NEW YORK - Johnson Controls (NYSE:JCI) International plc (NYSE:JCI) reported better-than-expected fourth quarter earnings on Wednesday, though revenue fell short of analyst forecasts. The building technologies company also issued guidance for fiscal 2025 that came in below Wall Street expectations.
Johnson Controls' stock fell 1.67% in early trading following the earnings release.
Johnson Controls posted adjusted earnings per share of $1.28 for the quarter ended September 30, beating the analyst consensus of $1.24. However, revenue of $6.25 billion missed estimates of $7.32 billion.
For the first quarter of fiscal 2025, the company expects adjusted EPS of $0.57 to $0.60, compared to analyst projections of $0.56. Full-year fiscal 2025 adjusted EPS guidance of $3.40 to $3.50 came in below the $3.64 consensus estimate.
The company said organic sales grew 10% year-over-year in the fourth quarter, led by double-digit growth in its Building Solutions North America segment. Orders increased 8% organically.
"We are very pleased with our strong end to the fiscal year and our fourth quarter results, which delivered double-digit organic sales growth and robust margin expansion," said George Oliver, Chairman and CEO.
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