Johnson Controls reports Q1 adjusted EPS 89c, consensus 84c

Reports Q1 revenue $5.8B, consensus $5.64B. Reports Q1 orders up 39% organically year-over-year. “Johnson Controls (JCI) delivered a strong start to the year, with solid revenue growth, meaningful margin expansion, and adjusted EPS up nearly 40%, reflecting improving execution across the enterprise,” said Joakim Weidemanis, CEO. “Our nearly 40% order growth highlights strong customer demand in our core end markets, where our technology leadership and enviable field presence continues to differentiate us. As we deploy our proprietary business system more broadly, we’re operating with greater speed and consistency, strengthening our ability to deliver sustained, predictable value for our customers and shareholders.”