Reports Q2 revenue $5.68B, consensus $5.66B. “The Johnson Controls (JCI) team delivered strong second quarter results, highlighted by organic sales growth, margin expansion and record backlog,” said Joakim Weidemanis, CEO. “The results reflect the strengthened execution from our team as well as broad-based and sustained demand for our differentiated solutions. We have a strong foundation in place and by starting to increase customer focus and implement lean and business system approaches, we can take the first step to accelerate our momentum and enhance value for all of our stakeholders.”
Easter Sale - 70% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JCI:
- Notable companies reporting before tomorrow’s open
- Johnson Controls Realigns Organizational Structure Globally
- Johnson Controls (JCI) Q2 Earnings Cheat Sheet
- Positive Outlook for Johnson Controls: Strong Growth and Raised Sales Outlook Justify Buy Rating
- Honeywell elevated to ‘top pick’ status at UBS