Johnson Controls International PLC at JPMorgan Industrials Conference Transcript

Mar 14, 2023 / 03:20PM GMT
Charles Stephen Tusa - JPMorgan Chase & Co, Research Division - MD

All right. One more before lunch here. We've got Olivier Leonetti, CFO of Johnson Controls, as well as in the back of the room, freshly minted IR, VP of IR, whatever. Jim Lucas, everyone.

Olivier, maybe a couple of minutes just on what you're seeing out there demand-wise? And then we'll hop right into questions.

Olivier C. Leonetti - Johnson Controls International plc - Executive VP & CFO

How is the sound? Does this sound okay? Can you hear me?

Good morning. Nice to see many familiar faces. Hope you're well. So demand, we're going to spend a lot of time on this, a lot of conversations about the state of the demand. We are serving as an organization, mainly the commercial market and so far, we haven't seen a slowdown in the demand. The demand is very strong and today, higher than what we can supply. So largely today, it's a supplier market. That's point one.

Point number two, if you look at Johnson Controls, we are going through a transformation. George Oliver,

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