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Dec 31, 2021
Johnson Controls Q1 2022 Earnings Report
Reported strong revenue and EPS growth in Q1 and reaffirmed FY22 EPS guidance.
Key Takeaways
Johnson Controls reported a strong start to fiscal year 2022 with significant growth in orders, revenue, and profitability, despite ongoing challenges in the operating environment. The company reaffirmed its full-year adjusted EPS guidance.
GAAP EPS of $0.54; Adjusted EPS of $0.54, up 26% versus prior year.
Reported sales +10% versus prior year; +8% organic.
Orders +8% year-over-year, with broad-based underlying momentum; Backlog of $10.5 billion increased 10% organically year-over-year.
Reaffirms fiscal 2022 adjusted EPS guidance of $3.22 to $3.32, an increase of 22 to 25% year-over-year; Fiscal Q2 adjusted EPS guided to $0.62 to $0.64, an increase of 19 to 23% year-over-year.
Forward Guidance
The Company initiated fiscal 2022 second quarter guidance and reaffirmed fiscal 2022 full year EPS guidance.
Positive Outlook
- Organic revenue up high-single digits year-over-year
- Adjusted segment EBITA margin expansion of 50 to 60 basis points, year-over-year
- Adjusted EPS before special items of $0.62 to $0.64; represents 19 to 23% growth year-over-year
- Organic revenue growth of 8 to 10% year-over-year
- Adjusted EPS before special items of $3.22 to $3.32; represents 22 to 25% growth year-over-year
Historical Earnings Impact
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Avg. Return Before/After Earnings
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