Johnson Controls International (JCI) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter increased compared to the immediately preceding quarter. However, revenue declined compared to the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q3
Revenue for the quarter increased compared to the immediately preceding quarter. However, revenue declined compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.9B
Revenue reported for this quarter.
Quarter-over-quarter
+5.4%
Change from the immediately preceding quarter.
Year-over-year
-17.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$19.1B
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 |
|---|---|---|
| Sep 30, 2023 | $2.4B | +18.5% |
| Dec 31, 2023 | $5.2B | -14.2% |
| Mar 31, 2024 | $5.6B | -16.3% |
| Jun 30, 2024 | $5.9B | -17.3% |
Revenue performance
The reported revenue direction for the quarter was upward relative to the prior quarter. The sequential improvement reflects a reversal of the declining trend seen in the two preceding quarters.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose. Compared with the same quarter one year earlier, revenue was lower, continuing the year-over-year declines observed in each of the prior three quarters.
What to watch
The company discontinued its receivables factoring program in March 2024, which is expected to have an unfavorable impact on operating cash flows for the fiscal year.