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<US> Johnson Controls International plc Ordinary Share (JCI.US) F2Q Backlog Hits Record; Raises Full-Year EPS Forecast Above Expectations
US industrial equipment supplier Johnson Controls International plc Ordinary Share (JCI.US), whose businesses cover AIDC liquid cooling and energy saving solutions, announced resul...
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<US> Johnson Controls International plc Ordinary Share (JCI.US) F2Q Backlog Hits Record; Raises Full-Year EPS Forecast Above Expectations
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US industrial equipment supplier Johnson Controls International plc Ordinary Share (JCI.US)      , whose businesses cover AIDC liquid cooling and energy saving solutions, announced results for its second fiscal quarter ended end-March. Revenue rose 8.2% YoY to USD6.142 billion. Adjusted net profit for the quarter increased 33.9% YoY to USD730 million, with adjusted EPS of USD1.19.

Chief Executive Officer Joakim Weidemanis said the group will continue to convert sustained demand into growth. Orders grew 30% in the second quarter, and backlog reached a record USD20 billion, reflecting strengths in areas such as data centers. He noted that the company is still at an early stage of its business system journey, but is encouraged by the overall momentum.

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Benefiting from strong demand for data center cooling and robust order growth, the company also raised its full-year earnings guidance. Johnson Controls International plc Ordinary Share expects adjusted EPS of about USD1.28 for the third quarter ending end-June, in line with market expectations. It lifted its full-year adjusted EPS guidance from USD4.7 to about USD4.85, above market expectations of USD4.76. (da/u)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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