Johnson Controls Increases 2025 Profit Forecast on Demand
(Reuters) -Johnson Controls International raised its 2025 profit forecast after beating second-quarter expectations on Wednesday, helped by sustained demand from data centers for its building and industrial equipment.
Data centers worldwide have enjoyed a boom in demand as businesses increasingly invest in artificial intelligence technology.
Johnson Controls - which makes liquid cooling systems used for IT equipment at data centers, as well as specialized security and fire systems - has benefited from this trend.
The Cork, Ireland-based company now expects 2025 adjusted profit per share of $3.60, the top end of its previous forecast range of $3.50 to $3.60.
Excluding items, the company reported second-quarter profit of 82 cents per share, compared with analysts' estimates of 79 cents per share, per data compiled by LSEG.
Total revenue for the quarter ended March 31 was $5.68 billion, up 1.4% from a year earlier. Analysts, on average, were expecting revenue of $5.64 billion.
(Reporting by Aishwarya Jain in Bengaluru; Editing by Devika Syamnath)
