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JCI
Benzinga
9 days

Johnson Controls Q1: Earnings Beat, Raised Annual EPS Outlook, New CEO & More

1. JCI's Q1 sales grew 4% YoY to $5.43 billion, above estimates. 2. Adjusted EPS reached $0.64, surpassing consensus of $0.59. 3. Gross profit rose 8.3% to $1.92 billion, with a 35.5% gross margin. 4. CEO George Oliver will transition to Chairman in 2025. 5. FY25 adjusted EPS outlook increased to $3.50-$3.60, against consensus.

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FAQ

Why Very Bullish?

Strong quarterly results and positive outlook likely enhance investor confidence. Similar past performance improvements have driven significant stock gains.

How important is it?

Significant earnings growth and adjustments positively reflect on JCI's financial health, impacting investor perception.

Why Short Term?

Immediate trading reaction is expected based on positive earnings release. Historically, such results lead to quick price adjustments.

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