Management remarks
Call period: 2026 Q3 · 2026-07-29
Guidance: Marc Vandiepenbeeck: As a result, we are raising our adjusted EPS guidance to approximately $5.05, representing roughly 35% growth and $0.50 higher than our original guide at the beginning of the year.Demand and orders: Marc Vandiepenbeeck: From a regional perspective, the Americas continued to lead our performance with orders increasing 37%, led by sustained demand from data centers and other mission-critical environments, EMEA orders increased 6% driven by high single-digit system growth. In APAC, orders grew 12%, reflecting growth across several regions, including Northeast Asia and India.Margins: Marc Vandiepenbeeck: Adjusted segment EBITDA margin expanded 220 basis points to 20%, while adjusted EBIT margin expanded 260 basis points to 17%.Analyst Q&A
Analyst Joseph Ritchie asked: And then I guess just a follow-on maybe sticking with data centers. How big is your CDU backlog today? Management Marc Vandiepenbeeck answered: We are going to start shipping actually this quarter. Most of the testing and validation is through. We are still working through some of the hyperscaler validation. The pipeline for that business is well beyond the hundreds of millions and has now reached $1 billion. We think the opportunity here is enormous. Again, it's allowing JCI to continue to expand the total addressable market we have per megawatt and it will continue to do so, part of a bigger, broader solutioning for thermal management in the data center.管理层陈述
电话会期间：2026 Q3 · 2026-07-29
指引：马克·范迪彭贝克：因此，我们将调整后每股收益指引上调至约5.05美元，同比增长约35%，比年初的初始指引高出0.50美元。需求与订单：马克·范迪彭贝克：从区域视角来看，美洲地区持续引领业绩表现，订单增长37%，背后驱动力为数据中心及其他关键任务环境的持续需求；欧洲、中东和非洲地区订单增长6%，由高个位数系统业务增长驱动；亚太地区订单增长12%，反映出东北亚和印度等多个区域的增长。利润率：马克·范迪彭贝克：调整后板块EBITDA利润率扩大220个基点至20%，同时调整后EBIT利润率扩大260个基点至17%。分析师问答
分析师约瑟夫·里奇：那我接着数据中心的话题继续跟进提问，请问你们当前的 CDU 积压订单规模有多大？管理层马克·范迪彭贝克：我们本季度就将开始发货，绝大多数测试与验证工作已经完成，目前仍在完成部分超大型云服务商的验证流程。该业务的订单储备已远超数亿美元，如今达到10亿美元。我们认为这一领域机遇巨大，将助力江森自控扩大每兆瓦可触达市场规模，持续推出更全面的数据中心热管理整体解决方案。This earnings-call research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报电话会研究基于公司公告、监管文件、财务报表，以及真实电话会文字稿或官方回放整理。内容仅供参考，不构成投资建议。
