By Rob Curran
Johnson Controls lifted its outlook for the fiscal year after first quarter net income and revenue rose on a surge in orders for its home-temperature controls and other products.
The industrial conglomerate, which makes equipment for heating, ventilation and air conditioning among other applications, posted earnings of $524 million, or 90 cents a share, for the quarter ended in December, up from $419 million, or 55 cents a share, a year earlier.
Stripping out certain one-time items, Johnson Controls logged adjusted earnings of 89 cents a share, ahead of the mean analyst estimate of 85 cents a share, as per FactSet.
First-quarter sales rose 6.8% to $5.8 billion, topping the average analyst target of $5.64 billion, according to FactSet.
The Ireland-based manufacturer said orders rose 39% from a year earlier.
For the fiscal second quarter ending in March, Johnson Controls forecast adjusted earnings of $1.11 a share on organic sales growth of 5%.
For the full fiscal year, the manufacturer boosted its projection for adjusted earnings to $4.70 a share from a previous $4.55-a-share estimate. The company anticipates organic sales growth for the year in the mid-single percentage digits.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
February 04, 2026 07:25 ET (12:25 GMT)
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