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Johnson Controls Q1 results “Solid,” growth in service-based businesses

February 1, 2023Ken Showers, Managing Editor

CORK, Ireland – Johnson Controls is off to a strong start in the initial quarter of 2023 according to its first earnings call of the year on Feb. 1. The company highlighted a strong performance in its service orders, EBIT Margin Expansion, and adjusted EPS growth. At a glance the company achieved a 9 percent increase in organic sales growth, with sales in the quarter of $6.1 billion increased 4 percent over the prior year. The company showed an EBIT of $237 million with...

2023, Earnings Call, EBIT, fire and security, HVAC, Hybrid Energy, industrial heat pump, John Oliver, Johnson Controls (JCI), Olivier Leonetti, recurring revenue, service-based businesses, supply chain