Johnson Controls Details SG&A Cost Reductions to Further Optimize Cost Structure and Updates FY21 Guidance - Expects to deliver $300 million in annualized pre-tax savings by fiscal year-end 2023 - Broad-based SG&A actions focused on simplification, standardization, and centralization - Additional opportunities to reduce COGS identified and will be detailed on or before fiscal Q2 call - FY21 adjusted EPS guidance raised to $2.50 to $2.60; No change to fiscal Q2 News provided by Share this article Share this article CORK, Ireland, Feb. 17, 2021 /PRNewswire/ -- Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, today details multi-year SG&A actions designed to further optimize the overall cost structure, enhance operational efficiency and deliver meaningful margin expansion. These actions will deliver annualized savings of $300 million by fiscal year-end 2023 and are incremental to ongoing improvements in underlying fundamentals.