What caused JCI's revenue cost spike in Q4 2024?

Johnson Controls International PLC (JCI) experienced a notable increase in revenue and cost of goods sold (COGS) in Q4 2024, with total revenue reaching $5.43 billion and COGS amounting to $3.5 billion. The growth in revenue can be attributed to several key factors: 1. **Organic Revenue Growth**: Johnson Controls reported a 10% increase in organic revenue growth, driven by strong performances across various segments. The Building Solutions North America segment saw a 16% increase in sales, Building Solutions Europe, Middle East, Africa/Latin America segment reported a 7% increase, and the Global Products segment remained flat but achieved an 8% increase in organic sales. 2. **Applied HVAC Growth**: The Applied HVAC business experienced significant growth, with over 20% increase in sales, contributing to the overall revenue growth. 3. **Data Centers Demand**: There was strong demand for heating, ventilation, and air conditioning (HVAC) platforms in data centers, which positively impacted the Building Solutions North America segment. 4. **Strategic Initiatives**: Johnson Controls' focus on sustainability and energy efficiency, as well as its digital solutions like the OpenBlue platform, are resonating with customers and supporting long-term growth prospects. In summary, Johnson Controls' revenue spike in Q4 2024 was primarily driven by organic revenue growth, particularly in the Applied HVAC business and the Building Solutions segments, along with strong demand in data centers and the impact of strategic initiatives.