Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Johnson Controls International plc reported solid operational and financial progress in its fiscal second quarter 2026, reflecting continued demand strength notably in data centers, advanced manufacturing, and biologics sectors.</li><li>The company highlighted a 30% increase in orders following a 40% rise in the prior quarter, underscoring sustained customer interest particularly in high-performance cooling solutions.</li><li>Revenue grew 6% organically, supported by growth in Applied HVAC, service, and systems segments across key regions, with APAC sales up 13%, Americas 7%, and EMEA modestly increasing by 1%.</li></ul>

Johnson Controls International plc reported solid operational and financial progress in its fiscal second quarter 2026, reflecting continued demand strength notably in data centers, advanced manufacturing, and biologics sectors.The company highlighted a 30% increase in orders following a 40% rise in the prior quarter, underscoring sustained customer interest particularly in high-performance cooling solutions.Revenue grew 6% organically, supported by growth in Applied HVAC, service, and systems segments across key regions, with APAC sales up 13%, Americas 7%, and EMEA modestly increasing by 1%.

Johnson Controls International’s Big Break: Record Backlog, 30% Orders, And Margin Expansion!

<ul><li>Johnson Controls International is being discussed in the market because it is weighing a potential sale of its Access Control and Intrusion Detection businesses, a move that could fetch as much as $4.5 billion.</li><li>On the surface, that looks like another industrial divestiture story.</li><li>In practice, it points to something broader: the company is steadily redesigning itself around businesses that are easier to run, more tightly integrated, and more exposed to structurally attractive demand pockets.</li></ul>

Johnson Controls International is being discussed in the market because it is weighing a potential sale of its Access Control and Intrusion Detection businesses, a move that could fetch as much as $4.5 billion.On the surface, that looks like another industrial divestiture story.In practice, it points to something broader: the company is steadily redesigning itself around businesses that are easier to run, more tightly integrated, and more exposed to structurally attractive demand pockets.

Johnson Controls Isn’t Selling Assets—It’s Rebuilding For A Premium Future!

Next Generation Financial Data Tools, Calcbench

Calcbench

Next Generation Financial Data Tools

Founded in 2011, based in New York and Cambridge, MA, Calcbench is a financial data platform designed for detailed fundamental research. Created by former analysts and supported by a team of financial experts with serious credentials in Finance, Accounting, and Applied Mathematics, Calcbench helps analysts looking to go a level deeper become more productive and accurate in their financial analysis. With Calcbench, analysts can systematically access all the data (numbers and text) in financial statements, including the details hidden within the footnotes.

Forensic Accounting

<ul>
<li>So there we were today, scanning the latest corporate filings to the Securities and Exchange Commission , when we noticed that Johnson Controls ($JCI) had filed its latest earnings report .</li>
<li>We started reading, and were immediately stopped short by this earnings adjustment, right there in the second bullet point: Fiscal Q4 GAAP EPS of $0.80; Q4 Adjusted EPS of $1.</li>
<li>Hold up — what cybersecurity incident? When did that happen, and what has Johnson Controls said about it so far? </li>
</ul>


So there we were today, scanning the latest corporate filings to the Securities and Exchange Commission , when we noticed that Johnson Controls ($JCI) had filed its latest earnings report .
We started reading, and were immediately stopped short by this earnings adjustment, right there in the second bullet point: Fiscal Q4 GAAP EPS of $0.80; Q4 Adjusted EPS of $1.
Hold up — what cybersecurity incident? When did that happen, and what has Johnson Controls said about it so far? 


<ul><li>Johnson Controls highlighted both positive and challenging aspects in its latest financial results.</li><li>On the positive side, the company demonstrated notable momentum in its order intake, reporting a substantial 40% increase over the previous year.</li><li>This growth was largely attributed to a robust performance within the data center sector, which experienced high demand for energy-efficient and precise operating solutions.</li></ul>

Johnson Controls highlighted both positive and challenging aspects in its latest financial results.On the positive side, the company demonstrated notable momentum in its order intake, reporting a substantial 40% increase over the previous year.This growth was largely attributed to a robust performance within the data center sector, which experienced high demand for energy-efficient and precise operating solutions.

Johnson Controls Is Partnering With NVIDIA—Can This Redefine Data Center Cooling Leadership?

<ul><li>Johnson Controls’ fourth quarter of fiscal year 2025 results highlight a year marked by growth and strategic advancements, coupled with continued efforts towards operational efficiency.</li><li>Sales growth of 6% and a 17% increase in adjusted earnings per share (EPS) indicate strong performance, though challenges and opportunities are balanced.</li><li>A significant highlight is the attainment of a 102% free cash flow conversion, bolstered by rigorous working capital management and operational efficiencies.</li></ul>

Johnson Controls’ fourth quarter of fiscal year 2025 results highlight a year marked by growth and strategic advancements, coupled with continued efforts towards operational efficiency.Sales growth of 6% and a 17% increase in adjusted earnings per share (EPS) indicate strong performance, though challenges and opportunities are balanced.A significant highlight is the attainment of a 102% free cash flow conversion, bolstered by rigorous working capital management and operational efficiencies.

Johnson Controls Just Triggered a Strategic Shake-Up—Here’s the Inside Story!

United States

Johnson Controls, Inc. markets automotive systems and building controls.  The Company supplies seating systems, interior systems, and batteries.  Johnson Controls also provides building control systems and services, energy management, and integrated facility management, as well as provides batteries for automobiles and hybrid electric vehicles.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Johnson Controls (JCI US)

Johnson Controls International’s Big Break: Record Backlog, 30% Orders, And Margin Expansion!

Johnson Controls International plc reported solid operational and financial progress in its fiscal second quarter 2026, reflecting continued...

Baptista Research

Johnson Controls Isn’t Selling Assets—It’s Rebuilding For A Premium Future!

Johnson Controls International is being discussed in the market because it is weighing a potential sale of its Access Control and Intrusion...

Baptista Research

Digging Into Cybersecurity Incidents

So there we were today, scanning the latest corporate filings to the Securities and Exchange Commission , when we noticed that Johnson Controls...

Calcbench

Johnson Controls Is Partnering With NVIDIA—Can This Redefine Data Center Cooling Leadership?

Johnson Controls highlighted both positive and challenging aspects in its latest financial results. On the positive side, the company demonstrated...

Baptista Research

Johnson Controls Just Triggered a Strategic Shake-Up—Here’s the Inside Story!

Johnson Controls’ fourth quarter of fiscal year 2025 results highlight a year marked by growth and strategic advancements, coupled with continued...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)