JCI

Backlog increased 43% to $23 billion in fiscal 2026. Johnson Controls set fiscal 2027 capital expenditures at $900 million.

Katie Rowen named Executive Vice President and Chief Legal Officer; Shauna Latshaw named Vice President and Chief Information Officer MILWAUKEE, Nov. 2, 2026 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI), a global leader in thermal management, mission-critical building systems, energy efficiency, and decarbonization, today announced two appointments to its executive leadership team. Katie Rowen has been named Executive Vice President and Chief Legal Officer and Shauna Latshaw has been named Vice President and Chief Information Officer, both reporting to Chief Executive Officer Joakim Weidemanis.

Johnson Controls International NYSE: JCI reported fiscal fourth-quarter results marked by double-digit organic revenue growth, expanding margins and a sharp increase in orders and backlog, as demand from data centers and other mission-critical markets continued to accelerate.

JCI's Q4 earnings beat estimates on strong HVAC demand, margin gains and record backlog, while robust orders support its upbeat fiscal 2027 outlook.

Johnson Controls International plc (JCI) Q4 2026 Earnings Call Transcript

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.

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.