Johnson Controls (JCI) Tops Q2 EPS by 1c

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Go back to Johnson Controls (JCI) Tops Q2 EPS by 1c

Johnson Controls reports solid fiscal Q2 earnings with stronger orders and free cash flow

May 1, 2018 6:55 AM EDT

CORK, Ireland, May 1, 2018 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI) today reported fiscal second quarter 2018 GAAP earnings per share ("EPS") from continuing operations, including special items, of $0.47.  Excluding these items, adjusted EPS from continuing operations was $0.53, up 6% versus the prior year period (see attached footnotes for non-GAAP reconciliation).

Sales of $7.5 billion increased 3% compared to the prior year.  Excluding the impacts of M&A, foreign currency and lead prices, total sales grew 1% organically.     

GAAP earnings before interest and taxes ("EBIT") was $676 million and EBIT margin was 9.0%. Adjusted EBIT was $740... More