Johnson Loses Control
The multinational industrial conglomerate Johnson Controls International was back on investors’ radars as its stock price remained out of control. 🫨
The maker of building heating systems reported a 3% YoY increase in sales to $6.9 billion. Fourth-quarter adjusted earnings per share of $1.05 was up 6% YoY. As for orders, they rose 9% YoY organically, and its record backlog of $12.1 billion was also up 9% YoY. 📊