- Johnson Controls International press release ( NYSE: JCI ): Q1 Non-GAAP EPS of $0.67 in-line.
- Revenue of $6.07B (+3.6% Y/Y) misses by $180M .
- Q1 Orders +5% organically year-over year
- Record backlog of $11.3 billion, increased 11% organically year-over-year
- Q2 guidance:
- Organic revenue growth of ~10% year-over-year
- Adjusted segment EBITA margin improvement of 100 to 110 basis points year-over-year
- Adjusted EPS before special items of $0.72 to $0.74; representing 15% to 18% growth year-over-year vs consensus of $0.76.
- FY guidance:
- Organic revenue growth of high single-digits to low double-digits year-over year
- Adjusted segment EBITA margin improvement of 90 to 120 basis points, year-over-year
- Adjusted EPS before special items of $3.30 to $3.60; representing 10% to 20% growth year-over-year from prior view of of $3.20 to $3.60 vs consensus of $3.52
For further details see:
Johnson Controls International Non-GAAP EPS of $0.67 in-line, revenue of $6.07B misses by $180M, updates FY23 guidance