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Johnson Controls has appointed Chris Bontempo as the Vice President and Chief Marketing Officer, bringing his extensive experience from IBM to lead marketing strategies, drive demand generation, and enhance brand equity. Bontempo's expertise in data, AI, and the digital ecosystem will help Johnson Controls grow market share and connect customers with innovative technologies.
Johnson Controls reported solid Q2 results with flat sales versus the prior year and a 1% organic increase. The GAAP EPS was $(0.41), while adjusted EPS stood at $0.78. Orders increased by 12% organically year-over-year, with a Building Solutions backlog of $12.6 billion, up 10% organically. The company maintains its FY24 guidance and initiates fiscal Q3 confidently.