Is JCI's earnings volatility a concern for long-term investors?

**Johnson Controls International plc (JCI) does not appear to be a significant concern for long-term investors in terms of earnings volatility**, based on the following points:

1. **Consistent Performance**: Johnson Controls has demonstrated strong performance in its recent quarters, with notable increases in sales, organic sales, and earnings per share (EPS). For instance, Q1 sales rose by 4% and organic sales by 10%, indicating a robust business trajectory.
2. **Stable Financials**: The company's financials show a building solutions backlog of $13.2 billion, which increased by 11% organically year-over-year. This suggests a strong future revenue stream, which is a positive sign for long-term investors.
3. **Dividend Stability**: Johnson Controls is part of the "Dividend Zombies" category, known for consistently paying dividends for over 100 years. This track record implies financial stability and a commitment to returning value to shareholders, which is attractive for long-term investors seeking reliable income.
4. **Market Position**: Johnson Controls' focus on the building solutions market, particularly in areas like energy efficiency and integrated infrastructure, positions it well for long-term growth. The company's ability to serve customers over the lifecycle of a building is a strategic advantage that can lead to consistent demand and revenue.
5. **Historical Stock Performance**: While there is some volatility around earnings announcements, historical data shows that JCI shares have moved higher in the immediate aftermath of earnings in six out of 12 previous reports. This suggests that positive earnings surprises can lead to price appreciation, which is beneficial for long-term investors.

In conclusion, Johnson Controls International plc (JCI) does not appear to be a high-earnings volatility concern for long-term investors, given its strong financial performance, stable dividend history, strategic market position, and historical stock price trends post-earnings.