Loading...
•
Jun 30, 2020
Johnson Controls Q3 2020 Earnings Report
Johnson Controls reported fiscal Q3 2020 results demonstrating strong execution and provided Q4 guidance.
Key Takeaways
Johnson Controls reported adjusted EPS of $0.67, up 3% versus prior year, and GAAP EPS was a loss of $0.24. Sales of $5.3 billion decreased 17% compared to the prior year and declined 16% organically, driven by the COVID-19 pandemic. The company provides Q4 adjusted earnings per share guidance range of $0.68 to $0.72; full year guidance of $2.16 to $2.20, representing a year-over-year increase of 10-12%.
Adjusted EPS of $0.67, up 3% versus prior year; GAAP EPS was a loss of $0.24
Significant cost mitigation actions both temporary and permanent executed; tracking ahead of expectations
Adjusted EBIT margin expansion of 70bps year-over-year; GAAP EBIT margin of (1.2%)
Adjusted free cash flow of $0.8 billion; GAAP free cash flow of $0.7 billion
Forward Guidance
Company provides Q4 adjusted earnings per share guidance range of $0.68 to $0.72; full year guidance of $2.16 to $2.20, representing a year-over-year increase of 10-12%
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...