Johnson Controls International Reports Third Quarter Earnings Results for Fiscal Year 2023

August 23, 2023

🌥️Earnings Overview

For the fiscal year ending June 30 2023, Johnson Controls International ($NYSE:JCI) reported total revenue of USD 7133.0 million, a 7.8% increase from the previous year. Their net income was USD 1049.0 million, a dramatic 176.8% increase from the same period in 2022.

Market Price

On Wednesday, Johnson Controls International (JCI) reported its third quarter earnings results for fiscal year 2023. At the opening of the market, the company’s stock opened at $69.0 and closed at $63.6, representing a 9.3% drop from the previous closing price of $70.0. As one of the world’s leading building products and tech companies, Johnson Controls is renowned for its diversified portfolio of products and services that enhance the comfort, safety, energy efficiency, convenience, and security of residential and commercial customers. In addition to the financial performance, Johnson Controls also reported progress on the strategic initiatives that it has been implementing as part of its transformation into an integrated buildings and energy solutions provider. This includes the integration of the Tridium business, which provides software solutions for buildings and energy projects, as well as further expansion in India, China, and Mexico.

All these measures are expected to contribute to the company’s long-term growth. Johnson Controls’ third quarter earnings results show a strong performance from the company as it continues to focus on its strategic initiatives and transform into a global leader in buildings and energy solutions. With its diversified portfolio of products and services, Johnson Controls looks well-positioned to capitalize on future growth opportunities in both domestic and international markets. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for JCI. More…

    Total Revenues Net Income Net Margin
    26.61k 2.06k 10.0%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for JCI. More…

    Operations Investing Financing
    2.01k -681 -1.66k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for JCI. More…

    Total Assets Total Liabilities Book Value Per Share
    42.78k 25.32k 23.99
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for JCI are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    5.5% 31.4% 7.8%
    FCF Margin ROE ROA
    5.6% 8.0% 3.0%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    We recently conducted an analysis of JOHNSON CONTROLS INTERNATIONAL’s wellbeing. Our Risk Rating indicated that JOHNSON CONTROLS INTERNATIONAL is a high risk investment in terms of financial and business aspects. In order to get the full picture, we examined the income and balance sheets of JOHNSON CONTROLS INTERNATIONAL. After our analysis, we detected two risk warnings. In order to access this information, you must become a registered GoodWhale user. We believe that having the full picture of the wellbeing of JOHNSON CONTROLS INTERNATIONAL is vital for making an informed decision about investing in the company. That is why we make sure that our analysis is as thorough as possible. Therefore, we encourage our users to register and take advantage of our in-depth analysis. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    Johnson Controls International PLC is a leading provider of controls and technology solutions for a variety of industries. The company’s products and services are used in a wide range of applications, including HVAC, security, fire, and energy management. Johnson Controls International PLC has a strong competitive position in the market and is well-positioned to continue its growth. The company’s competitors include Hochiki Corp, Geberit AG, and Rockwool AS.

    – Hochiki Corp ($TSE:6745)

    Hochiki Corp is a Japanese company that manufactures and sells fire protection equipment. The company has a market cap of 36.64 billion as of 2022 and a return on equity of 9.08%. Hochiki was founded in 1918 and is headquartered in Tokyo, Japan. The company’s products include fire alarm systems, fire extinguishers, and fire sprinklers. Hochiki also provides services such as fire safety consulting and training.

    – Geberit AG ($OTCPK:GBERY)

    Geberit AG is a Swiss company that manufactures and sells sanitary products. The company has a market cap of 15.16B as of 2022 and a Return on Equity of 29.76%. Geberit’s products include toilets, sinks, showers, and other plumbing products. The company has a strong presence in Europe and Asia.

    – Rockwool AS ($LTS:0M09)

    Rockwool International A/S is a Denmark-based company engaged in the manufacture of stone wool. The Company’s products are used for thermal and acoustic insulation, as well as for fire protection and horticultural substrates. It operates through two segments: Insulation and horticulture. The Insulation segment focuses on the manufacture of products for thermal and acoustic insulation in buildings, ships, cars and industrial applications. The Horticulture segment offers substrates for professional horticulture, including growers of fruit, vegetables and flowers. Rockwool International A/S has a market cap of 29.48B as of 2022, a Return on Equity of 10.81%.


    Johnson Controls International reported strong earnings results for the third quarter of their fiscal year 2023, with total revenue increasing by 7.8% compared to last year and net income growing by 176.8%. Despite this, the company’s stock price moved down on the same day. Investors should pay close attention to this development and further analyze the company financials to better understand what is driving the stock price movement. In addition, investors should consider factors such as the competitive landscape, recent news releases, and future performance expectations when making an assessment of Johnson Controls International as a potential investment opportunity.

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