Xylem's (XYL) Q4 results benefit from strong performances across all segments and higher organic sales. Simultaneously, the company hikes dividend by 10%.
Shares in building controls and heating, ventilation, and air-conditioning (HVAC) company Johnson Controls (NYSE: JCI) were up by 1.8% by midday today. The move comes after its peer Trane Technologies (NYSE: TT) reported conditions similar to what Johnson Controls reported earlier in the week. CEO George Oliver put it down to "order timing, supply chain realization, and China" lockdowns but also said, "we are seeing incremental improvements in order momentum heading into Q2."
Good morning, and thank you for joining our conference call to discuss Johnson Controls first quarter fiscal 2023 results. Joining me on the call today are Johnson Controls chairman and chief executive officer, George Oliver; and chief financial officer, Olivier Leonetti. Listeners are cautioned that these statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of Johnson Controls.