Johnson Controls (JCI) Tops Q1 EPS by 1c

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Go back to Johnson Controls (JCI) Tops Q1 EPS by 1c

Johnson Controls reports first quarter earnings and re-affirms full year guidance

January 31, 2018 6:55 AM EST

CORK, Ireland, Jan. 31, 2018 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI) today reported fiscal first quarter 2018 GAAP earnings per share ("EPS") from continuing operations, including special items, of $0.25.  Excluding these items, adjusted EPS from continuing operations was $0.54, up 2% versus the prior year period (see attached footnotes for non-GAAP reconciliation).

Sales of $7.4 billion increased 5% compared to the prior year.  Excluding the impacts of M&A, foreign exchange and changes in lead prices, total sales grew 3% organically.     

GAAP earnings before interest and taxes ("EBIT") was $654 million and the EBIT margin was 8.8%.... More