Summary
Johnson Controls International plc (JCI) reported strong financial performance for the quarter and six months ended March 31, 2026. Net sales saw a significant increase of 8% year-over-year for both periods, driven by robust organic growth across all segments, particularly in the Americas and APAC regions. This growth was fueled by increased demand for smart, efficient, and sustainable building solutions, especially in data centers. The company also demonstrated improved profitability, with gross profit increasing by 9% and significant year-over-year growth in Segment EBIT and Segment EBITA across all segments, reflecting effective pricing, productivity improvements, and higher volumes. The company's financial position remains solid, with total assets increasing and a reduction in net debt. JCI's liquidity is adequate, supported by a strong cash flow from operations. Shareholder returns were also a focus, with substantial share repurchases completed and dividends continuing to be paid. Despite a complex macroeconomic and geopolitical environment, JCI is navigating these challenges effectively through strategic sourcing and operational efficiencies.
Financial Highlights
51 data points| Revenue | $6.14B |
| Cost of Revenue | $3.88B |
| Gross Profit | $2.26B |
| SG&A Expenses | $1.40B |
| Operating Income | $1.16B |
| Interest Expense | $60.00M |
| Net Income | $613.00M |
| EPS (Basic) | $1.01 |
| EPS (Diluted) | $1.00 |
| Shares Outstanding (Basic) | 612.00M |
| Shares Outstanding (Diluted) | 614.00M |
Key Highlights
- 1Net sales increased by 8% year-over-year for both the three and six months ended March 31, 2026, reaching $6.14 billion and $11.94 billion, respectively.
- 2Gross profit grew by 9% for both periods, indicating improved profitability driven by organic sales growth, productivity, and operating leverage.
- 3Segment EBITA (non-GAAP) showed substantial growth, up 18% for the quarter ($1.11 billion) and 14% year-to-date ($2.01 billion), highlighting strong operational performance across segments.
- 4Backlog and orders saw significant increases of 26% and 30% respectively, signaling robust future demand, particularly driven by large projects and data center solutions.
- 5Net debt decreased by $676 million to $8.83 billion as of March 31, 2026, from $9.50 billion as of September 30, 2025, demonstrating effective debt management.
- 6The company repurchased approximately $5.0 billion of shares through accelerated share repurchase transactions and open market repurchases, underscoring a commitment to returning capital to shareholders.
- 7Significant progress was made in addressing environmental liabilities, notably the $750 million AFFF settlement with public water systems, with the final payment made in December 2024.