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Johnson Controls' Earnings Beats Expectations

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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:

  • 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?

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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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