Company Earnings UpdateJohnson Controls (NYSE: JCI) 2Q19 Results: Mixed/In-Line Quarter, Raises 2019 EPS Guidance Coresight Research May 8, 2019 Executive Summary Johnson Controls reported fiscal 2Q19 revenues of $5.78 billion, up 2.6% and in line with the consensus estimate. Organic growth was 6%. Adjusted EPS from continuing operations was $0.32, beating the consensus estimate by two cents. Revenues in the field business (building solutions) grew 3%, and 6% organically. Revenues in the products business grew 2%, and 7% organically. Backlog increased 6% year over year. The company raised its 2019 EPS guidance to $1.85-$1.95 (up 16%-23%) from $1.75-$1.85 (up 10%-16%). Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Consumer Optimism Softens Ahead of Golden Week: China Consumer Survey InsightsAnalyst Corner: Three Technologies Driving the Future of US Retail, with Anand KumarNavigating TikTok’s Uncertainty: Analyzing Challenges and Emerging User Migration TrendsDrugstore Decimation: Assessing Rite Aid’s Closures, and Which Competitors Stand To Gain
