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Johnson Controls Reports Strong Start to Fiscal Year; Provides Fiscal 2021 Full Year and Q2 Guidance


Johnson Controls Reports Strong Start to Fiscal Year; Provides Fiscal 2021 Full Year and Q2 Guidance
- GAAP EPS of $0.45; Adjusted EPS of $0.43, up 8% versus prior year
- Continued sequential quarterly improvement in sales, orders and profitability
- Backlog of $9.5B increases 3% organically year-over-year
- Cash provided by operating activities was $0.5 billion; Free cash flow of $0.4 billion
- Executed $346 million of planned share repurchases in Q1
- Announced ambitious new ESG commitments
- Provides fiscal 2021 second quarter adjusted earnings per share guidance range of $0.47 to $0.49; top-line organic growth expected to turn positive
- Provides fiscal 2021 full year adjusted earnings per share guidance range of $2.45 to $2.55; represents a 9 to 14% increase year over year ....

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