NYSE$JCI
Johnson Controls Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Johnson Controls reported solid Q3 results and tightened FY24 guidance.
Johnson Controls' Q3 results exceeded expectations with robust margin expansion, strong free cash flow generation, and continued Service demand. The company increased its backlog to record levels and tightened its full year adjusted EPS guidance. Divestitures of R&LC HVAC and Air Distribution Technologies businesses marked a pivotal milestone.
- Q3 reported sales increased 1% and 3% organically.
- Q3 GAAP EPS of $1.45; Q3 Adjusted EPS of $1.14.
- Q3 Orders +5% organically year-over-year.
- Building Solutions backlog of $12.9 billion increased 10% organically year-over-year.
Headline financials
Revenue & EPS history
Johnson Controls · Revenue · Quarterly
$7.23B
Forward guidance
The Company initiated fiscal 2024 fourth quarter guidance and tightened fiscal 2024 full year EPS guidance.
Tailwinds
- Organic sales up ~7% year-over-year
- Adjusted segment EBITA margin of ~19.0%
- Adjusted EPS before special items of ~$1.23 to $1.26
- Organic sales growth up ~3% year-over-year
- Adjusted segment EBITA margin improvement of ~110 basis points, year-over-year
Headwinds
- Adjusted EPS before special items of ~$3.66 to $3.69
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 2024
+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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