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:
以下是江森自控國際有限公司（JCI）2024年第二季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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.
江森自控報告稱，第二季度調整後的每股收益處於預期區間的最高水平，同比增長4％。
第二季度收入爲67億美元，有機銷售增長了1％。
待辦事項增長了10％，達到126億美元，訂單同比增長了12％，主要來自數據中心領域。
該公司持有8億美元的可用現金，淨負債爲2.4倍。
儘管2024年上半年的業務表現不錯，但在營運資本指標改善的支持下，自由現金流轉化率仍保持在85％。
該公司報告的減值費用主要與阿根廷披索有關，這影響了EMEA/LA板塊的業績。
Business Progress:
業務進展：
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.
江森自控強調爲商業建築提供定製解決方案，以提高客戶忠誠度。
該公司正在探索非核心產品線的戰略替代方案，以保持專注。
數據中心市場實現了可觀的增長，2023財年的銷售額高達20億美元，2024年上半年的訂單超過了2023財年的整個訂單。
它通過投資研發和產品創新，旨在滿足數據中心領域的未來需求。
該公司指導第三季度實現低個位數增長，全年銷售額增長中等個位數。調整後的每股收益預期在3.60美元至3.75美元之間。
網絡安全事件的恢復正在進行中，儘管遭遇了網絡安全事件，但它仍能夠保持強勁的財務業績。
預計江森自控將在今年年底之前從中國市場最近的挫折中恢復過來。
該公司預計，2024財年亞太地區收入將在十年中期出現負增長。
江森自控正在戰略性地實現其產品組合的多元化，將建築控制、消防和安全包括在內，並將繼續投資於有機增長機會。
該公司預計第四季度增長將顯著改善，併成功解決了亞太地區銷量問題導致的負面影響。
儘管時間表尚未確定，但計劃從保險中部分收回PFAS和解對現金流的影響。
江森自控看到了撤資的機會，可以最大限度地提高股東價值，並專注於對產品開發和產能擴張進行再投資，尤其是冷卻技術，以滿足不斷增長的數據中心需求。
More details: Johnson Controls IR
更多詳情： 江森自控紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。