Johnson Controls Posts $1.66 Q4 Adjusted EPS
JCI sits 36% above its 52-week low of $108.41.
Summary
Johnson Controls reported fourth-quarter adjusted EPS of $1.66, per Dow Jones Newswires, with GAAP EPS of $1.60, net income of $967M and sales of $7.11B. That follows a strong third quarter in which the company posted $1.42 adjusted EPS on 10% organic sales growth, a 27% order surge and a record $21 billion backlog, and raised full-year adjusted EPS guidance to $5.05 from $4.85. The Q4 print is the first hard read on whether that data-center-driven momentum carried into the close of the fiscal year, and the company now sees first-quarter adjusted EPS of $1.15 to $1.20. The same morning, Johnson Controls disclosed a definitive agreement to sell its Global Intrusion Products business to private equity firm Tru, part of the ongoing portfolio reshaping.
At the time of this announcement, JCI was trading at $147.51 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $89.3B. The 52-week trading range was $108.41 to $160.41. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.