NYSE$JCI
Johnson Controls Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Johnson Controls delivered strong third quarter results with revenue and EPS growth, and updated FY23 guidance.
Johnson Controls reported a strong third quarter with an 8% increase in sales to $7.1 billion and a 21% increase in adjusted EPS to $1.03. The company also updated its full year guidance.
- Q3 reported sales increased by 8% versus the prior year, with a 9% organic growth.
- GAAP EPS for Q3 was $1.53, while adjusted EPS reached $1.03, a 21% increase compared to the prior year.
- Organic orders grew by 8% year-over-year in Q3.
- The company's backlog reached a record $12.0 billion, reflecting an 8% organic increase year-over-year.
Headline financials
Revenue & EPS history
Johnson Controls · Revenue · Quarterly
$7.13B
Forward guidance
The Company initiated fiscal 2023 fourth quarter guidance and updated its fiscal 2023 full year EPS guidance.
Tailwinds
- Organic revenue growth of ~+4% year-over-year
- Adjusted segment EBITA margin improvement of ~+60 basis points year-over-year
- Adjusted EPS before special items of ~$1.10; representing ~11% growth year-over-year
- Organic revenue growth ~+HSD year-over year
- Adjusted segment EBITA margin improvement of ~+110 basis points, year-over-year
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
+0.2%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+1.7%
Avg return
30 days after
54%
40 / 74 earnings
Positive
+11.7%
Q4 2022
Best reaction
-12.5%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -1.7% | -4.0% | -0.8% | |
| Q1 2026 | +7.5% | +12.1% | +6.8% | |
| Q4 2025 | +8.9% | +10.4% | +2.9% | |
| Q3 2025 | -0.2% | +0.8% | +1.3% | |
| Q2 2025 | +1.3% | +7.3% | +16.9% | |
| Q1 2025 | +11.3% | +15.8% | +3.6% | |
| Q4 2024 | +9.4% | +15.7% | +12.7% | |
| Q3 2024 | +1.9% | -4.8% | +5.5% | |
| Q2 2024 | -6.6% | -2.6% | +10.5% | |
| Q1 2024 | -7.0% | -3.9% | +4.6% | |
| Q4 2023 | -5.8% | -7.3% | +2.2% | |
| Q3 2023 | -11.4% | -10.7% | -14.6% | |
| Q2 2023 | +7.8% | +6.5% | +6.6% | |
| Q1 2023 | -7.2% | -5.4% | -6.3% | |
| Q4 2022 | +11.7% | +13.6% | +19.3% | |
| Q3 2022 | +1.5% | -0.3% | +1.1% | |
| Q2 2022 | -12.5% | -16.4% | -12.1% | |
| Q1 2022 | -4.7% | -7.8% | -13.0% | |
| Q4 2021 | +0.9% | +3.2% | +5.6% | |
| Q3 2021 | -1.3% | -0.3% | +4.4% | |
| Q2 2021 | +1.0% | +1.9% | +5.2% | |
| Q1 2021 | +3.2% | +2.6% | +13.1% | |
| Q4 2020 | -4.9% | -0.5% | +4.1% | |
| Q3 2020 | +4.5% | +3.0% | +10.9% | |
| Q2 2020 | -2.0% | -2.7% | +7.9% | |
| Q1 2020 | -3.0% | -1.7% | -9.7% | |
| Q4 2019 | -3.9% | -3.8% | -4.8% | |
| Q3 2019 | +1.8% | +0.3% | +3.4% | |
| Q2 2019 | +3.9% | +5.6% | +2.7% | |
| Q1 2019 | +0.1% | +1.0% | +4.5% | |
| Q4 2018 | +2.8% | +4.1% | -2.2% | |
| Q3 2018 | +3.3% | +4.1% | +3.3% | |
| Q2 2018 | +4.3% | +7.0% | -0.9% | |
| Q1 2018 | -0.1% | -5.8% | -9.0% | |
| Q4 2017 | -9.9% | -12.5% | -8.8% | |
| Q3 2017 | -8.5% | -10.5% | -10.4% | |
| Q2 2017 | -3.4% | -3.7% | -2.4% | |
| Q1 2017 | -3.8% | -3.8% | -4.4% | |
| Q4 2016 | +5.5% | +6.2% | +5.0% | |
| Q3 2016 | +5.9% | +5.4% | +4.0% | |
| Q2 2016 | +6.9% | — | — | |
| Q1 2016 | +2.3% | — | — | |
| Q4 2015 | +0.6% | — | — | |
| Q3 2015 | -2.1% | — | — | |
| Q2 2015 | -6.0% | — | — | |
| Q1 2015 | +0.6% | — | — | |
| Q4 2014 | +1.7% | — | — | |
| Q3 2014 | +1.6% | — | — | |
| Q2 2014 | -0.9% | — | — | |
| Q1 2014 | -4.7% | — | — | |
| Q4 2013 | +0.9% | — | — | |
| Q3 2013 | +1.0% | — | — | |
| Q2 2013 | -0.3% | — | — | |
| Q1 2013 | -0.3% | — | — | |
| Q4 2012 | +0.0% | — | — | |
| Q3 2012 | -0.9% | — | — | |
| Q2 2012 | -0.6% | — | — | |
| Q1 2012 | +1.8% | — | — | |
| Q4 2011 | +1.0% | — | — | |
| Q3 2011 | -1.0% | — | — | |
| Q2 2011 | -0.3% | — | — | |
| Q1 2011 | +0.6% | — | — | |
| Q1 2008 | -1.9% | — | — | |
| Q4 2010 | -1.9% | — | — | |
| Q3 2010 | +4.6% | — | — | |
| Q2 2010 | -2.1% | — | — | |
| Q1 2009 | -2.9% | — | — | |
| Q1 2010 | +0.2% | — | — | |
| Q2 2009 | +0.2% | — | — | |
| Q4 2007 | +0.2% | — | — | |
| Q4 2009 | +0.2% | — | — | |
| Q4 2008 | +4.9% | — | — | |
| Q3 2008 | +4.9% | — | — | |
| Q3 2009 | +4.9% | — | — |
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