Movement Alert｜Johnson Controls Intraday Rise 4.05% in Regular Trading, Q4 Results Beat Expectations and Backlog Reaches $23 Billion

Market Focus10-28 00:12

On October 28, Johnson Controls saw an Intraday Rise of 4.05% in Regular Trading, trading at $153.36 per share, with turnover of $343 million.

The move followed quarterly results that topped market expectations and guidance that pointed to continued earnings visibility.

For fiscal Q4, Johnson Controls reported adjusted EPS of $1.66 versus the $1.58 consensus estimate, while revenue reached $7.11 billion, above expectations of about $7.04 billion. The company also said organic orders rose 44% year over year, lifting backlog to $23 billion, up 43% organically.

Looking ahead, Johnson Controls guided fiscal first-quarter adjusted EPS to $1.15-$1.20, above the $1.13 market estimate, and projected full-year adjusted EPS of $6.15-$6.30, around or modestly above consensus, reinforcing expectations that strong order conversion and operating leverage are continuing.

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