Subtext

Johnson Controls International plc JCI

SectorIndustrials
Transcripts48
Date range2007-07-18 – 2025-05-07
Calls charted48

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-28-14+0+14+282007 Q32009 Q12016 Q32018 Q12019 Q32021 Q12022 Q32024 Q12007 Q3 · Overall: +8.82007 Q4 · Overall: +7.22008 Q1 · Overall: +9.82008 Q2 · Overall: +9.52008 Q3 · Overall: +6.12008 Q4 · Overall: +6.22009 Q1 · Overall: -3.32009 Q2 · Overall: +4.62009 Q3 · Overall: +3.12009 Q4 · Overall: +5.12016 Q1 · Overall: +11.02016 Q2 · Overall: +14.02016 Q3 · Overall: +11.42016 Q4 · Overall: +12.42017 Q1 · Overall: +13.92017 Q2 · Overall: +10.52017 Q3 · Overall: +3.62017 Q4 · Overall: +5.62018 Q1 · Overall: +6.92018 Q2 · Overall: +11.42018 Q3 · Overall: +16.52018 Q4 · Overall: +14.02019 Q1 · Overall: +18.92019 Q2 · Overall: +16.02019 Q3 · Overall: +11.92019 Q4 · Overall: +12.42020 Q1 · Overall: +11.52020 Q2 · Overall: +3.12020 Q3 · Overall: +10.32020 Q4 · Overall: +17.82021 Q1 · Overall: +24.42021 Q2 · Overall: +24.02021 Q3 · Overall: +18.82021 Q4 · Overall: +6.52022 Q1 · Overall: +16.12022 Q2 · Overall: +11.02022 Q3 · Overall: +15.52022 Q4 · Overall: +15.82023 Q1 · Overall: +17.02023 Q2 · Overall: +17.72023 Q3 · Overall: +16.62023 Q4 · Overall: +12.82024 Q1 · Overall: +10.52024 Q2 · Overall: +3.32024 Q3 · Overall: +12.82024 Q4 · Overall: +13.22025 Q1 · Overall: +21.72025 Q2 · Overall: +20.6
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-44-22+0+22+442007 Q32009 Q12016 Q32018 Q12019 Q32021 Q12022 Q32024 Q12007 Q3 · CEO: +23.62007 Q4 · CEO: +11.92008 Q1 · CEO: +9.72008 Q2 · CEO: +11.32008 Q3 · CEO: +13.82008 Q4 · CEO: +13.02009 Q2 · CEO: +10.62009 Q3 · CEO: +4.92009 Q4 · CEO: +6.42016 Q3 · CEO: +17.22017 Q3 · CEO: +3.12017 Q4 · CEO: +12.02018 Q1 · CEO: +14.42018 Q4 · CEO: +23.02019 Q1 · CEO: +27.92019 Q4 · CEO: +17.22020 Q1 · CEO: +17.22021 Q1 · CEO: +28.02021 Q4 · CEO: +19.42022 Q1 · CEO: +19.02022 Q2 · CEO: +14.72022 Q3 · CEO: +23.42022 Q4 · CEO: +22.62023 Q1 · CEO: +24.82023 Q2 · CEO: +21.62023 Q3 · CEO: +28.32023 Q4 · CEO: +24.22025 Q1 · CEO: +33.62025 Q2 · CEO: +22.12007 Q3 · CFO: +2.22007 Q4 · CFO: +7.82008 Q1 · CFO: +11.72008 Q2 · CFO: -1.42008 Q3 · CFO: +2.42008 Q4 · CFO: +2.42009 Q2 · CFO: +4.72009 Q3 · CFO: +4.62009 Q4 · CFO: +4.32016 Q3 · CFO: +6.12017 Q3 · CFO: -0.42017 Q4 · CFO: +0.62018 Q1 · CFO: +2.82018 Q4 · CFO: +8.22019 Q1 · CFO: +11.62019 Q4 · CFO: +8.52020 Q1 · CFO: +11.62021 Q1 · CFO: +37.92021 Q4 · CFO: +11.42022 Q1 · CFO: +17.12022 Q2 · CFO: +14.12022 Q3 · CFO: +10.32022 Q4 · CFO: +16.22023 Q1 · CFO: +13.42023 Q2 · CFO: +23.02023 Q3 · CFO: +15.12023 Q4 · CFO: +11.12024 Q1 · CFO: +14.22024 Q3 · CFO: +16.12024 Q4 · CFO: +21.42025 Q1 · CFO: +25.72025 Q2 · CFO: +34.4
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-58-29+0+29+582007 Q32009 Q12016 Q32018 Q12019 Q32021 Q12022 Q32024 Q12007 Q3 · Prepared remarks: +11.12007 Q4 · Prepared remarks: +14.32008 Q1 · Prepared remarks: +18.32008 Q2 · Prepared remarks: +10.42008 Q3 · Prepared remarks: +12.72008 Q4 · Prepared remarks: +11.12009 Q1 · Prepared remarks: +0.72009 Q2 · Prepared remarks: +8.32009 Q3 · Prepared remarks: +5.42009 Q4 · Prepared remarks: +7.42016 Q1 · Prepared remarks: +13.82016 Q2 · Prepared remarks: +18.62016 