Backlog GrowthBacklog increased to $14B, with significant growth in North America, EMEA/LA, and APAC regions.
Data Center Business GrowthJCI highlighted its data center business was growing in the high double digits for both revenue and orders.
New CEO AppointmentThe appointment of a new CEO, Joakim Weidemanis, is viewed positively as he has a track record of significant operating margin improvements.
Share Buybacks$5bn of proceeds from the residential and light commercial divestiture expected at year-end will be deployed into share buybacks.