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Johnson Controls (JCI) Tops Q2 EPS by 1c

May 1, 2018 7:00 AM EDT

Johnson Controls (NYSE: JCI) reported Q2 EPS of $0.53, $0.01 better than the analyst estimate of $0.52. Revenue for the quarter came in at $7.5 billion versus the consensus estimate of $7.44 billion.

"Second quarter results represent an important step in the continued transformation of Johnson Controls," said George Oliver, Johnson Controls chairman & chief executive officer. "We reported another quarter of solid operational performance and momentum continues to build. I am encouraged by the continued strength in orders across the Buildings platform driven by the significant efforts we have made to increase capacity and drive improved sales execution. In addition, we are monetizing investments in sales and product and channel investments with 3% organic service growth and 6% organic product growth," Oliver continued.

"In Power Solutions, we are encouraged by our new business wins in both Original Equipment and Aftermarket, driven by improved service levels and shifts to new technologies. We expect to see this momentum positively impact our top line growth as we move into the second half of the fiscal year. In addition, we are making good progress on our Power Solutions strategic review."

For earnings history and earnings-related data on Johnson Controls (JCI) click here.



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