Johnson Controls (JCI) Tops Q3 EPS by 19c, Revenues Beat; Offers 4Q & FY20 EPS Guidance Above Consensus
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Johnson Controls Reports Fiscal Q3 Results Demonstrating Strong Execution In An Unprecedented Time; Provides Q4 Guidance
July 31, 2020 6:30 AM EDTCORK, Ireland, July 31, 2020 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI) today reported a fiscal third quarter 2020 GAAP loss per share from continuing operations, including special items, of $0.24. Excluding these items, adjusted earnings per share ("EPS") from continuing operations was $0.67, up 3% versus the prior year period (see attached footnotes for non-GAAP reconciliation).
Sales of $5.3 billion decreased 17% compared to the prior year and declined 16% organically, driven by the COVID-19 pandemic. Â
GAAP earnings before interest and taxes ("EBIT") was a loss of $65 million and EBIT margin was (1.2%) driven primarily by a... More
