Company Earnings UpdateJohnson Controls (NYSE: JCI) 3Q19 Results: Meets/Beats Consensus, Investing While Seeing Continued Momentum, Raises Annual EPS Guidance Coresight Research August 1, 2019 Executive Summary Johnson Controls reported fiscal 3Q19 revenues of $6.45 billion, up 2.7% and in line with the consensus estimate. Organic growth was 6%. Adjusted EPS from continuing operations was $0.65, beating the consensus estimate by two cents. Revenues in the field business (building solutions) grew 2% as reported and 5% organically. Revenues in the products business grew 3% and 7% organically. Backlog increased 7% year over year. The company narrowed its 2019 EPS (from continuing operations) guidance range upwards to $1.93-1.95 (up 21%-23% year over year) from $1.85-1.95 previously. 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: Weekly US Store Openings and Closures Tracker 2025, Week 29: Openings by Daiso, LEGO and TargetRetail Technology Show 2025: Hearing About Sustainability, Smart Fashion, QR Codes, Unified Commerce and More4Q25 US Earnings Season Wrap-Up: 80% of Companies Grow Sales and About 75% Beat EPS Consensus Amid Broad Strength in Discount, Specialty Apparel and Value RetailAnalyst Corner: US Consumers’ Plans for the Memorial Day, Mother’s and Father’s Day, and the Holiday Season, with Aditya Kaushik
