Key facts
- Johnson Controls raised its full-year profit forecast to $5.05 per share from $4.85 per share.
- The company reported adjusted profit of $1.42 per share for the quarter ended June 30.
- Total quarterly revenue increased 11.5% year-over-year to $6.61 billion.
- Demand for data center-related products and services is expected to remain strong.
Industrial supplier Johnson Controls International raised its full-year profit forecast on Wednesday, anticipating sustained demand for data center-related products and services. The company's U.S.-listed shares rose 6% in premarket trading.
Johnson Controls, which provides HVAC, fire, security, and refrigeration equipment, is positioned to benefit from long-term demand trends driven by AI data centers, electrification, and smart buildings. These trends are increasing the need for energy-efficient heating, cooling, and building management systems.
The company now expects full-year 2026 profit of $5.05 per share, an increase from its previous forecast of $4.85 per share. This outlook is supported by the manufacturing sector's continued expansion, as indicated by the June ISM manufacturing PMI of 53.3.
For the quarter ended June 30, Johnson Controls reported adjusted profit of $1.42 per share, surpassing analysts' average estimate of $1.3 per share. Total quarterly revenue grew 11.5% year-over-year to $6.61 billion, exceeding analysts' expectations of $6.47 billion. The company serves clients in industries such as aerospace manufacturing, healthcare, and commercial construction.