Plus   Neg

Johnson Controls Guides FY20 Adj. EPS In Line - Quick Facts

While reporting financial results for the fourth quarter and fiscal 2019 on Thursday, Johnson Controls International plc (JCI) initiated earnings guidance for the full-year 2020, in line with analysts' estimates.

For fiscal 2020, the company now projects adjusted earnings in a range of $2.50 to $2.60 per share, representing a year-over-year increase of 28 to 33 percent, on organic revenue growth in the low to mid-single digits.

On average, 18 analysts polled by Thomson Reuters expect the company to report earnings of $2.58 per share on revenue growth of 3.6 percent to $24.98 billion for the year. Analysts' estimates typically exclude special items.

"Looking ahead to fiscal 2020, we are well positioned to build upon the performance in 2019 by leveraging our strong backlog position, remaining focused on operational execution and continuing to redeploy capital to our shareholders," said George Oliver, chairman & CEO.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Global PC shipments returned to growth in the second quarter of 2020 after seeing a significant decline in the preceding first quarter due to COVID-19 related supply-chain disruptions, according to reports by two research firms. The PC market returned to growth in the quarter as production ramped up and vendors restocked their supplies to near-normal levels. The bankruptcy filing of America's oldest apparel retailer Brooks Brothers has ignited significant interest from potential buyers for the brand. WHP Global and a venture backed by Authentic Brands Group LLC and Simon Property Group, Inc., are reportedly considering bids for the retailer. WHP Global owns the ANNE KLEIN and JOSEPH ABBOUD brands. Sundial Herbal Products has recalled around 65 products, which were misbranded and currently unapproved drugs, the U.S. Food and Drug Administration said in a statement. The recall follows an order by a federal judge in June to stop distributing the company's unapproved new drugs. The affected items include herbal products and dietary supplements.
Follow RTT