Johnson Controls raises 2025 profit forecast on sustained demand

May 7 (Reuters) - Johnson Controls International (JCI.N), opens new tab 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.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Wales Online

9 hours ago

• Wales Online

ATOL protection - what to do if your travel company goes bust

ATOL protection - what to do if your travel company goes bust There are various measures in place to protect consumers Things can go wrong (Image: Liam McBurney/PA ) Berkshire-based travel company Great Little Escapes collapsed earlier this week, leaving thousands of holidaymakers in limbo. When a travel company goes bust, suddenly people who were looking forward to their escape abroad are left facing a confusing and stressful situation. When booking a holiday, the last thing on your mind is the possibility that your airline, hotel, or cruise company could collapse. Unfortunately, it happens - and when it does, the result can be both stressful and expensive. This is where end supplier failure comes into play. ‌ What happens when a travel company goes bust - end supplier failure Chris Payne, compliance expert at Total Travel Protection, explained: 'End supplier failure refers to the insolvency or financial collapse of a travel service provider - such as an airline, hotel, ferry operator, car hire company, or cruise line - that was supposed to deliver a part of your travel plans. If they cease trading, you may be left without the service you paid for." ‌ What to do if your travel firm goes bust The first thing you should do is check if you booked a package holiday - known as ATOL Protected. If you booked a package holiday through a UK travel company and received an ATOL certificate, you're in luck. The ATOL scheme, run by the Civil Aviation Authority, protects you if the travel company or one of its suppliers goes bust. Did it happen before travel? You should get a refund. Already abroad? ATOL will arrange for you to return home. ATOL only applies to air travel packages sold in the UK. Article continues below Did you pay by credit card? Under Section 75 of the Consumer Credit Act 1974, if you paid £100–£30,000 using a UK credit card, the card provider is jointly liable for the failure of the supplier - even if you booked through an intermediary. You can claim a full refund from your card issuer if the service isn't provided due to insolvency. Look for ABTA protection. If you booked land- or sea-based travel (e.g., coach tours, cruises, rail), and the company is an ABTA member, you may be entitled to refunds or alternative arrangements under their protection scheme. ABTA does not cover flight-only bookings. Contact the insolvency practitioner. In cases where ATOL, ABTA, or the Consumer Credit Act doesn't apply, you can contact the administrator or liquidator handling the collapsed supplier's insolvency. They may be organising limited refunds or arrangements. Article continues below What if you're already abroad? Chris said: 'If your end supplier fails while you're away, you should reach out to ATOL or ABTA if applicable. Contact the UK consulate or embassy if you're stranded with no support.' More help and advice can be found at:

South Wales Argus

11 hours ago

• South Wales Argus

Expanding Horizons acquires three South Wales care homes

Cwmbran-based Expanding Horizons secured the homes following its takeover of Enable Care Services (South Wales) Ltd. The acquisition was funded by a £3.25 million investment from NatWest. Ellis Jenkins, director at Expanding Horizons, said: "At Expanding Horizons, we care deeply about the quality of care our service users receive. "We seek to not only support individuals but empower them to be the best versions of themselves. "The fact that so many people in Wales are living with disabilities and severe mental illness underscores the critical need for tailored support which helps them gain or rebuild their independence. "Residents of South Wales deserve the highest quality of care, and we are thrilled to announce the acquisition of Enable Care Services as we continue to grow and expand our network. "NatWest has been exceptional throughout the process, demonstrating a deep understanding of our industry and our goals and we are incredibly grateful for their support." The deal includes two care homes in Cwmbran and one in Argoed. Expanding Horizons provides personalised support for people with learning disabilities and severe mental illnesses. The company marks its 20th anniversary this year. Part of the funding will go towards the acquisition, while the remainder will support refinancing and infrastructure improvements to ensure regulatory compliance. The expansion is aimed at meeting the rising demand for residential and supported living services across South Wales. According to Public Health Network Cymru, around 900,000 people in Wales live with a disability. This represents 27 per cent of the population, compared to the UK average of 22 per cent. Neil Williams, senior relationship manager at NatWest, said: "The work that Expanding Horizons does is absolutely invaluable to its service users and is the exact sort of community benefit that we look to support at NatWest. "We look forward to continuing our partnership and are excited to witness Expanding Horizon's continued growth and evolution." Expanding Horizons said the acquisition will improve its ability to deliver high-quality care across the region. The company currently operates a portfolio of care homes and supported living services in South Wales.

Times

15 hours ago

• Times

Leprechaun economics? Ireland's pot of gold could vanish any time

T wo headlines from recent weeks offered conflicting pointers. On June 6, David Murphy, RTE's economics and public affairs editor, posted a report headlined: 'Latest GDP figures hint at return of Leprechaun Economics'. A day later, Michael Murphy wrote a piece for The Daily Telegraph headed 'No more leprechaun economics: Ireland's tax swindle is finally ending'. You pays your money, you takes your choice. In fairness, David Murphy's piece for RTE was tentative in its conclusion and built heavily on the remarkable news from the Central Statistics Office that the Irish economy had grown by a staggering 9.7 per cent in the first three months this year. This was an example of leprechaun economics at its best: showing the vulnerability of Irish economic data to American multinational decisions that have little to do with domestic developments.