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Johnson Controls Boost FY21 Outlook

Johnson Controls Boost FY21 Outlook MILWAUKEE (dpa-AFX) - While reporting financial results for the second quarter on Friday, Johnson Controls International plc (JCI) raised its adjusted earnings and organic revenue growth guidance for the full-year 2021, based on the year-to-date performance, the strength of its backlog, and the outlook for the remainder of the year. The company also provided outlook for the second quarter. For the third quarter, the company projects adjusted earnings in a range of $0.80 to $0.82 per share on organic revenue growth in the mid-teens. On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.81 per share on revenues of $6.11 billion for the quarter. Analysts estimates typically exclude special items.

Johnson Controls reports solid second quarter results and once again raises full-year guidance; Announces $250 million in new annual run rate COGS savings by fiscal 2023

Share this article Share this article CORK, Ireland, April 30, 2021 /PRNewswire/ Johnson Controls International plc (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, today reported fiscal second quarter 2021 GAAP earnings per share ( EPS ) from continuing operations, including special items, of $0.48. Excluding these items, adjusted EPS from continuing operations was $0.52, up 24% versus the prior year period (see attached footnotes for non-GAAP reconciliation). Sales of $5.6 billion increased 3% compared to the prior year on a reported basis, and up 1% organically. GAAP net income from continuing operations was $343 million. Adjusted net income from continuing operations of $373 million, increased 18% versus the prior year. Earnings before interest and taxes ( EBIT ) was $650 million and EBIT margin was 11.6%. Adjusted EBIT was $537 million and adjusted EBIT margin was 9.6%, an increase of 150 basis points versus prior year results.

Johnson Controls ranked on Forbes Best Employers for Diversity List 2021

Johnson Controls ranked on Forbes Best Employers for Diversity List 2021 - Developing diverse and inclusive environments is not just good business, but imperative to Johnson Controls Healthy Buildings vision - Johnson Controls reaffirms ambitious social and governance goals to develop pathways to leadership for women and minority leaders internally and externally News provided by Share this article Share this article MILWAUKEE, April 27, 2021 /PRNewswire/  Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, has been awarded on the Forbes list of Best Employers for Diversity 2021. At Johnson Controls, we strive to create an environment where every employee sees both the opportunity and the responsibility to contribute to our culture. It s through these contributions that we drive the mindsets, behaviors and innovation we need to power our mission and our customers successes, said George Oliver, chairman and CEO, Johnson Control

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