Johnson Controls (JCI) Tops Q2 EPS by 1c; Tightens EPS Guidance, Raises Buyback by $500M
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Johnson Controls reports second quarter results and increases share repurchase program by $500 million
April 27, 2017 6:55 AM EDTCORK, Ireland, April 27, 2017 /PRNewswire/ --
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... More