Earnings release
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The power behind your mission FOR IMMEDIATE RELEASE Johnson Controls Johnson Controls reports solid third quarter results and raises full year guidance ■ ■ ■ ■ ■ GAAP EPS of $ 0.80 ; Adjusted EPS of $ 0.83 , up 24 % versus prior year Reported sales + 19 % versus prior year ; + 15 % organic Organic order growth accelerated to + 18 % year - over - year , with strong underlying momentum ; Backlog of $ 10.0 billion increased 7 % organically year - over - year Cash provided by operating activities was $ 0.9 billion ; Free cash flow of $ 0.7 billion Completed acquisition of Silent - Aire , establishing a leading position in the high growth hyperscale data center vertical Provides fiscal 2021 fourth quarter adjusted earnings per share guidance range of $ 0.86 to $ 0.88 Raises fiscal 2021 adjusted EPS guidance to $ 2.64 to $ 2.66 , an increase of 18 % to 19 % year - over- year CORK , Ireland , July 30 , 2021 -- Johnson Controls International plc ( NYSE : JCI ) , the global leader for smart , healthy and sustainable buildings , today reported fiscal third quarter 2021 GAAP earnings per share ( " EPS " ) from continuing operations , including special items , of $ 0.80 . Excluding these items , adjusted EPS from continuing operations was $ 0.83 , up 24 % versus the prior year period ( see attached footnotes for non - GAAP reconciliation ) . Sales of $ 6.3 billion increased 19 % compared to the prior year on an as reported basis , and up 15 % organically . GAAP net income from continuing operations was $ 574 million . Adjusted net income from continuing operations of $ 598 million increased 19 % versus the prior year . Earnings before interest and taxes ( " EBIT " ) was $ 825 million and EBIT margin was 13.0 % . Adjusted EBIT was $ 848 million and adjusted EBIT margin was 13.4 % , an increase of 20 basis points versus prior year results . " We delivered another strong quarter of growth , profitability and cash flow in the third quarter , ” said George Oliver , chairman and CEO . " We remain committed to executing both on our core operating fundamentals and on the strategic actions underway to accelerate growth , deliver on sustainability , expand our digital and service offerings , and strengthen future profitability . Additionally , we welcomed the Silent - Aire family into Johnson Controls , increasing our focus on the very attractive data center vertical , " Oliver said . " Overall demand patterns continue to improve , including our longer cycle project installations , and most of our businesses are back to operating at or near pre - pandemic levels . We continue to proactively manage short - term challenges related to global supply chain disruptions , inflation and regional COVID resurgences and our team has remained laser focused on meeting our customer needs . Looking ahead , we are confident that the strength in orders , resilient backlog , and actions we've taken over the last year position us well to deliver on our commitments , " Oliver added . Page 1 of 19