Johnson Controls: Q4 above expectations

(CercleFinance.com) - Johnson Controls has reported Q4 adjusted net income from continuing operations that is up 7% at 870 million dollars, or EPS of 93 cents per share, beating the consensus by one cent.


The diversified industrial group saw its adjusted operating margin improve by 10 basis points to 14%, with revenues that are up 3% at 8.4 billion dollars, with organic growth of 6%.

Reporting adjusted EPS that is up 9% at 2.83 dollars over the past year, Johnson Controls expects between 2.90 dollars and 3.05 dollars for 2018-19. It has also announced a share buyback of one billion dollars.



Copyright (c) 2018 CercleFinance.com. All rights reserved.