Quarterly ResultMay 6, 2026, 11:58 AM
Johnson Controls Q1 Net Sales +8.2% to $6.14B; EPS $1.00
AI Summary
Johnson Controls reported strong financial results for the three months ended March 31, 2026, with net sales increasing 8.2% to $6.14 billion and diluted EPS rising 38.9% to $1.00. The company also saw a significant 60.6% increase in cash provided by operating activities from continuing operations for the six-month period, reaching $1.28 billion. Strategic divestitures, including the ADT Mexico Security business, contributed to a pre-tax gain of $70 million, and the company repaid $538 million in notes.
Key Highlights
- Net sales for the three months ended March 31, 2026, increased 8.2% to $6.14 billion.
- Diluted EPS attributable to Johnson Controls for the quarter rose 38.9% to $1.00.
- Net income attributable to Johnson Controls for the quarter grew 28.2% to $613 million.
- Cash provided by operating activities from continuing operations for six months increased 60.6% to $1.28 billion.
- Completed sale of ADT Mexico Security business for $207 million, recognizing a $70 million pre-tax gain.
- Repaid $538 million of 3.90% Notes due 2026 in February 2026.
- Cash dividends declared per ordinary share increased to $0.40 from $0.37.
- APAC segment revenue for the three months ended March 31, 2026, grew 15.8% to $739 million.