10 Companies Jump on Better Earnings, Outlook

6. Johnson Controls International PLC (NYSE:JCI)

Johnson Controls saw its share prices surge by 11.27 percent to end Wednesday’s trading at $86.01 apiece as investors took heart from a recent leadership change.

During an investor call for the release of its latest quarterly results on Wednesday, Johnson Controls named Joakim Weidemanis as its new chief executive officer, who is set to replace George Oliver effective March 2025.

The change was part of a succession plan announced in July last year following talks with activist investor Elliott Investment which has built a stake worth over $1 billion in the company.

Meanwhile, Johnson Controls announced an 11-percent decline in net income in the full year 2024 at $1.396 billion versus the $1.582 billion registered in 2023.

Net sales inched up by 2.8 percent to $22.95 billion from $22.33 billion year-on-year.

In the first quarter of fiscal year 2025 alone, net income rose by 11.6 percent to $451 million from $404 million year-on-year.