Q3 · Prepared remarks: +13.42016 Q4 · Prepared remarks: +11.82017 Q1 · Prepared remarks: +18.92017 Q2 · Prepared remarks: +11.12017 Q3 · Prepared remarks: +5.82017 Q4 · Prepared remarks: +5.62018 Q1 · Prepared remarks: +7.72018 Q2 · Prepared remarks: +8.12018 Q3 · Prepared remarks: +15.72018 Q4 · Prepared remarks: +14.22019 Q1 · Prepared remarks: +14.92019 Q2 · Prepared remarks: +25.02019 Q3 · Prepared remarks: +13.72019 Q4 · Prepared remarks: +11.32020 Q1 · Prepared remarks: +13.12020 Q2 · Prepared remarks: -1.62020 Q3 · Prepared remarks: +7.22020 Q4 · Prepared remarks: +23.52021 Q1 · Prepared remarks: +30.42021 Q2 · Prepared remarks: +35.42021 Q3 · Prepared remarks: +21.32021 Q4 · Prepared remarks: +19.52022 Q1 · Prepared remarks: +22.42022 Q2 · Prepared remarks: +14.32022 Q3 · Prepared remarks: +21.42022 Q4 · Prepared remarks: +21.22023 Q1 · Prepared remarks: +25.02023 Q2 · Prepared remarks: +26.32023 Q3 · Prepared remarks: +25.42023 Q4 · Prepared remarks: +16.22024 Q1 · Prepared remarks: +12.92024 Q2 · Prepared remarks: +22.22024 Q3 · Prepared remarks: +14.82024 Q4 · Prepared remarks: +28.72025 Q1 · Prepared remarks: +50.82025 Q2 · Prepared remarks: +39.12007 Q3 · Q&A responses: +7.82007 Q4 · Q&A responses: +3.22008 Q1 · Q&A responses: +5.02008 Q2 · Q&A responses: -9.52008 Q3 · Q&A responses: +1.62008 Q4 · Q&A responses: +2.82009 Q1 · Q&A responses: -2.22009 Q2 · Q&A responses: +2.02009 Q3 · Q&A responses: +2.42009 Q4 · Q&A responses: +3.22016 Q1 · Q&A responses: +12.02016 Q2 · Q&A responses: +13.32016 Q3 · Q&A responses: +11.32016 Q4 · Q&A responses: +17.52017 Q1 · Q&A responses: +13.62017 Q2 · Q&A responses: +12.92017 Q3 · Q&A responses: +4.52017 Q4 · Q&A responses: +8.72018 Q1 · Q&A responses: +10.22018 Q2 · Q&A responses: +17.62018 Q3 · Q&A responses: +24.42018 Q4 · Q&A responses: +20.12019 Q1 · Q&A responses: +28.92019 Q2 · Q&A responses: +18.02019 Q3 · Q&A responses: +12.72019 Q4 · Q&A responses: +16.52020 Q1 · Q&A responses: +16.02020 Q2 · Q&A responses: +5.52020 Q3 · Q&A responses: +16.62020 Q4 · Q&A responses: +23.42021 Q1 · Q&A responses: +27.92021 Q2 · Q&A responses: +28.92021 Q3 · Q&A responses: +24.32021 Q4 · Q&A responses: +13.02022 Q1 · Q&A responses: +13.82022 Q2 · Q&A responses: +13.42022 Q3 · Q&A responses: +16.62022 Q4 · Q&A responses: +17.32023 Q1 · Q&A responses: +18.62023 Q2 · Q&A responses: +18.42023 Q3 · Q&A responses: +18.52023 Q4 · Q&A responses: +18.92024 Q1 · Q&A responses: +16.02024 Q2 · Q&A responses: +9.52024 Q3 · Q&A responses: +16.32024 Q4 · Q&A responses: +15.22025 Q1 · Q&A responses: +16.22025 Q2 · Q&A responses: +17.8
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$1.93$3.06$4.192007 Q32009 Q12016 Q32018 Q12019 Q32021 Q12022 Q32024 Q12016 Q1: $2.302016 Q2: $2.332016 Q3: $2.372016 Q4: $2.792017 Q1: $2.852017 Q2: $2.942017 Q3: $2.972017 Q4: $2.882018 Q1: $2.922018 Q2: $2.992018 Q3: $3.032018 Q4: $3.002019 Q1: $2.172019 Q2: $2.432019 Q3: $2.602019 Q4: $2.632020 Q1: $2.642020 Q2: $2.092020 Q3: $2.452020 Q4: $2.592021 Q1: $2.752021 Q2: $3.062021 Q3: $3.312021 Q4: $3.452022 Q1: $3.602022 Q2: $3.542022 Q3: $3.592022 Q4: $3.652023 Q1: $3.772023 Q2: $3.932023 Q3: $4.032023 Q4: $3.902024 Q1: $3.872024 Q2: $3.962024 Q3: $3.952024 Q4: $3.69

