Johnson Controls (JCI) Reports In-Line Q3 EPS, Offers Q4 Guidance

Johnson Controls (NYSE: JCI) reported Q3 EPS of $0.83, in-line with the analyst estimate of $0.83. Revenue for the quarter came in at $6.3 billion versus the consensus estimate of $6.24 billion.

GUIDANCE:

Johnson Controls sees FY2021 EPS of $0.86-$0.88, versus the consensus of $0.88.

FULL YEAR GUIDANCE

The company raised fiscal 2021 full year guidance:

• Organic revenue growth up mid-single digits year-over-year
• Adjusted segment EBITA margin expansion of 80 to 90 basis points, year-over-year
• Adjusted EPS before special items of $2.64 to $2.66; represents 18 to 19% growth year-over-year

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

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