Johnson Controls’ Earnings Beats Expectations

by Trefis Team
+2.80%
Upside
64.44
Market
66.24
Trefis
JCI
Johnson Controls
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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:

Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Johnson Controls.

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