Earnings release
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News release FOR IMMEDIATE RELEASE ■ GAAP EPS of $ 0.45 ; Adjusted EPS of $ 0.43 , up 8 % versus prior year Continued sequential quarterly improvement in sales , orders and profitability Backlog of $ 9.5B increases 3 % organically year - over - year Cash provided by operating activities was $ 0.5 billion ; Free cash flow of $ 0.4 billion Executed $ 346 million of planned share repurchases in Q1 ■ Announced ambitious new ESG commitments ■ ■ ■ ■ Johnson Controls Reports Strong Start to Fiscal Year ; Provides Fiscal 2021 Full Year and Q2 Guidance Johnson Controls Provides fiscal 2021 second quarter adjusted earnings per share guidance range of $ 0.47 to $ 0.49 ; top - line organic growth expected to turn positive Provides fiscal 2021 full year adjusted earnings per share guidance range of $ 2.45 to $ 2.55 ; represents a 9 to 14 % increase year over year CORK , Ireland , January 29 , 2021 -- Johnson Controls International plc ( NYSE : JCI ) , the global leader for smart , healthy and sustainable buildings , today reported fiscal first quarter 2021 GAAP earnings per share ( " EPS " ) from continuing operations , including special items , of $ 0.45 . Excluding these items , adjusted EPS from continuing operations was $ 0.43 , up 8 % versus the prior year period ( see attached footnotes for non GAAP reconciliation ) . Sales of $ 5.3 billion decreased 4 % compared to the prior year and declined 5 % organically , reflecting the continued impact of the COVID - 19 pandemic . GAAP net income from continuing operations was $ 327 million . Adjusted net income from continuing operations was $ 311 million , up 2 % versus the prior year . Earnings before interest and taxes ( " EBIT " ) was $ 492 million and EBIT margin was 9.2 % . Adjusted EBIT was $ 471 million and adjusted EBIT margin was 8.8 % , an increase of 80 basis points versus prior year results , despite the revenue decline . Page 1 of 15 " 2021 is off to a strong start with solid financial performance in our fiscal first quarter , demonstrating our continued commitment to disciplined execution , in what remains a challenging market environment , ” said George Oliver , chairman and CEO . " The continued benefits from our actions taken in fiscal 2020 to reduce structural costs , combined with ongoing efforts to minimize discretionary expenses , enabled us to achieve record first quarter profitability and free cash flow . Although many of our end markets remain under pressure due to the ongoing impacts of the pandemic , we further advanced our strategic growth initiatives , with continued reinvestment in our businesses to ensure we are best positioned for the recovery . As we progress into the second quarter , we expect to return to organic revenue growth , with strong margin expansion and year - over - year growth in earnings per share . "