Shares of Johnson Controls International (JCI) jumped intraday Wednesday after the building systems manufacturer increased its fiscal 2025 earnings outlook and announced a new chief executive.

The heating, ventilation and air conditioning equipment maker now projects adjusted earnings per share between $3.50 and $3.60, up from a prior forecast of $3.40 to $3.50. Analysts surveyed by FactSet are modeling for non-GAAP EPS of $3.47 in the ongoing year.

Shares of Johnson Controls soared 12% in midday trade.

It continues to forecast organic sales growth of a mid-single digit over fiscal 2024's revenue of $22.95 billion, which was up 4% on an organic basis.

"We exited the first quarter with strength and sustained momentum" that included record backlog, Chief Financial Officer Marc Vandiepenbeeck told analysts on a conference call, according to a FactSet transcript. "The solid foundation offers great visibility into the remainder of fiscal 2025 and positions us well for continued success and growth," he said.

Second-quarter organic sales are projected to rise by a mid-single digit over $6.7 billion in the year-ago period. The FactSet consensus is for sales of $5.66 billion.

The company announced Wednesday that it has appointed Joakim Weidemanis to replace George Oliver, effective March 12. Johnson Controls announced last summer that Oliver was planning to retire. Weidemanis held several executive leadership roles over a 13-year career at Danaher (DHR), most recently as executive vice president of diagnostics and China.

Oliver will continue to serve as non-executive chairman of Johnson Controls' board until July 31. At that time, he will be replaced as chairman by Mark Vergnano, who has been on the board since 2016.

For the fiscal first quarter, Johnson Controls' revenue advanced to $5.43 billion from $5.21 billion the year earlier and surpassed the $5.29 billion average analyst estimate on FactSet. Adjusted EPS rose to $0.64 for the three months ended Dec. 31 from $0.46 in the same period of fiscal 2024 and topped the $0.59 market view.

In the company's North American building solutions segment, sales climbed 10% to $2.74 billion, led by high teens growth in applied HVAC and controls. The North America unit continued to see strong demand for data centers, healthcare, broad industrial, and manufacturing, Vandiepenbeeck said on the call. Building solutions in Europe, the Middle East, Africa and Latin America increased 3% to $1.07 billion.