Forward P/E

8.9416.4323.922007 Q32009 Q12016 Q32018 Q12019 Q32021 Q12022 Q32024 Q12016 Q1: 16.552016 Q2: 19.392016 Q3: 18.792016 Q4: 15.392017 Q1: 14.692017 Q2: 14.212017 Q3: 13.432017 Q4: 13.052018 Q1: 12.752018 Q2: 11.692018 Q3: 12.212018 Q4: 10.262019 Q1: 16.712019 Q2: 16.072019 Q3: 16.972019 Q4: 15.452020 Q1: 9.972020 Q2: 16.872020 Q3: 17.512020 Q4: 17.692021 Q1: 21.972021 Q2: 21.982021 Q3: 22.892021 Q4: 22.812022 Q1: 17.952022 Q2: 14.082022 Q3: 15.682022 Q4: 18.262023 Q1: 15.652023 Q2: 16.412023 Q3: 14.192023 Q4: 13.662024 Q1: 16.122024 Q2: 17.442024 Q3: 18.422024 Q4: 21.36

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2016 Q3 tone ↓ -2.5 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q2 tone ↓ -3.4 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q4 tone ↑ +2.0 fwd EPS ↓ -0.09 Tone rose while the forward EPS estimate was cut.
  • 2019 Q1 tone ↑ +4.9 fwd EPS ↓ -0.83 Tone rose while the forward EPS estimate was cut.
  • 2019 Q2 tone ↓ -2.9 fwd EPS ↑ +0.26 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↓ -4.1 fwd EPS ↑ +0.17 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q3 tone ↓ -5.2 fwd EPS ↑ +0.25 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↓ -12.3 fwd EPS ↑ +0.14 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q2 tone ↓ -7.2 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q22025-05-07+20.6——View →
2025 Q12025-02-05+21.7——View →
2024 Q42024-11-06+13.2$3.6921.4View →
2024 Q32024-07-31+12.8$3.9518.4View →
2024 Q22024-05-01+3.3$3.9617.4View →
2024 Q12024-01-30+10.5$3.8716.1View →
2023 Q42023-12-12+12.8$3.9013.7View →
2023 Q32023-08-02+16.6$4.0314.2View →