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Sep 30, 2021
Johnson Controls Q4 2021 Earnings Report
Reported solid fourth quarter and full year results.
Key Takeaways
Johnson Controls reported a 7% increase in Q4 sales compared to the prior year, with organic sales up 5%. Adjusted EPS was $0.88, a 16% increase year-over-year. The company's backlog increased 10% organically to $10.1 billion.
Q4 GAAP EPS of $0.38; Adjusted EPS of $0.88, up 16% versus prior year
Reported Q4 sales +7% versus prior year; +5% organic
Q4 Orders +9% year-over-year, with strong underlying momentum; Backlog of $10.1 billion increased 10% organically year-over-year
Completed approximately $300 million of planned share repurchases in Q4
Forward Guidance
The Company initiated fiscal 2022 full year guidance:
Positive Outlook
- Organic revenue growth of mid-to-high single digits year-over-year
- Adjusted segment EBITA margin expansion of 70 to 80 basis points, 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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