Earnings Call Summary | Johnson Controls(JCI.US) Q2 2024 Earnings Conference
Earnings Call Summary | Johnson Controls(JCI.US) Q2 2024 Earnings Conference
The following is a summary of the Johnson Controls International Plc (JCI) Q2 2024 Earnings Call Transcript:
以下是江森自控国际有限公司（JCI）2024年第二季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Johnson Controls reported Q2 adjusted EPS at the high end of their guidance range with an increase of 4% YoY.
Q2 revenue stood at $6.7 billion with 1% organic sales growth.
Backlog grew by 10% to $12.6 billion, with orders increasing by 12% YoY, primarily from the data center segment.
The company held $800 million of available cash and the net debt was at 2.4 times.
Despite considerable business performance in 1H 2024, free cash flow conversion was held at 85% backed by improvements in working capital metrics.
The company reported an impairment charge mostly associated with the Argentinian Peso that affected EMEA/LA segment results.
江森自控报告称，第二季度调整后的每股收益处于预期区间的最高水平，同比增长4％。
第二季度收入为67亿美元，有机销售增长了1％。
待办事项增长了10％，达到126亿美元，订单同比增长了12％，主要来自数据中心领域。
该公司持有8亿美元的可用现金，净负债为2.4倍。
尽管2024年上半年的业务表现不错，但在营运资本指标改善的支持下，自由现金流转化率仍保持在85％。
该公司报告的减值费用主要与阿根廷比索有关，这影响了EMEA/LA板块的业绩。
Business Progress:
业务进展：
Johnson Controls is emphasizing on customized solutions for commercial buildings, fostering stronger customer loyalty.
The company is exploring strategic alternatives for non-core product lines to maintain focus.
Considerable growth in the data center market with sales up to $2 billion in FY 2023 and first half orders of 2024 surpassing the entire FY 2023 orders.
It through investing in R&D and product innovation, aims to meet future demands in the data center sector.
The company guides for low single-digit growth for Q3 and mid-single digit sales growth for the full year. Adjusted EPS guidance is between $3.60 to $3.75.
Recovery from a cybersecurity incident is ongoing and despite the encounter, it was able to maintain a robust financial performance.
Johnson Controls is expected to recover from the recent setback in the Chinese market by the end of the year.
The company anticipates mid-teen negative growth for Asia Pac revenue for FY 2024.
Johnson Controls is strategically diversifying its product portfolio to include building controls, fire, and security and continues to invest in organic growth opportunities.
It expects a significant improvement in Q4 growth and successfully tackled a negative mix due to volume issues in APAC.
The cash flow impact from the PFAS settlement is planned to be partly recovered from insurance, even though the timeline is yet to be set.
Johnson Control sees opportunities in divestments to maximize shareholder value and is focused on reinvesting in product development and capacity expansion, particularly in cooling technology to meet increased data center demands.
江森自控强调为商业建筑提供定制解决方案，以提高客户忠诚度。
该公司正在探索非核心产品线的战略替代方案，以保持专注。
数据中心市场实现了可观的增长，2023财年的销售额高达20亿美元，2024年上半年的订单超过了2023财年的整个订单。
它通过投资研发和产品创新，旨在满足数据中心领域的未来需求。
该公司指导第三季度实现低个位数增长，全年销售额增长中等个位数。调整后的每股收益预期在3.60美元至3.75美元之间。
网络安全事件的恢复正在进行中，尽管遭遇了网络安全事件，但它仍能够保持强劲的财务业绩。
预计江森自控将在今年年底之前从中国市场最近的挫折中恢复过来。
该公司预计，2024财年亚太地区收入将在十年中期出现负增长。
江森自控正在战略性地实现其产品组合的多元化，将建筑控制、消防和安全包括在内，并将继续投资于有机增长机会。
该公司预计第四季度增长将显著改善，并成功解决了亚太地区销量问题导致的负面影响。
尽管时间表尚未确定，但计划从保险中部分收回PFAS和解对现金流的影响。
江森自控看到了撤资的机会，可以最大限度地提高股东价值，并专注于对产品开发和产能扩张进行再投资，尤其是冷却技术，以满足不断增长的数据中心需求。
More details: Johnson Controls IR
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译文内容由第三方软件翻译。