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 reached $7,231 million for the quarter, a 1% increase from $7,133 million in the same period last year, indicating a slight positive trend in revenue generation. This growth is primarily attributed to higher organic sales.
Gross profit margin was 34.4% for the quarter, a slight increase from 34.1% in the same period last year, demonstrating stable profitability despite cost pressures. The increase is primarily due to higher gross profit in the Systems/Install business.
Net income attributable to Johnson Controls decreased to $975 million from $1,049 million in the same period last year, indicating a decline in profitability. This is despite the increase in net sales and gross profit.