Strong Organic Sales Growth
Johnson Controls reported a 7% organic sales growth in the second quarter, driven by continued strength in applied and resilient service businesses.
Significant Margin Expansion
Segment margins expanded by 180 basis points to 16.7%, with adjusted EPS increasing by 19%.
Record Backlog
The company grew its backlog by 12% to $14 billion, highlighting sustained demand for its solutions.
Improved Financial Management
Net debt decreased to 2.4 times, and adjusted free cash flow increased by $1.1 billion year-to-date, showcasing effective financial management.
Raised Full-Year Guidance
Johnson Controls raised its full-year guidance for margins, adjusted EPS, and free cash flow conversion due to strong first-half performance.
Data Center Market Strength
The data center segment continues to show strong growth potential, supported by Johnson Controls' differentiated high-performance YORK Chiller platform.