Johnson Controls (JCI) Tops Q2 EPS by 1c; Tightens EPS Guidance, Raises Buyback by $500M
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Price: $64.61 -0.86%
Revenue Growth %: +4.8%
Financial Fact:
Net income: 459M
Today's EPS Names:
TOWN, NRIM, GCBC, More
Revenue Growth %: +4.8%
Financial Fact:
Net income: 459M
Today's EPS Names:
TOWN, NRIM, GCBC, More
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Johnson Controls (NYSE: JCI) reported Q2 EPS of $0.50, $0.01 better than the analyst estimate of $0.49. Revenue for the quarter came in at $7.2 billion versus the consensus estimate of $7.08 billion.
Johnson Controls increases share repurchase program by $500 million.
- GAAP loss of $0.16 per share driven by non-cash tax charge and other special items
- Adjusted EPS from continuing operations of $0.50, up 11 percent versus prior year
- Adjusted sales of $7.2 billion, reflecting organic growth of 2 percent versus prior year
- Adjusted EBIT margin expansion of 20 basis points year-over-year, to 9.8 percent
- Third quarter adjusted EPS from continuing operations guidance of $0.70 to $0.73, an increase of 15 percent to 20 percent year-over-year
- 2017 adjusted EPS from continuing operations guidance range tightened to $2.60 to $2.68, a 13 percent to 16 percent increase year-over-year
GUIDANCE:
Johnson Controls sees FY2017 EPS of $2.60-$2.68, versus the consensus of $2.64.
For earnings history and earnings-related data on Johnson Controls (JCI) click here.
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