Johnson Controls (JCI) Tops Q3 EPS by 2c; Tightens Outlook

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Go back to Johnson Controls (JCI) Tops Q3 EPS by 2c; Tightens Outlook

Johnson Controls reports fiscal Q3 earnings with strong organic growth and underlying margin expansion

July 31, 2018 6:55 AM EDT

CORK, Ireland, July 31, 2018 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI) today reported fiscal third quarter 2018 GAAP earnings per share ("EPS") from continuing operations, including special items, of $0.78.  Excluding these items, adjusted EPS from continuing operations was $0.81, up 14% versus the prior year period (see attached footnotes for non-GAAP reconciliation).

Sales of $8.1 billion increased 6% compared to the prior year.  Excluding the impacts of M&A, foreign currency and lead prices, total sales also grew 6% organically.     

GAAP earnings before interest and taxes ("EBIT") was $1,011 million and EBIT margin was 12.5%. Adjusted EBIT was... More