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.