Johnson Controls’ Earnings Beats Expectations

Highlights Of the Quarter:

1) Positive Momentum For Systems And Services North America

• Revenues increased by 8% (9% excluding currency impact).
• Orders secured up by 7%.
• Backlog rose by 8%, driven by activity in healthcare, higher education, and public transportation.
• Strong growth in most of the HVAC businesses and share gains.

2) China Investments Paying Off In Power Solutions

• Record shipments in the quarter, 60% growth versus the prior year.
• Increase in original equipment shipments by over 20%.
• AGM units sales nearly double.

3) Impressive Johnson Controls-Hitachi Joint Venture

• Great performance in China, Taiwan, and Japan.
• Progress in market plans across Europe and Asia, with increased backlog in base’s design work in North America.
• Additional revenues of $740 million.

Have more questions on Johnson Controls? See the links below:

• Will Johnson Controls Miss Estimates Again?
• How Has Johnson Controls’ Net Sales Changed By Geographic Areas?
• How Does The Adient Spin-Off And Tyco Merger Create Value For Johnson Controls’ and Tyco’s Shareholders?
• What Costs Did Johnson Controls’ 2015 Restructuring Plan Entail?
• Johnson Controls: Year 2015 In Review
• How Will Johnson Controls’ Revenue And EBITDA Composition Change In The Next 3 Years?
• How Has Johnson Controls’ Revenue And EBITDA Composition Changed In The Last 5 Years?
• What’s Johnson Controls’ Fundamental Value Based On Expected 2016 Results?
• By What Percentage Did Johnson Controls’ Revenue & EBITDA Grow In The Last 5 Years?
• What’s Johnson Controls’ Revenue And EBITDA Breakdown?

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