Johnson Controls reports Q3 adjusted EPS $1.05, consensus $1.01

Reports Q3 revenue $6.05B, consensus $5.99B. Q3 orders increased 2% organically year-over-year. Systems and Services backlog of $14.6 billion increased 11% organically year-over-year. “As we celebrate 140 years of innovation and customer commitment, our strong third quarter results and record backlog reflect the momentum we’ve built and the opportunities ahead,” said Joakim Weidemanis, CEO. “By prioritizing our customers, empowering our 40,000 frontline colleagues, and investing in R&D, we are strengthening our capabilities to win – both now and in the future. Looking ahead, we believe implementing the right business system will allow us to accelerate performance, drive consistency, and deliver sustained long-term value for our shareholders.”