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Johnson Controls Guides FY21 In Line With Estimates - Quick Facts

While reporting financial results for the first quarter on Friday, Johnson Controls International plc (JCI) provided adjusted earnings and organic revenue growth guidance for the second quarter and full-year 2021.

For the second quarter, the company projects adjusted earnings in a range of $0.47 to $0.49 per share on a slight growth in organic revenue.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.40 per share on a revenue growth of 1.90 percent to $5.27 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2021, the company now projects adjusted earnings guidance in the range of $2.45 to $2.55 per share, representing a year-over-year increase of 9 to 14 percent. It also expects organic revenue growth in the low-to-mid single digit.

The Street is looking for earnings of $2.51 per share on a revenue growth of 3.5 percent to $23.11 billion for the year.

Separately, Johnson Controls announced an ambitious set of new Environmental, Social & Governance (ESG) commitments, science-based targets as well as a net zero carbon pledge to support a healthy, more sustainable planet over the next two decades.

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