Johnson Controls International (NYSE:JCI) announced its first quarter results for the fiscal year 2024. The company reported GAAP earnings per share (EPS) from continuing operations at $0.55, with an adjusted EPS, excluding special items, at $0.51.
The company reported flat sales of $6.1 billion compared to the same quarter last year. Sales declined 1% on an organic basis.
The GAAP net income from continuing operations stood at $374 million, with an adjusted net income of $350 million from the same operations.
Johnson Controls' Chairman and CEO, George Oliver, highlighted the company’s strategic direction and resilience. "We continued to position Johnson Controls for the future, delivering solid first quarter results and appointing Marc Vandiepenbeeck as CFO," Oliver stated.
Despite encountering challenges like a temporary cyber disruption and the typical seasonality of the first quarter, Johnson Controls is entering the new calendar year with an accelerating momentum.