Johnson Controls Reports Strong Start to Fiscal Year; Provides Fiscal 2021 Full Year and Q2 Guidance
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Johnson Controls (JCI) Tops Q1 EPS by 3c, Revenues Beat; Offers 2Q & FY21 EPS Guidance
January 29, 2021 6:04 AM ESTJohnson Controls (NYSE: JCI) reported Q1 EPS of $0.43, $0.03 better than the analyst estimate of $0.40. Revenue for the quarter came in at $5.34 billion versus the consensus estimate of $5.27 billion.
GAAP EPS of $0.45; Adjusted EPS of $0.43, up 8% versus prior yearContinued sequential quarterly improvement in sales, orders and profitabilityBacklog of $9.5B increases 3% organically year-over-yearCash provided by operating activities was $0.5 billion; Free cash flow of $0.4 billionExecuted $346 million of planned share repurchases in Q1Announced ambitious new ESG commitmentsProvides fiscal 2021 second quarter adjusted earnings per share guidance range of $0.47 to $0.49; top-line... More