Johnson Controls International plc (JCI) saw its stock price surge 6.89% during pre-market trading on Wednesday. The significant move followed the release of the company's fiscal first-quarter financial results.
The building technology leader reported quarterly adjusted earnings per share of $0.89, surpassing analyst estimates of $0.84. Quarterly sales came in at $5.797 billion, also beating expectations of $5.639 billion. Furthermore, the company announced a substantial 39% organic year-over-year increase in orders, with backlog growing 20% to reach $18.2 billion.
Bolstered by these strong results, Johnson Controls raised its full-year fiscal 2026 guidance for adjusted earnings per share to approximately $4.70, up from previous guidance of about $4.55. The positive earnings surprise, robust order growth, and upward revision to future profit expectations are the key drivers behind the stock's pre-market rally.
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