Johnson Controls (NYSE: JCI) Earnings Report

Johnson Controls International PLC (NYSE: JCI) has reported quarterly earnings of $0.85 per share for the third quarter of 2018. The company’s quarterly earnings were up 1.19% from a year ago to the same quarter last year. The company’s earnings per share (EPS) are adjusted for non-recurring items, so the company’s actual earnings may vary. For the past four quarters, Johnson Controls has exceeded consensus EPS estimates three times.

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JCI’s backlog has increased steadily from 2017 to 2020. The growth was stronger in 2021 and 2022, especially in the Global Products segment, which had a 50% increase in backlog. While JCI has a niche in the industrial, commercial, and residential building market, it is not tied to any single housing market. It has developed expertise in smart homes and building controls. The company is positioned to benefit from these trends and will continue to grow.

The company has been in business for nearly a century, and has a long history of helping improve the built environment. Its segments focus on the built environment and provide solutions that improve comfort, performance, and security. The company has a broad portfolio of products, including air conditioning and heating, refrigeration, and fire detection and suppression equipment. In addition to JCI, the company has some major brands, including Coleman Heating & Air Conditioning, York International, and Daikin.