Johnson Controls (JCI) Tops Q1 EPS by 2c, Guides FY EPS In-Line

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Go back to Johnson Controls (JCI) Tops Q1 EPS by 2c, Guides FY EPS In-Line

Johnson Controls reports strong organic revenue and earnings growth in fiscal Q1, with continued momentum in orders and backlog; Fiscal 2019 guidance updated to reflect the announced sale of Power Sol

February 1, 2019 6:55 AM EST

CORK, Ireland, Feb. 1, 2019 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI) today reported fiscal first quarter 2019 GAAP earnings per share ("EPS") from continuing operations, including special items, of $0.12.  Excluding these items, adjusted EPS from continuing operations was $0.26, up 24% versus the prior year period (see attached footnotes for non-GAAP reconciliation).

Sales of $5.5 billion increased 3% compared to the prior year.  Excluding the impacts of M&A and foreign currency, sales grew 6% organically.     

GAAP earnings before interest and taxes ("EBIT") was $329 million and EBIT margin was 6.0%. Adjusted EBIT was $400 million and adjusted... More