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Q4 sales increased 10% and organic sales increased 12%* Q4 GAAP EPS of $1.60; Q4 Adjusted EPS* of $1.66* Q4 orders +44% organically year-over-year Backlog of $23.0 billion increased 43% organically year-over-year * This earnings release contains non-GAAP financial measures. Definitions and reconciliations of the non-GAAP financial measures can be found in the attached footnotes.
Citizens Financial Group Inc. RI lifted its position in Johnson Controls International plc (NYSE: JCI) by 25.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,940 shares of the company's stock after buying an additional 3,392 shares during the
LOS ANGELES, Oct. 26, 2026 /PRNewswire/ -- Truelink Capital ("Truelink"), a Los Angeles-based private equity firm focused on growth and long-term value creation, announced today that it has entered into a definitive agreement to acquire the global intrusion products business of Johnson Controls (NYSE: JCI) ("Global Intrusion Products Business" or the "Business"). Following the close of the transaction, the Business will operate as an independent, standalone company, backed from day one by Truelink's commitment to invest behind its products, its brands, its people, and its existing and new markets.
JCI gears up for Q4 earnings, with strong HVAC demand, data center growth and digital investments likely to aid results despite rising costs.
Johnson Controls is rated Buy with a raised target price of $168, reflecting a 12.2% upside driven by robust backlog and production gains. JCI's $21 billion backlog and strong data center demand underpin expectations for above-market revenue and operating profit growth over the next two years. Management's operational improvements and disciplined cost control are driving operating profit faster than revenue, supporting margin expansion through FY2030.
Johnson Controls is rated Buy, driven by robust demand, strong order growth, and expanding backlog, especially from data centers. JCI's margin outlook is attractive, supported by productivity gains, operating leverage, and a $500M annual cost reduction initiative targeting full implementation by FY27. Consensus expects double-digit EPS growth, with potential for upward estimate revisions as backlog conversion accelerates and capacity investments scale.
Microsoft, a holding in several ClearBridge portfolios, offers a good example of how hyperscalers are responding. A recent engagement with Equinix, another ClearBridge portfolio holding, provides the perspective of a data-center owner and operator. ClearBridge's recent engagement with Johnson Controls highlighted how equipment suppliers can help address the physical constraints on data centers.
