Johnson Controls Intl Tightens FY24 Adj EPS Guidance From $3.60-$3.75 To $3.66-$3.69 vs $3.58 Estimate
Portfolio Pulse from Benzinga Newsdesk
Johnson Controls International (JCI) has tightened its fiscal year 2024 adjusted EPS guidance from $3.60-$3.75 to $3.66-$3.69, surpassing the $3.58 estimate. The company also provided Q4 guidance with organic sales up ~7% YoY, an adjusted segment EBITA margin of ~19.0%, and adjusted EPS before special items of $1.23 to $1.26.
July 31, 2024 | 10:59 am
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Johnson Controls International (JCI) has tightened its fiscal year 2024 adjusted EPS guidance to $3.66-$3.69, surpassing the $3.58 estimate. The company also provided strong Q4 guidance with organic sales up ~7% YoY and an adjusted segment EBITA margin of ~19.0%.
The tightening of the EPS guidance to a range that surpasses estimates is a positive indicator for investors. Additionally, the strong Q4 guidance with significant organic sales growth and improved EBITA margin further supports a positive short-term impact on JCI's stock price.
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