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Johnson Controls' strong Q2 performance punctuated with a dedication to sustainability

May 8, 2023Ken Showers, Managing Editor

CORK, Ireland – Johnson Controls builds on its solid Q1 performance and finishes the second fiscal quarter 2023 with numbers exceeding guidance. At a glance the highlights show Johnson Controls with Q2 reported sales of +10% versus the prior year; +13% organically. A Q2 GAAP EPS of $0.19; Adjusted EPS of $0.75, up 19% versus prior year. Their Q2 orders are +8% organically year-over-year, and a record backlog of $11.7 billion, increased 9% organically year-over-year. CEO George...

2023, Artificial Intelligence (AI), backlog, decarbonization, George Oliver, infrastructure, Johnson Controls (JCI), margin expansion, Olivier Leonetti, OpenBlue, Second Quarter (Q2), smart buildings, Sustainability