Company anticipates organic revenue growth and increased adjusted earnings
- Johnson Controls expects higher sales and earnings in fiscal year 2024
- Organic revenue growth in mid-single-digits projected for the next 12 months
- Adjusted earnings expected to be $3.65 to $3.80 per share for fiscal year 2024
- First quarter adjusted earnings projected to be 48 cents to 50 cents per share
Johnson Controls International, a leading maker of building heating systems, has announced its guidance for fiscal year 2024. The company expects to see higher sales and earnings, with organic revenue growth projected to be in the mid-single-digits for the next 12 months. This follows a 6% increase in sales during fiscal year 2023. Adjusted earnings, which exclude one-time items, are anticipated to be between $3.65 and $3.80 per share for the new fiscal year, compared to $3.50 per share in fiscal year 2023. In the first quarter, Johnson Controls projects adjusted earnings of 48 cents to 50 cents per share, with flat organic revenue.
Public Companies: Johnson Controls International (JCI)
Private Companies:
Key People:
Factuality Level: 8
Justification: The article provides specific information about Johnson Controls International’s revenue growth and adjusted earnings guidance for fiscal years 2023 and 2024. The information is presented in a straightforward manner without any obvious bias or opinion. However, it is important to note that the article lacks additional context or analysis, which could affect the overall factuality level.
Noise Level: 8
Justification: The article provides some information about Johnson Controls International’s revenue growth and adjusted earnings projections for fiscal years 2023 and 2024. However, it lacks in-depth analysis, evidence, and actionable insights. The article stays on topic but does not provide a thoughtful analysis of long-term trends or antifragility. It also does not hold powerful people accountable or explore the consequences of decisions. Overall, the article contains mostly surface-level information without providing much value or new knowledge to the reader.
Financial Relevance: Yes
Financial Markets Impacted: Johnson Controls International
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it provides information about Johnson Controls International’s revenue growth and adjusted earnings guidance for fiscal years 2023 and 2024.
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