CORRECTION: Johnson Controls Q4 Adj. EPS Outlook $1.23-$1.26 Vs. $1.08 Estimate
Portfolio Pulse from Benzinga Newsdesk
Johnson Controls has updated its Q4 fiscal 2024 guidance, projecting organic sales growth of approximately 7% year-over-year, an adjusted segment EBITA margin of around 19.0%, and adjusted EPS before special items in the range of $1.23 to $1.26, surpassing the previous estimate of $1.08.
July 31, 2024 | 11:22 am
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Johnson Controls has provided an optimistic Q4 fiscal 2024 guidance, with organic sales expected to rise by 7% year-over-year, an adjusted segment EBITA margin of 19%, and adjusted EPS before special items between $1.23 and $1.26, exceeding the previous estimate of $1.08.
The updated guidance from Johnson Controls indicates better-than-expected financial performance for Q4 fiscal 2024. The projected organic sales growth, improved EBITA margin, and higher adjusted EPS suggest strong operational efficiency and profitability, likely leading to a positive short-term impact on the stock price.
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