Johnson Controls International's stock surged 9.27% during intraday trading on Wednesday, marking a significant upward movement for the building technology leader.
The sharp rise follows the company's release of stronger-than-expected fiscal first-quarter results. Johnson Controls reported adjusted earnings per share of $0.89, beating analyst estimates of $0.84, while quarterly sales of $5.797 billion also topped expectations. Notably, the company announced a substantial 39% organic year-over-year increase in orders.
Driving the positive investor sentiment, Johnson Controls raised its full-year fiscal 2026 adjusted earnings per share guidance to approximately $4.70, up from previous guidance of about $4.55. The company anticipates sustained demand for its thermal management and cooling equipment, particularly from data centers expanding to support artificial intelligence computing, which is fueling growth across its portfolio.
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