Johnson Controls reports Q2 adjusted EPS $1.19, consensus $1.12

Reports Q2 revenue $6.14B, consensus $6.08B. Reports Q2 orders up 30% organically year-over-year. “We delivered another quarter of strong execution, converting sustained demand into consistent growth, margin expansion, and 45% adjusted EPS growth,” said Joakim Weidemanis, Chief Executive Officer of Johnson Controls (JCI). “Orders grew 30% and backlog reached a record $20billion, reflecting strength in data centers and other high-growth, technology-driven operating environments where we differentiate. While we remain early in our Business System journey, we are encouraged by the momentum we are seeing across the organization. With a strong first-half performance, we are raising our full-year guidance and remain focused on delivering long-term value for our customers and shareholders.”