Q1 reported sales were flat versus prior year and declined 1% organicallyQ1 GAAP EPS of $0.55; Q1 Adjusted EPS of $0.51Q1 Orders +1% organically year-over-yearBuilding Solutions backlog of $12.1.
Johnson Controls experiences a stock decline as it misses Q1 revenue estimates, plans strategic alternatives for non-commercial businesses, and lowers FY24 adjusted EPS outlook.