What trends are visible in JCI's earnings over the past year?

Johnson Controls International (JCI) has shown volatile earnings over the past year, with a significant decline in net income in the first quarter of 2024. Here are the key trends visible in JCI's earnings:

1. **Significant Decline in Net Income in Q1 2024**: The net income of JCI plummeted to -$234 million in the first quarter of 2024, which is a substantial decrease from the previous quarter's net income of $678 million. This indicates a severe downturn in the company's financial performance.
2. **Improvement in Subsequent Quarters**: After the initial decline, JCI's net income started to recover. The company reported $451 million in net income by the end of the year, indicating a gradual improvement in its financial performance.
3. **Annual Performance**: When considering the annual performance, JCI's net income for the past year was $1.05 billion. This figure suggests that the company was able to bounce back from the initial downturn to achieve a respectable annual net income.

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|JCI|JCI.N|Johnson Controls|2024 Q2|-234.48275862068962|-2.34E8|169|
|JCI|JCI.N|Johnson Controls|2024 Q3|-6.23885918003565|1.052E9|169|
|JCI|JCI.N|Johnson Controls|2024 Q4|16.69535283993115|6.78E8|169|
|JCI|JCI.N|Johnson Controls|2025 Q1|11.633663366336634|4.51E8|169|