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Sep 30, 2020
Johnson Controls Q4 2020 Earnings Report
Johnson Controls reported Q4 2020 earnings, demonstrating strong execution in a challenging environment.
Key Takeaways
Johnson Controls reported a decrease in sales by 5% compared to the prior year, with organic sales declining by 6%. However, the company performed well across all end markets, delivering revenue and EBIT above prior guidance due to strong execution on cost-out initiatives and reinvestment into growth platforms.
GAAP EPS of $0.60; Q4 adjusted EPS of $0.76, down 3% versus prior year
Sequential quarterly improvement in sales, orders and profitability
Continued focus on cost mitigation actions in response to global pandemic
Completed approximately $750 million of planned share repurchases in Q4
Johnson Controls
Johnson Controls
Forward Guidance
The Company announced fiscal 2021 first quarter guidance:
Positive Outlook
- Adjusted EBIT margin expansion of 20 to 40 basis points, year-over-year
Challenges Ahead
- Organic revenue decline in the range of 5 to 7%
- Adjusted EPS before special items of $0.39 to $0.41