Johnson Controls (JCI) Tops Q1 EPS by 3c, Revenues Beat; Offers 2Q & FY21 EPS Guidance

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Johnson Controls Reports Strong Start to Fiscal Year; Provides Fiscal 2021 Full Year and Q2 Guidance

January 29, 2021 6:00 AM EST

CORK, Ireland, Jan. 29, 2021 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, today reported fiscal first quarter 2021 GAAP earnings per share ("EPS") from continuing operations, including special items, of $0.45. Excluding these items, adjusted EPS from continuing operations was $0.43, up 8% versus the prior year period (see attached footnotes for non-GAAP reconciliation).

Sales of $5.3 billion decreased 4% compared to the prior year and declined 5% organically, reflecting the continued impact of the COVID-19 pandemic.  

GAAP net income from continuing operations was $327 million. Adjusted net income from... More