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The power behind your mission FOR IMMEDIATE RELEASE ■ ■ Johnson Controls Johnson Controls reports solid second quarter results and once again raises full - year guidance ; Announces $ 250 million in new annual run rate COGS savings by fiscal 2023 GAAP EPS of $ 0.48 ; Adjusted EPS of $ 0.52 , up 24 % versus prior year Sales and order growth inflected positive on both a nominal and organic basis ; Backlog of $ 9.6 billion increases 4 % organically year - over - year Cash provided by operating activities was $ 0.6 billion ; Free cash flow of $ 0.5 billion Announces COGS cost actions to drive $ 250 million in annual run rate savings by fiscal 2023 Provides fiscal 2021 third quarter adjusted earnings per share guidance range of $ 0.80 to $ 0.82 Raises fiscal 2021 adjusted EPS guidance to $ 2.58 to $ 2.65 , an increase of 15 % to 18 % year - over year CORK , Ireland , April 30 , 2021 -- Johnson Controls International plc ( NYSE : JCI ) , the global leader for smart , healthy and sustainable buildings , today reported fiscal second quarter 2021 GAAP earnings per share ( " EPS " ) from continuing operations , including special items , of $ 0.48 . Excluding these items , adjusted EPS from continuing operations was $ 0.52 , up 24 % versus the prior year period ( see attached footnotes for non - GAAP reconciliation ) . Sales of $ 5.6 billion increased 3 % compared to the prior year on a reported basis , and up 1 % organically . GAAP net income from continuing operations was $ 343 million . Adjusted net income from continuing operations of $ 373 million , increased 18 % versus the prior year . Earnings before interest and taxes ( " EBIT " ) was $ 650 million and EBIT margin was 11.6 % . Adjusted EBIT was $ 537 million and adjusted EBIT margin was 9.6 % , an increase of 150 basis points versus prior year results . " Our performance continues to strengthen as we emerge from the global pandemic with a sharpened focus on our future , " said chairman and CEO , George Oliver . " I am incredibly proud of our employees ' leadership and commitment through this time . The strategic actions we have taken to address future profitability , expand into key growth markets through disciplined capital allocation , deliver on sustainability , and expand our digital and service offerings , are all evidence of how we are executing our strategy , " Oliver continued . " Momentum in many of our end markets continues to build . Volumes in our Global Products business are recovering nicely , led by continued strength in Residential , while order activity in our non - residential businesses is accelerating and the pipeline is expanding further as we enter the second half of our year . Based on our year - to - date performance , the strength and resilience of our backlog , and the outlook for the remainder of the year , I am confident we are positioned to deliver on all of our commitments . " Page 1 of 18