Thank and for Jim, everyone. call you morning, good the joining us today. Thanks, on
Let's begin Slide with X.
of margin was line to of single deliver were exceeded which all We quarter expansion exceeded sales delivered a our XX%. We guidance X%, digits. points with in growth segment results XX.X%, targets. basis to third was our of almost guidance Organic low that very fiscal pleased of our XXX robust which
transformation momentum way, we is proud with It more as our year the growth, continue also X once of cash year comparable generation financial meeting was than the full validate encouraging to continues than Service to X% are We higher objectives. which free again, led build our which ago. the million toward efforts. flow during our $XXX quarter, period
the quarter. during Orders X% grew
quarterly center our We the fluctuation demand pattern, given solutions. order in data strong some our expect for
solutions organization data a the the made years launch in customers. investments for few dedicated with over in and resonating offerings, this well are we have last remain our segment, technologies clearly centers, positioned With that with we one-of-a-kind of the fast-growing
in America, unique We position proposition. leading value and have built centers to a due in compelling a data customer North
for our meet grow to As world. Controls as around we growing them alongside partner demand to internationally choose centers, they with the data rapidly customers Johnson expand the
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our and part business ongoing represent Residential As our of we sales. HVAC Technologies These business. Light and of our Commercial business Air roughly X divestitures, Distribution transactions announced transformation, current XX% X
the time we our same announced that Board I results, time is this informed to as earnings plan. the succession At initiate morning CEO our it
move I our and the of next growth, to of that we Following phase right identifying transformation now recent as leader believe next milestones significant Controls. the in new to begin process of the Johnson the is portfolio the time
ensure I am begun I as help as its position remain full supporting will the to I the potential. of Board the confident Board transition. smooth search for a named, has engaged CEO. a work chapter, full next in Johnson and Controls we enters committed to its Controls our team realizes Johnson a company's Once and comprehensive successor remain nationally to firm Accordingly, has recognized next facilitate been my search Chair the
Decker appointed has our the announced that ongoing with been the our our to appointment continuously ongoing our experiences prior skills and appropriately Board reflects company, part directors we Management, and a Board commitment immediately. and of of Patrick Patrick with a constructive plan, of brings and refreshment transformation experience efforts company's also our Directors the to succession to his dialogue Elliott to of our as Along company's initiation led effective our Board reflect having refreshing his ensure following transformation. Board of
a slide, $X.XX Lastly, adjusted give next to our we range additional call. full to guidance in EPS moving year Marc to the the details to tightening of later of $X.XX will $X.XX range are $X.XX. before from a
business tremendous We deliver predictable positioned into a made to progress transformation have on simpler, company, our results. consistent, higher-growth more
to X. Turning Slide
Global We simplifying the good Commercial to all-cash July Bosch in transaction. and our on an valued consideration and approximately XX% is reached joint in of total our progress of Group America Residential billion, XX, to sell Hitachi. business which an our approximately The recently, includes billion Most our transaction have North to Johnson our Controls. $X.X results with venture Residential we made XXX% interest portfolio. ducted transaction Light on business agreement in HVAC at The $X.X
subject billion expecting Commercial other net customary leverage. approvals to which $X capital majority approximately close XX closing to after Light proceeds of are shareholders returning months, and in transaction expected and the expenses, and regulatory to HVAC of will accelerate address tax The and approximately conditions. required be transaction to used Residential is also We
We operating expect results of beginning business fourth discontinued in the XXXX. to in quarter operations fiscal of the the report
XX, Capital. manufacturing Air our is Technologies also Distribution nearly In sale business Air an important The with the elimination facilities. we of agreed XX% our of Technologies to footprint, in of addition, sell June manufacturing step Distribution on our to simplifying Truelink
transactions transformation. represent X these in significant portfolio milestones our together, Taken
pure-play provider now buildings. as commercial a going solutions of are for comprehensive even We forward better positioned
is into new composition our forma company the turning in results pro a into X representing forward. efforts and Slide the Johnson going value at look presents of of Our coming focus. Controls, the our transformation
higher almost growth Following completion offerings. our on earlier, the we solutions engineered of divestitures focused a described X exclusively be will company simpler,
building HVAC, of include and commercial electrification portfolio our less controls, digitalization. trifecta services, equipment, margin fire, clean enhanced and operating transformed a smart model. security profile, benefits The focused and of the forming energy-efficient an more include solutions complexity These
addition, divestitures the to sales increase of center In XXXX. exposure to XX% further as of from data these year nearly vertical fast-growing our X% fiscal
key robust seeing we the this time increase over given are this percentage demand in expect We to further vertical.
we to portfolio, largest of the look While complete. portfolio the elements continue further believe are enhance at the transformation that now opportunities we will to
for to more deliver consistent, customers how to to unique focused has the cycle directly that predictable Controls our a our value and translates Turning creation. value model plan to value Slide outcomes Johnson our X maximize over for proposition business discuss shareholders shareholder buildings. for of life customers we and
Our ability to serve cycle us life of customers our and deliver allows over healthy building buildings. the safe, the to sustainable
coupled we network As better more margins. extensive a our company, to positioned branch now simpler streamlined expertise, to our domain significantly integrated and expand leverage with are
save and opportunities cycle optimize customer asset, customer occupant the experience. while costs, cycle improving life building reduce Our the provides journey the around system delivering service energy, all with emissions the life solutions to of the the that that maximize and overall outcomes
use that of our creates our impact drive importantly, ability which for we shareholders. customer and the services, to Most a outcomes have long-term ensures compounded that for direct several customers our
up over In the systems the potential to of generate life fact, to revenue XXx revenue has the cycle the solution. of $X
It with the and building our installation to to our local systems. we our system creating team starting throughout teams provide our deployment, new base. with linkage all excellence offering. service construction starts with the development in intimacy the teams of building, confidence Throughout centralized of product operational supported the through the the by technology installed engineering and ensure This our customer teams are are new grows
and and improved and to years We for the service. profile over greatly our past drive resilient revenue operational have few enhanced execution economic redoubled this Simply delivers throughout us, recurring our initial this margin put, focus an revenue and maintenance relationship grow to build cycles. service provides
Parts & Repairs. to Moving
detect data by enabled organization Leveraging cost downtime unlocks is digitally collecting customer. before value issues leading Our and and from lets occur, additional the within us to building. savings the data for they service connected equipment the reduced this
needs. refresh monetization existing with including systems. discuss The the We building and work owner the last life technology prioritization cycle the part cycle the of of and of the building is planning to retrofit, the building closely
for We sell into have expansion. our means Controls can perfect to that this deliver buildings to of commercial effects matter. we the the our of these cycle, to found solutions leading are we significant comprehensive deliver The opportunity to service for buildings outcomes By customers, ongoing quality to pure-play margin transformation solutions compounding domains. of provider be able portfolio this additional Johnson that a to
extending our Together, this attractive customers, value stakeholder in delivers across base market. our our on while capitalizing the our for are opportunities with we Accordingly, customers, shareholders. employees journey and for
Marc. over I'll to turn it that, With
