Shares of Johnson Controls International plc (NYSE:JCI) surged 13.87% in pre-market trading on Wednesday after the building technology company reported strong fiscal first-quarter results that topped Wall Street estimates. The company also raised its full-year earnings guidance, citing robust demand and successful execution of its strategy.

For the quarter ended December 31, 2024, Johnson Controls posted adjusted earnings per share of $0.64, surpassing the consensus estimate of $0.59. Revenue grew 4% year-over-year to $5.43 billion, exceeding analysts' expectations of $5.29 billion.

The company's Building Solutions segment, which includes heating, ventilation, and air conditioning (HVAC) systems and building automation, saw organic sales growth of 10%, driven by strong demand for energy-efficient solutions and digital services. The Global Products segment, which manufactures HVAC equipment and controls, also delivered solid organic growth of 15%.

Buoyed by the strong performance, Johnson Controls raised its fiscal 2025 adjusted EPS guidance to a range of $3.50 to $3.60, up from its previous outlook of $3.40 to $3.50. The company also expects to achieve organic sales growth in the mid-single digits and expand its adjusted segment EBITA margin by more than 80 basis points.

In a statement, Johnson Controls' Chairman and CEO George Oliver said, "I am proud of another strong quarter delivered by the Johnson Controls team, which reflects our successful strategy to simplify our portfolio and position our Company as a leading pure-play building solutions provider." He added that the company's unique value proposition and focus on lifecycle solutions are driving consistent and predictable performance.