International. Johnson Controls International has just reported that its earnings per share (EPS) for the fourth quarter of 2023 were US $0.80.
The technology manufacturer also announced that, excluding special items, earnings per share from its continuing operations were US $1.05, representing an increase of 6% compared to the prior year.
During the last quarter of 2023, Johnson Controls' sales totaled US $6.9 billion, up 3% compared to 2022. Meanwhile, GAAP net income from continuing operations was US $549 million and adjusted net income was US $719 million, up 5% year-over-year.
Earnings before interest and taxes were US $587 million and the EBIT margin was 8.5%. Adjusted EBIT was US $936 million and adjusted EBIT margin was 13.6%, unchanged from the prior year.
"Our fiscal 2023 results were characterized by strong sales growth", said the company's President and Chief Executive Officer, George Oliver. "We have made significant progress during the year advancing our service strategy and continue to see a record order backlog as we enter the new fiscal year 2024", he added.
Olivier Leonetti, Chief Financial Officer of Johnson Controls International, said: "Our value proposition continues to resonate with our customers globally and we have a long way to go for continued revenue growth, margin expansion and cash flow improvement going forward".
The full report is available online.
