Johnson Controls International PLC Registered Shares

JCI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$41.00	Dltsvm	Wxwgcybg

Johnson Controls Earnings: EPS Guidance Cut Due to China Slowdown; Planned Divestitures Confirmed

Brian Bernard

Jan 30, 2024

Narrow-moat-rated Johnson Controls’ shares traded lower on Jan. 30 after the firm released its fiscal first-quarter financial results and revised its 2024 outlook. Johnson Controls’ first-quarter revenue fell just shy of the FactSet consensus estimate, and management lowered its full-year midpoint adjusted EPS target by roughly 1.5%. Nevertheless, management still expects mid-single-digit percentage organic revenue growth in fiscal 2024 and now forecasts segment adjusted EBITA margin to expand 50-75 basis points (25 basis points previously).

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