Johnson Controls International Plc (NYSE:JCI) stock rose on Wednesday after the company delivered upbeat first-quarter results.
The company reported fourth-quarter adjusted earnings per share of 89 cents, beating the analyst consensus estimate of 84 cents.
Quarterly revenue came in at $5.797 billion, topping the Street’s $5.639 billion forecast.
The company said its record backlog of $18.2 billion increased 20% organically year over year.
Quarterly Metrics
Orders grew 39% for the quarter, excluding M&A and adjusted for foreign currency.
The quarterly sales increased 7%, with organic sales up 6%.
The gross profit in the quarter under review rose 7.7% to $2.07 billion.
The gross margin expanded to 35.8% from 35.5% in the year-ago period.
Sales Across Geographies
Americas: Quarterly sales of $3.84 billion increased 6% Y/Y. Organic sales also increased 6% led by continued strength in both Applied HVAC & Controls.
Excluding M&A and adjusted for foreign currency, orders increased 56% Y/Y, …