Johnson Controls (JCI) Reports In-Line Q4 EPS, FY EPS Guidance Comes in Light
Johnson Controls (NYSE: JCI) reported Q4 EPS of $0.87, in-line with the analyst estimate of $0.87. Revenue for the quarter came in at $8.1 billion versus the consensus estimate of $8.09 billion.
GUIDANCE:
Johnson Controls sees FY2018 EPS of $2.75-$2.85, versus the consensus of $2.95.
- Organic revenue growth in the low-single digits.
- Incremental synergy and productivity savings of $250 million.
- Adjusted EBIT margin expansion of 30 to 50 basis points, including a 30 basis point headwind related to the divestiture of Scott Safety.
- Fiscal 2018 adjusted EPS before special items guidance range of $2.75 to $2.85, which represents 6 percent to 10 percent earnings growth year-over-year.
- Adjusted free cash flow conversion of 80 percent plus.
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