Sector: Industrials|Industry: Building Products & Equipment|Market Cap: $52.19B|Employees: 94K
Johnson Controls International plc is a global leader in smart, healthy, and sustainable buildings. The company provides products, services, systems, and solutions that advance the safety, comfort, and intelligence of spaces. Johnson Controls serves a wide range of customers in more than 150 countries, leveraging its broad product portfolio and digital capabilities.
Net sales increased marginally to $6.094B from $6.068B year-over-year, while net income attributable to Johnson Controls decreased significantly to $374M from $118M. This indicates a challenge in converting revenue to profit.
Gross profit decreased to $1.992B from $2.091B year-over-year, with gross profit margin declining to 32.7% from 34.5%. This suggests increased cost pressures affecting profitability.
Selling, general, and administrative expenses decreased to $1.513B from $1.571B year-over-year, but restructuring and impairment costs were $39M compared to $345M in the prior year. Net financing charges increased to $99M from $67M. These mixed results indicate some cost management efforts but increased financing expenses.