0000833444-26-000083
SEC filingJCI三季度业绩强劲，上调全年指引，有机增长与订单动能持续。
| 指标 | 本期 | 去年同期 | 同比 |
|---|---|---|---|
| Revenue | $6,614M | $6,052M | +9% |
| Organic Sales Growth | +10% | — | — |
| Gross Profit | $2,474M | $2,246M | — |
| Gross Margin | 37.4% | 37.1% | — |
| Operating Income (EBIT) | $988M | $782M | — |
| EBIT Margin | 14.9% | 12.9% | — |
| Adjusted EBIT (non-GAAP) | $1,121M | $865M | — |
| Adjusted EBIT Margin (non-GAAP) | 16.9% | 14.3% | — |
| Net Income from Continuing Ops (attrib. to JCI) | $749M | $618M | — |
| Adjusted Net Income (non-GAAP) | $868M | $693M | — |
| Diluted EPS (GAAP) | $1.23 | $0.94 | — |
| Adjusted Diluted EPS (non-GAAP) | $1.42 | $1.05 | — |
| Orders Growth (Organic) | +27% | — | — |
| Backlog | $21.0B | — | +32% (organic) |
| Operating Cash Flow | $1,289M | $787M | — |
| Free Cash Flow (non-GAAP) | $1,194M | $693M | — |
| Adjusted Free Cash Flow (non-GAAP) | $1,179M | $725M | — |
| 期间 | 指标 | 指引 | 口径 |
|---|---|---|---|
| Q4 FY2026 | Organic Sales Growth | 9% - 10% | Non-GAAP |
| Q4 FY2026 | Operating Leverage | 45% - 50% | Non-GAAP |
| Q4 FY2026 | Adjusted EPS | ~$1.55 | Non-GAAP |
| FY2026 | Organic Sales Growth | Non-GAAP | |
| FY2026 | Operating Leverage | 45% - 50% (此前~50%) | Non-GAAP |
| FY2026 | Adjusted EPS | Non-GAAP | |
| FY2026 | Adjusted FCF Conversion | ~100% (不变) | Non-GAAP |
简评
Johnson Controls 三季度业绩强劲，营收同比增长 9% 至 $6.6B，有机增长达 10%，订单有机增长 27%，积压订单达 $21.0B（有机增长 32%），显示需求动能充沛。分地区看，美洲营收 +11%（有机 +11%），受数据中心等关键环境需求驱动，订单有机增长 37%；APAC 营收 +15%（有机 +15%），产品与系统业务增长 20%；EMEA 营收 -1%（有机 +1%），受中东冲突持续压制。利润率方面，调整后 EBIT 利润率 16.9%，同比提升 260bp，主要受益于营收杠杆、定价及生产力改善。
管理层上调 FY26 指引，有机销售增长由 ~6% 上调至 ~8%，Adjusted EPS 由 ~$4.85 上调至 ~$5.05，反映对下半年信心。Q4 指引有机销售增长 9%-10%，Adjusted EPS ~$1.55。现金流表现强劲，经营现金流 $1,289M，自由现金流 $1,194M，调整后自由现金流 $1,179M。资本回报方面，Q3 支付股息 $245M，回购 $635M。CEO Joakim Weidemanis 表示，业绩彰显业务系统部署潜力，对上调全年展望充满信心。