Johnson Controls Q3 2020 Earnings Report
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
Johnson Controls
Johnson Controls
Johnson Controls Revenue by Segment
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%
Revenue & Expenses
Visualization of income flow from segment revenue to net income