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Dec 31, 2019
Johnson Controls Q1 2020 Earnings Report
Johnson Controls had a strong start to the fiscal year, marked by fifth consecutive quarter of organic double-digit adjusted EBIT growth as a pure-play buildings technology company, and reaffirmed full year guidance.
Key Takeaways
Johnson Controls reported a 2% increase in sales to $5.6 billion, with organic growth of 3%. Adjusted EPS from continuing operations was $0.40, a 54% increase versus the prior year. The company reaffirmed its fiscal 2020 adjusted EPS guidance of $2.50 to $2.60.
GAAP EPS from continuing operations was $0.21 per share, including special items.
Adjusted EPS from continuing operations was $0.40, up 54% versus prior year.
Sales were $5.6 billion, up 2%, reflecting organic growth of 3%.
The company repurchased approximately 15 million shares in the quarter for $651 million.
Forward Guidance
The company reaffirms fiscal 2020 adjusted EPS from continuing operations guidance of $2.50 to $2.60, representing a year-over-year increase of 28% to 33%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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