Johnson Controls International (JCI) Revenue — Quarter Ended Mar 31, 2023
Revenue increased compared to both the prior quarter and the same quarter last year. The growth was supported by higher sales in both products and systems and services.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q2
Revenue increased compared to both the prior quarter and the same quarter last year. The growth was supported by higher sales in both products and systems and services.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.7B
Revenue reported for this quarter.
Quarter-over-quarter
+10.2%
Change from the immediately preceding quarter.
Year-over-year
+9.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$21.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $6.6B | +4.3% |
| Sep 30, 2022 | $2.1B | -67.7% |
| Dec 31, 2022 | $6.1B | +3.5% |
| Mar 31, 2023 | $6.7B | +9.6% |
Revenue performance
Net sales rose sequentially and year over year, with contributions from both product and service segments.
Quarterly comparison
Compared to the immediately preceding quarter, revenue grew. Versus the same quarter one year earlier, revenue also increased.
What to watch
Monitor inventory levels and supply chain conditions, as the company noted disruptions and softer residential demand.