Net Income | $524 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy"
Wall Street's median 12-month price target for Johnson Controls International PLC is $132.50, about 6.8% above its February 3 closing price of $124.01
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 26 three months ago
Press Release: ID:nPn9KmRkMa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)