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Johnson Controls Q1 report reflects tough quarter

January 31, 2024Ken Showers, Managing Editor

CORK, Ireland—Johnson Controls International (JCI) cited a ransomware attack and economic slowdowns in China contributing to tough first quarter 2024 results. From released documents Johnson Controls (JCI) revealed GAAP earnings per share (“EPS”) from continuing operations of $0.55. Excluding special items, adjusted EPS from continuing operations was $0.51. Sales in the quarter of $6.1 billion were flat compared to the prior year on an as reported basis and declined...

First Quarter (Q1), George R. Oliver, Johnson Controls (JCI), Marc Vandiepenbeeck, Ransomware, Security Systems News (SSN), U.S. Securities and Exchange Commission (SEC)